Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.030%

Price spread now: Gate against Aevo−0.059%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 Gate

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.059% cheaper against Aevo than usual: you would sell low and buy high (−$6 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	Aevo META-PERP	740.38	0.0104	pay 0.0013% / 1h	31m 27s	$267	—	10x
Short	Gate META_USDT	739.95	0	get 0.0000% / 8h	2h 31m	$320K	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$21.84
Price spread: −0.059% → 0.000%: −$5.85
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.69
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	5.47 bp	14.4 bp −$14	39.9 bp −$399	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
Nado META-PERP	−0.0129%	1h	740.47	+0.012%	$399K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.35	−0.005%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.82	+0.059%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.41	+0.003%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.46	+0.011%	$26.8M	$177.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.44	+0.008%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.015%	$6.0M	$13.1M	20x	as long as short
Hotstuff META-PERP	0.0000%	1h	740.54	+0.021%	$33K	$105	20x	as long as short
Gate META_USDTshort	0.0000%	8h	739.95	−0.059%	$320K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	740.59	+0.028%	$5.7M	$11.0M	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	739.93	−0.061%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.06	−0.044%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.75	+0.050%	$741	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.42	+0.005%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.15	−0.032%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.14	−0.033%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.34	−0.006%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.70	+0.043%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.047%	$739K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.23	−0.021%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.05	+0.090%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	+0.004%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.56	+0.024%	$68.5M	$120.1M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.52	+0.018%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.26	−0.017%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.04	−0.046%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.36	−0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	740.79	+0.055%	$42K	$58K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.18	−0.027%	$597K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.35	−0.005%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.29	−0.013%	$1.6M	$350K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.51	+0.017%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.45	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	740.38	long leg	$267	—	10x
Injective META/USDC PERP	+0.0220%	1h	739.97	−0.056%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0285%	4h	740.19	−0.027%	$62K	$329K	10x	as long as short