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 −0.024%

Price spread now: OKX against Aevo+0.048%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 OKX

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. OKX is 0.048% dearer against Aevo than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	741.61	0.0104	pay 0.0013% / 1h	11m 59s	$267	—	10x
Short	OKX META-USDT-SWAP	741.97	0	get 0.0000% / 8h	5h 11m	$6.0M	$13.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$21.84
Price spread: +0.048% → 0.000%: $4.8
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.04
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.94 bp	9.0 bp −$9	19.4 bp −$194	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	741.66	+0.006%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0016%	1h	741.21	−0.055%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.88	+0.035%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.69	+0.010%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.88	+0.036%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.83	+0.029%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	741.97	+0.048%	$6.0M	$13.4M	20x
Gate META_USDT	0.0000%	8h	741.42	−0.026%	$360K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.68	+0.009%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.71	+0.013%	$2.4M	$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_Perp	0.0000%	8h	741.87	+0.034%	$13K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.84	+0.030%	$939	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.28	−0.045%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.56	−0.007%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.68	+0.009%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.97	+0.048%	$765K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.54	−0.010%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.28	−0.045%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.83	+0.029%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.84	+0.030%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.57	−0.006%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.72	+0.014%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.94	−0.091%	$720K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	741.60	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.30	+0.093%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.49	−0.017%	$611K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.01	+0.053%	$1.6M	$524K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.09	−0.071%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.75	+0.018%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	741.61	long leg	$267	—	10x
Injective META/USDC PERP	+0.0220%	1h	743.98	+0.319%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.67	+0.008%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0262%	4h	741.69	+0.010%	$62K	$337K	10x	as long as short
Lighter META	+0.0272%	1h	741.99	+0.051%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0346%	1h	741.90	+0.039%	$69.3M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.43	+0.110%	$573K	$1.1M	20x	as long as short