Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: SoDEX against Aftermath Perps−0.034%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 SoDEX

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.034% cheaper against Aftermath Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	745.70	0.0077	pay 0.0010% / 1h	58m 47s	$51K	$91K	10x
Short	SoDEX META-USD	745.45	0.0077	get 0.0010% / 1h	58m 47s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.09
Price spread: −0.034% → 0.000%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Aftermath Perps and SoDEX: 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	745.69	−0.002%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	−0.121%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.25	−0.061%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.57	−0.018%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.55	−0.020%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.50	−0.027%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.38	−0.043%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.37	−0.044%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	−0.140%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.78	−0.123%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.72	+0.002%	$828	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.38	−0.043%	$36K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.69	−0.002%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.59	−0.015%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.56	−0.019%	$809K	$2.8M	20x	as long as short
Nado META-PERP	+0.0032%	1h	745.48	−0.029%	$479K	$559K	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.81	+0.015%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.39	−0.042%	$112K	$324K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.02	+0.043%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.83	+0.017%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.58	−0.016%	$567K	$614K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.54	−0.156%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.83	+0.018%	—	—	5x	as long as short
SoDEX META-USDshort	+0.0077%	1h	745.45	−0.034%	$25K	$3K	10x
Aftermath Perps METAUSDlong	+0.0077%	1h	745.70	long leg	$51K	$91K	10x
edgeX METAUSDC	+0.0085%	4h	744.62	−0.145%	$63K	$349K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.09	−0.216%	$640K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.01	−0.092%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.16	−0.073%	$1.6M	$799K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.70	−0.268%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.37	−0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.45	−0.034%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.81	+0.015%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.084%	$176K	$52K	30x	as long as short
tradeXYZ xyz:META	+0.0286%	1h	745.31	−0.053%	$86.3M	$134.6M	20x	as long as short
Lighter META	+0.0288%	1h	745.67	−0.004%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.021%	$796K	$1.5M	20x	as long as short