Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.016%

Price spread now: Aftermath Perps against Bybit+0.120%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.120% dearer against Bybit than usual: you sell high and buy low: +$12 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	Bybit METAUSDT	740.73	0	get 0.0000% / 8h	1m 45s	$7.5M	$14.0M	100x
Short	Aftermath Perps METAUSD	741.62	0.0074	get 0.0009% / 1h	1m 45s	$50K	$76K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now +0.120%Rate

Funding earned: $15.46
Price spread: +0.120% → 0.000%: $12.02
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $7.48
Costs to cover: 0.200%
Break-even: 3.6 days

Slippage unknown: Bybit: live order book, 7 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 Bybit live order book, 7 min ago	0.07 bp	10.8 bp −$11	20.9 bp −$209	doesn't fit	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
BloFin META-USDT	−0.0120%	8h	741.35	+0.084%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.45	+0.098%	$457K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.91	+0.024%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.09	+0.048%	$27.5M	$180.3M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	740.73	long leg	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	741.01	+0.038%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.68	−0.007%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.96	+0.031%	$5.6M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.49	+0.103%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.63	+0.121%	$12K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.08	+0.047%	$991	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.99	+0.035%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.53	+0.108%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0020%	1h	740.52	−0.029%	$384K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.11	+0.051%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.17	+0.059%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.49	−0.032%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.14	+0.055%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.09	+0.049%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.02	+0.039%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.98	+0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.36	−0.050%	$757K	$4.3M	10x	as long as short
Aftermath Perps METAUSDshort	+0.0074%	1h	741.62	+0.120%	$50K	$76K	10x
Paradex META-USD-PERP	+0.0074%	8h	740.87	+0.019%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0088%	1h	740.70	−0.004%	$30K	$258K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	+0.084%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.98	+0.034%	$1.6M	$405K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.67	−0.008%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.29	+0.076%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.11	+0.052%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.30	+0.077%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0176%	1h	740.99	+0.035%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.21	+0.335%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	740.90	+0.023%	$67.8M	$122.7M	20x	as long as short
Lighter META	+0.0280%	1h	741.25	+0.070%	$859K	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0660%	4h	741.52	+0.106%	$62K	$333K	10x	as long as short