Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.078%

Price spread now: Aevo against Binance−0.054%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.054% cheaper against Binance than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	740.66	0	get 0.0000% / 8h	7h 57m	$27.4M	$179.5M	20x
Short	Aevo META-PERP	740.26	0.0104	get 0.0013% / 1h	57m 08s	$266	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.054%Rate

Funding earned: $21.84
Price spread: −0.054% → 0.000%: −$5.35
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.51
Costs to cover: 0.260%
Break-even: 10.0 days

Slippage unknown: Binance: live order book, 1 min ago; Aevo: 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 Binance live order book, 1 min ago	0.07 bp	5.9 bp −$6	18.1 bp −$181	74.9 bp −$7,486	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	740.72	+0.008%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	740.53	−0.018%	$384K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.95	+0.039%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.53	−0.018%	$549K	$1.6M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	740.66	long leg	$27.4M	$179.5M	20x
Bybit METAUSDT	0.0000%	8h	740.44	−0.030%	$7.5M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.72	+0.008%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.39	−0.036%	$354K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.69	+0.004%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.024%	$2.3M	$3.2M	—	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	741.01	+0.047%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.75	+0.012%	$696	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.24	−0.057%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.52	−0.019%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.035%	$2.0M	$7K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.75	+0.012%	$760K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.10	+0.059%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.85	+0.026%	$178K	$194K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.51	−0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.074%	$757K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.97	+0.042%	$2.2M	$14.3M	10x	as long as short
Arcus META-USD	+0.0063%	1h	740.60	−0.008%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	741.17	+0.068%	$51K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	740.96	+0.040%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.86	+0.027%	$1.6M	$409K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.030%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.74	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	740.26	−0.054%	$266	—	10x
Phoenix META	+0.0129%	1h	741.01	+0.047%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	−0.019%	$608K	$7.4M	10x	as long as short
Polymarket Perps META-USD	+0.0158%	1h	740.62	−0.005%	$558K	$857K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.047%	$168K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0272%	1h	740.72	+0.008%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	740.83	+0.023%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0370%	1h	740.47	−0.026%	$67.7M	$122.9M	20x	as long as short
edgeX METAUSDC	+0.0910%	4h	740.71	+0.007%	$62K	$335K	10x	as long as short