Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.042%

Price spread now: Aftermath Perps against Gate+0.129%7-day average — · you sell dearer than you buy

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

Long on Gate 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 0.129% dearer against Gate than usual: you sell high and buy low: +$13 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	Gate META_USDT	740.02	0	get 0.0000% / 8h	1h 42m	$321K	$5.4M	100x
Short	Aftermath Perps METAUSD	740.97	0.0055	get 0.0007% / 1h	42m 33s	$48K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now +0.129%Rate

Funding earned: $11.59
Price spread: +0.129% → 0.000%: $12.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $0.48
Costs to cover: 0.240%
Break-even: 6.7 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	7.64 bp	16.1 bp −$16	33.0 bp −$330	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	740.31	+0.039%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0067%	1h	740.01	−0.001%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.88	+0.116%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.16	+0.019%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.33	+0.041%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.26	+0.032%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.10	+0.011%	$6.0M	$13.1M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	740.02	long leg	$321K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	740.31	+0.039%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.45	+0.058%	$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	740.60	+0.078%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.57	+0.074%	$630	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.08	+0.008%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.16	+0.019%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.068%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.19	+0.023%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.51	+0.066%	$743K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0040%	1h	740.36	+0.046%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.06	+0.005%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.076%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.32	+0.041%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.37	+0.047%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.23	+0.028%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.02	−0.001%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.34	+0.043%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSDshort	+0.0055%	1h	740.97	+0.129%	$48K	$62K	10x
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.119%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.46	+0.059%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	740.46	+0.059%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.20	+0.024%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.17	+0.020%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.13	+0.016%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0135%	1h	740.35	+0.045%	$68.4M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.38	+0.049%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0903%	4h	740.43	+0.056%	$62K	$331K	10x	as long as short