Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0542%/8h= +59.4% APRpaid last 24h +0.074%

Price spread now: edgeX against Aevo−0.067%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.067% cheaper against Aevo than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	744.33	0.0104	pay 0.0013% / 1h	12m 47s	$268	—	10x
Short	edgeX METAUSDC	743.83	0.0646	get 0.0323% / 4h	2h 12m	$62K	$342K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $113.82
Price spread: −0.067% → 0.000%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $82.17
Costs to cover: 0.250%
Break-even: 1.9 days

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 35 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 edgeX live order book, 35 min ago	5.16 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	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 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	744.66	+0.045%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.85	+0.070%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.61	+0.038%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.48	+0.154%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.41	+0.145%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.87	+0.207%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.26	−0.009%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.93	+0.081%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.068%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.06	−0.035%	$12K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.29	−0.005%	$744	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.28	−0.006%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.45	+0.016%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.51	+0.024%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.20	−0.017%	$481K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	745.86	+0.206%	$766K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.64	−0.092%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.84	+0.069%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.30	−0.004%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.58	+0.034%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	−0.001%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.49	+0.022%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.150%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	745.73	+0.189%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.48	+0.021%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.00	+0.090%	$1.6M	$655K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.53	−0.107%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.56	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	744.33	long leg	$268	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.121%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.226%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	746.01	+0.226%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.50	+0.023%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0448%	1h	746.05	+0.231%	$75.7M	$125.5M	20x	as long as short
edgeX METAUSDCshort	+0.0646%	4h	743.83	−0.067%	$62K	$342K	10x
Phoenix META	+0.0685%	1h	744.89	+0.076%	$795K	$1.4M	20x	as long as short