Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0466%/8h= −51.0% APRpaid last 24h −0.067%

Price spread now: Orderly against edgeX+0.016%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Orderly

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—+ Points / potential airdropedgeX: Active · farm boardneeds 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: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	741.12	0.0566	pay 0.0283% / 4h	1h 27m	$62K	$332K	10x
Short	Orderly PERP_META_USDC_mythos	741.24	0.0100	get 0.0100% / 8h	1h 27m	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.016%Rate

Funding earned: −$97.76
Price spread: +0.016% → 0.000%: $1.56
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$111.2
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 56 min ago; Orderly: 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 edgeX live order book, 56 min ago	5.13 bp	9.7 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	741.33	+0.028%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0085%	1h	741.30	+0.024%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.086%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.19	+0.008%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.33	+0.027%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	+0.026%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.36	+0.032%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.76	−0.049%	$343K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.40	+0.037%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.068%	$1.6M	$2.6M	—	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	741.30	+0.024%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.58	+0.061%	$909	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.41	+0.039%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.09	−0.005%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.39	+0.036%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.09	−0.005%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.68	+0.075%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.85	−0.037%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.80	+0.091%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.29	+0.022%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.34	+0.029%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.35	+0.030%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.17	+0.006%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	+0.007%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.60	+0.064%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.65	+0.071%	$862K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0064%	1h	741.43	+0.041%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.029%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	−0.001%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0095%	1h	741.49	+0.049%	$68.6M	$121.0M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.22	+0.013%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.02	−0.014%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	741.24	+0.016%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	741.14	+0.002%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.073%	$169K	$46K	30x	as long as short
edgeX METAUSDClong	+0.0566%	4h	741.12	long leg	$62K	$332K	10x