Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0603%/8h= +66.0% APRpaid last 24h +0.084%

Price spread now: edgeX against Vest−0.032%63s7-day average — · you buy dearer than you sell

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

Long on Vest Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.032% cheaper against Vest than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	739.89	0.0046	pay 0.0006% / 1h	21m 38s	—	$11K	25x
Short	edgeX METAUSDC	739.65	0.0648	get 0.0324% / 4h	3h 21m	$62K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Vest. 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 VestbpFee edgeXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $126.53
Price spread: −0.032% → 0.000%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $112.29
Costs to cover: 0.110%
Break-even: 0.8 days

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 52 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell edgeX live order book, 52 min ago	5.19 bp	9.8 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

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 36 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	739.51	−0.051%	$328K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0088%	1h	738.97	−0.124%	$30K	$246K	10x	as long as short
Nado META-PERP	−0.0025%	1h	739.29	−0.081%	$421K	$394K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.76	−0.018%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.44	−0.061%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.71	−0.024%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.95	+0.008%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.61	−0.038%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.19	−0.095%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.60	−0.039%	$5.6M	$11.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.24	−0.087%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.70	−0.026%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.87	−0.003%	$968	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.34	−0.074%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.80	−0.012%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.87	−0.003%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	739.89	long leg	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	739.55	−0.046%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.33	−0.076%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.55	−0.046%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.91	−0.132%	$673K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.56	−0.045%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.13	−0.103%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.54	−0.047%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.27	+0.051%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	739.54	−0.047%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.74	−0.020%	$1.6M	$437K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.099%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.61	−0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.40	−0.067%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.078%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.72	−0.023%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.223%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	739.88	−0.001%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.016%	$291K	$930K	20x	as long as short
edgeX METAUSDCshort	+0.0648%	4h	739.65	−0.032%	$62K	$334K	10x