Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0622%/8h= +68.1% APRpaid last 24h +0.055%

Price spread now: edgeX against Aftermath Perps−0.075%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 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 0.075% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	743.51	0.0062	pay 0.0008% / 1h	49m 01s	$52K	$72K	10x
Short	edgeX METAUSDC	742.95	0.0684	get 0.0342% / 4h	49m 01s	$62K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aftermath Perps. 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 Aftermath PerpsbpFee edgeXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $130.66
Price spread: −0.075% → 0.000%: −$7.53
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $105.13
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: Aftermath Perps: no order-book sample; edgeX: live order book, 29 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 29 min ago	5.13 bp	9.7 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

Aftermath Perps: 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	743.07	−0.060%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0054%	1h	742.91	−0.081%	$391K	$329K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0033%	1h	742.63	−0.119%	$30K	$257K	10x	as long as short
Aster METAUSDT	0.0000%	8h	742.91	−0.081%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.97	−0.073%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.13	−0.052%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.09	−0.057%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.26	−0.034%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.74	−0.104%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.00	−0.069%	$5.6M	$11.4M	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	742.97	−0.073%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.14	−0.050%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.86	−0.088%	$869	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.83	−0.092%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.09	−0.057%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.07	−0.060%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.45	−0.009%	$759K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.67	−0.114%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.50	−0.002%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.13	−0.052%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.12	−0.053%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.10	−0.056%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.39	−0.151%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.00	−0.069%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0062%	1h	743.51	long leg	$52K	$72K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.032%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.86	−0.088%	$1.6M	$377K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.107%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.08	−0.058%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.96	−0.074%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	−0.065%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.32	−0.026%	$33K	$105	20x	as long as short
Lighter META	+0.0160%	1h	743.38	−0.018%	$864K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0219%	1h	743.33	−0.025%	$67.5M	$122.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.106%	$169K	$46K	30x	as long as short
edgeX METAUSDCshort	+0.0684%	4h	742.95	−0.075%	$62K	$332K	10x