Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.009%

Price spread now: GRVT against Aevo+0.063%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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.063% dearer against Aevo than usual: you sell high and buy low (spread +0.063% 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 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	740.95	0.0104	pay 0.0013% / 1h	36m 44s	$267	—	10x
Short	GRVT META_USDT_Perp	741.42	0	get 0.0000% / 8h	5h 36m	$12K	$432K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$21.84
Price spread: +0.063% → 0.000%: $6.33
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$40.51
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 26 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 GRVT live order book, 26 min ago	1.15 bp	9.4 bp −$9	16.1 bp −$161	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	741.24	+0.039%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0034%	1h	740.97	+0.003%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.61	+0.090%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.99	+0.006%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.22	+0.036%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.12	+0.023%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.07	+0.016%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.01	+0.008%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.19	+0.033%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	+0.025%	$2.3M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perpshort	0.0000%	8h	741.42	+0.063%	$12K	$432K	10x
SunX META-USDT	0.0000%	8h	741.22	+0.037%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	−0.036%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	−0.009%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	+0.035%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.49	+0.073%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.08	+0.018%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.83	−0.016%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.43	+0.065%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.16	+0.029%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.93	−0.003%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.13	+0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.057%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.99	+0.006%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.11	+0.157%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.118%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.39	+0.060%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.036%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	740.95	long leg	$267	—	10x
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.347%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.43	+0.065%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.39	+0.060%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.29	+0.046%	$69.1M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.161%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	+0.026%	$62K	$335K	10x	as long as short