Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Binance against Aevo+0.059%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.059% dearer against Aevo than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	744.48	0.0104	pay 0.0013% / 1h	12m 24s	$268	—	10x
Short	Binance METAUSDT	744.92	0	get 0.0000% / 8h	7h 12m	$25.9M	$191.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: −$21.84
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.96
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 16 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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.40 bp	6.4 bp −$6	12.2 bp −$122	37.4 bp −$3,736	doesn't fit

Aevo: 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	744.50	+0.003%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	+0.043%	$487K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.73	+0.033%	$546K	$3.4M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	744.92	+0.059%	$25.9M	$191.7M	20x
Bybit METAUSDT	0.0000%	8h	745.07	+0.079%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.06	+0.078%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.62	+0.019%	$442K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.71	+0.031%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.90	−0.078%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.05	−0.058%	$12K	$437K	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	744.92	+0.059%	$714	$7.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.38	−0.013%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.29	−0.025%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0001%	1h	744.04	−0.059%	$479K	$561K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.48	0.000%	$796K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.87	+0.052%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.55	+0.009%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.01	+0.071%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.98	+0.067%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.83	+0.047%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.74	+0.035%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.14	−0.046%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	744.64	+0.021%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	744.69	+0.028%	$51K	$92K	10x	as long as short
Pacifica META	+0.0100%	1h	743.98	−0.067%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.35	−0.017%	$1.6M	$785K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.66	−0.110%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.76	+0.038%	$1K	$24	10x	as long as short
edgeX METAUSDC	+0.0103%	4h	743.85	−0.085%	$63K	$349K	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	744.48	long leg	$268	—	10x
Coinbase International META-PERP-INTX	+0.0120%	1h	744.25	−0.031%	$641K	$8.0M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0180%	1h	744.69	+0.028%	$36K	$270K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.040%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.47	−0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	744.68	+0.027%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0294%	1h	745.04	+0.075%	$85.8M	$134.2M	20x	as long as short
Phoenix META	+0.0791%	1h	745.15	+0.090%	$795K	$1.5M	20x	as long as short