Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest−0.023%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Orderly is 0.023% cheaper against Vest than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	744.55	0.0046	pay 0.0006% / 1h	49m 02s	—	$12K	25x
Short	Orderly PERP_META_USDC_mythos	744.38	0.0100	get 0.0100% / 8h	49m 02s	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.023%Rate

Funding earned: $11.41
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: $1.12
Costs to cover: 0.080%
Break-even: 6.3 days

Slippage unknown: Vest: no order-book sample; Orderly: 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 Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and Orderly: 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	744.46	−0.012%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.38	+0.111%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.02	−0.071%	$551K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.22	−0.044%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.96	−0.079%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.11	−0.059%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.77	−0.105%	$465K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.28	−0.036%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	−0.030%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.62	+0.010%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.44	−0.015%	$942	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.73	−0.110%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.24	−0.042%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.88	+0.044%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.25	−0.040%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.44	−0.015%	$112K	$339K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	744.55	long leg	—	$12K	25x
Polymarket Perps META-USD	+0.0050%	1h	743.91	−0.086%	$564K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.08	−0.063%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.78	−0.103%	$728K	$5.1M	10x	as long as short
edgeX METAUSDC	+0.0051%	4h	744.65	+0.013%	$62K	$344K	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	744.13	−0.057%	—	—	5x	as long as short
Nado META-PERP	+0.0074%	1h	743.80	−0.101%	$479K	$560K	20x	as long as short
Lighter RH META	+0.0080%	1h	744.48	−0.009%	$788K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.19	+0.085%	$46K	$88K	10x	as long as short
Pacifica META	+0.0100%	1h	744.48	−0.009%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.44	−0.015%	$1.6M	$708K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.68	−0.117%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	744.38	−0.023%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	744.04	−0.068%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.013%	$654K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0128%	1h	744.37	−0.024%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.533%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0408%	1h	744.65	+0.013%	$33K	$105	20x	as long as short
Lighter META	+0.0512%	1h	744.63	+0.011%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0553%	1h	744.50	−0.007%	$80.5M	$129.2M	20x	as long as short
Phoenix META	+0.0750%	1h	746.46	+0.257%	$797K	$1.5M	20x	as long as short