Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.067%

Price spread now: Aevo against BloFin−0.093%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.093% cheaper against BloFin than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 33 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	743.56	−0.0120	get 0.0120% / 8h	7h 38m	$334K	$1.1M	20x
Short	Aevo META-PERP	742.87	0.0104	get 0.0013% / 1h	38m 45s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.093%Rate

Funding earned: $47.04
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $9.74
Costs to cover: 0.280%
Break-even: 5.6 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.94 bp	7.6 bp −$8	14.7 bp −$147	doesn't fit	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 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-USDTlong	−0.0120%	8h	743.56	long leg	$334K	$1.1M	20x
Nado META-PERP	−0.0024%	1h	742.99	−0.076%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.22	−0.046%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.14	−0.056%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.44	−0.016%	$25.8M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.16	−0.054%	$7.4M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.51	−0.007%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.97	−0.079%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.49	−0.009%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	−0.078%	$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_Perp	0.0000%	8h	743.97	+0.055%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.66	+0.013%	$723	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.03	−0.071%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.33	−0.031%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.80	+0.032%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.52	−0.005%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.39	−0.023%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.18	−0.051%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.57	+0.001%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.36	−0.027%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.80	−0.102%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.12	−0.059%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.46	−0.148%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.17	−0.052%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.07	+0.069%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.82	−0.100%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.14	−0.056%	$1.6M	$760K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.96	−0.081%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.07	−0.066%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	742.87	−0.093%	$267	—	10x
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	−0.030%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.288%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	743.70	+0.019%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0288%	1h	743.56	0.000%	$84.3M	$132.6M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	743.06	−0.067%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	744.18	+0.083%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0950%	4h	743.04	−0.070%	$63K	$346K	10x	as long as short