Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against Orderly+0.046%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.046% dearer against Orderly than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	745.25	0.0100	pay 0.0100% / 8h	1h 39m	$1K	$24	10x
Short	Vest META-USD-PERP	745.59	0.0046	get 0.0006% / 1h	39m 39s	—	$12K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee VestbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$11.41
Price spread: +0.046% → 0.000%: $4.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$14.84
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Vest no order-book sample	—	—	—	—	—

Orderly and Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	745.33	+0.011%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0020%	1h	744.87	−0.050%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.65	+0.054%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.93	−0.043%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.07	−0.024%	$25.2M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.90	−0.047%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.08	−0.023%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.69	−0.075%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.09	−0.021%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.20	−0.006%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.43	+0.024%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.05	−0.027%	$563	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.77	−0.064%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.91	−0.046%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	+0.003%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.98	−0.036%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.41	+0.021%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.87	−0.051%	$109K	$333K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	745.59	+0.046%	—	$12K	25x
Popdex METAUSDT	+0.0048%	1h	745.19	−0.008%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.87	−0.051%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.14	−0.015%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.44	−0.109%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	745.05	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.39	+0.152%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.31	+0.008%	$1.6M	$675K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.66	−0.079%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	745.25	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	745.07	−0.025%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.024%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.455%	$173K	$46K	30x	as long as short
Lighter META	+0.0384%	1h	745.55	+0.040%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0400%	1h	745.60	+0.047%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0526%	1h	745.52	+0.036%	$77.1M	$127.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.165%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	745.37	+0.016%	$62K	$345K	10x	as long as short
Pacifica META	+0.0800%	1h	744.88	−0.050%	—	—	—	as long as short