Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.040%

Price spread now: GRVT against Aftermath Perps−0.123%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 GRVT

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.123% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$12 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	Aftermath Perps METAUSD	743.89	0.0076	pay 0.0010% / 1h	15m 22s	$51K	$92K	10x
Short	GRVT META_USDT_Perp	742.98	0	get 0.0000% / 8h	7h 15m	$12K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$15.99
Price spread: −0.123% → 0.000%: −$12.26
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$46.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; GRVT: live order book, 17 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 GRVT live order book, 17 min ago	1.14 bp	9.2 bp −$9	13.6 bp −$136	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 37 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	743.79	−0.014%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	743.64	−0.034%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.014%	$479K	$620K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.77	−0.017%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.03	+0.019%	$25.9M	$191.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.11	+0.029%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.99	+0.013%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.57	−0.043%	$472K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.86	−0.004%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.90	+0.001%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perpshort	0.0000%	8h	742.98	−0.123%	$12K	$437K	10x
SunX META-USDT	0.0000%	8h	744.17	+0.037%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.69	−0.027%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.94	+0.006%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.93	+0.005%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.02	+0.017%	$795K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.91	+0.002%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.47	−0.057%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.31	+0.056%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.98	+0.012%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.83	−0.008%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.92	+0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.19	−0.094%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	743.81	−0.011%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0076%	1h	743.89	long leg	$51K	$92K	10x
Pacifica META	+0.0100%	1h	743.52	−0.050%	$611	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.64	−0.034%	$1.6M	$782K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.38	−0.069%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.88	−0.002%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.70	−0.026%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.28	−0.082%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.119%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.00	+0.014%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	744.02	+0.017%	$85.5M	$134.0M	20x	as long as short
Lighter META	+0.0296%	1h	744.24	+0.047%	$1.2M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0502%	4h	743.44	−0.061%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	744.89	+0.134%	$795K	$1.5M	20x	as long as short