Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.020%

Price spread now: SoDEX against BloFin+0.004%56s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on SoDEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	743.67	−0.0120	get 0.0120% / 8h	46m 14s	$281K	$1.1M	20x
Short	SoDEX META-USD	743.70	0.0050	get 0.0006% / 1h	46m 14s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $35.7
Price spread: +0.004% → 0.000%: $0.4
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $16.1
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: BloFin: live order book, 1 min ago; 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 BloFin live order book, 1 min ago	0.20 bp	7.0 bp −$7	12.3 bp −$123	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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 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-USDTlong	−0.0120%	8h	743.67	long leg	$281K	$1.1M	20x
Nado META-PERP	−0.0077%	1h	743.54	−0.018%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.27	−0.053%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.54	−0.018%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.76	+0.012%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.59	−0.011%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.91	+0.032%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.39	−0.038%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.76	+0.012%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.094%	$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	743.15	−0.070%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.58	−0.012%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.52	−0.020%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.49	−0.024%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.39	−0.038%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.53	−0.019%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.03	+0.048%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.27	−0.054%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.11	+0.059%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.73	+0.008%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.70	+0.004%	$543K	$841K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	743.70	+0.004%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	743.17	−0.067%	$780K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.65	−0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.69	+0.003%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.052%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.47	−0.027%	$1.6M	$378K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.128%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.63	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.49	−0.025%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0120%	1h	743.88	+0.028%	$33K	$105	20x	as long as short
Phoenix META	+0.0129%	1h	743.34	−0.044%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.98	+0.042%	$865K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0206%	1h	743.89	+0.030%	$67.6M	$122.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.126%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	743.03	−0.086%	$62K	$332K	10x	as long as short