Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.008%

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

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

Long on Binance Short on Aftermath Perps

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.075% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread 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	Binance METAUSDT	740.01	0	get 0.0000% / 8h	7h 12m	$27.4M	$179.7M	20x
Short	Aftermath Perps METAUSD	740.57	0.0069	get 0.0009% / 1h	12m 28s	$48K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.075%Rate

Funding earned: $14.53
Price spread: +0.075% → 0.000%: $7.55
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $3.08
Costs to cover: 0.190%
Break-even: 5.5 days

Slippage unknown: Binance: live order book, 16 min ago; Aftermath Perps: 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, 16 min ago	0.07 bp	5.6 bp −$6	12.2 bp −$122	44.6 bp −$4,455	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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
Deribit META_USDC-PERPETUAL	−0.0236%	1h	739.70	−0.042%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.27	+0.035%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.13	+0.017%	$460K	$458K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.94	−0.009%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.90	−0.014%	$550K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	740.01	long leg	$27.4M	$179.7M	20x
Bybit METAUSDT	0.0000%	8h	740.24	+0.031%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.17	+0.022%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.96	−0.006%	$349K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.93	−0.010%	$5.6M	$11.1M	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	740.24	+0.031%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.31	+0.041%	$12K	$459K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.60	+0.080%	$995	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.08	+0.010%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.59	+0.079%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.44	+0.058%	$752K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.045%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.96	−0.006%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.81	−0.027%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.21	+0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.066%	$673K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.78	−0.031%	$2.2M	$14.2M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	739.82	−0.025%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	739.76	−0.033%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSDshort	+0.0069%	1h	740.57	+0.075%	$48K	$80K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.15	+0.019%	$1.6M	$446K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.88	−0.017%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.30	+0.040%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.09	+0.011%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.80	−0.028%	$614K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0163%	1h	739.86	−0.020%	$67.7M	$121.8M	20x	as long as short
Hotstuff META-PERP	+0.0200%	1h	740.21	+0.027%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	740.38	+0.050%	$852K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.267%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.56	+0.075%	$313K	$930K	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	740.25	+0.032%	$62K	$336K	10x	as long as short