Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.013%

Price spread now: Gate against Vest−0.098%7-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 Gate

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.098% cheaper against Vest than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	745.55	0.0046	pay 0.0006% / 1h	47m 31s	—	$11K	25x
Short	Gate META_USDT	744.82	0	get 0.0000% / 8h	2h 47m	$430K	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.098%Rate

Funding earned: −$9.59
Price spread: −0.098% → 0.000%: −$9.79
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.38
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	2.48 bp	10.9 bp −$11	39.2 bp −$392	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	745.42	−0.017%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.36	+0.108%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.29	−0.035%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.46	−0.013%	$28.3M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.36	−0.025%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.46	−0.012%	$6.0M	$12.6M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	744.82	−0.098%	$430K	$5.9M	100x
Variational Omni META	0.0000%	8h	745.99	+0.059%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.12	+0.076%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.56	+0.001%	$775	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.88	−0.090%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.25	−0.040%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	+0.080%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.27	−0.038%	$111K	$331K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	745.55	long leg	—	$11K	25x
QFEX META-USD	+0.0046%	1h	745.33	−0.030%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.91	−0.086%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.36	−0.025%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.66	−0.119%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0052%	1h	745.00	−0.074%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0056%	1h	745.66	+0.015%	$768K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0060%	8h	745.52	−0.004%	$5.4M	$11.9M	100x	as long as short
Paradex META-USD-PERP	+0.0075%	8h	745.27	−0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.05	+0.067%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.59	+0.005%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.03	−0.070%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.36	−0.025%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.30	−0.034%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.45	−0.013%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.115%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.386%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0232%	4h	745.42	−0.017%	$62K	$340K	10x	as long as short
Lighter META	+0.0360%	1h	745.76	+0.028%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0456%	1h	745.68	+0.017%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0524%	1h	745.65	+0.013%	$72.4M	$122.7M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.154%	$797K	$1.4M	20x	as long as short