Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.009%

Price spread now: Aevo against GRVT−0.013%71s7-day average — · you buy dearer than you sell

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

Long on GRVT 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—+ Points / potential airdropGRVT: 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: +$3 a day on $10k at the current rate. The two prices were read 71 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	GRVT META_USDT_Perp	743.82	0	get 0.0000% / 8h	2h 15m	$12K	$443K	10x
Short	Aevo META-PERP	743.72	0.0104	get 0.0013% / 1h	15m 43s	$268	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.013%Rate

Funding earned: $21.84
Price spread: −0.013% → 0.000%: −$1.31
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.47
Costs to cover: 0.250%
Break-even: 8.4 days

Slippage unknown: GRVT: live order book, 32 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 GRVT live order book, 32 min ago	1.14 bp	10.5 bp −$10	21.3 bp −$213	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 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	743.79	−0.004%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.06	+0.033%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.69	−0.017%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.98	+0.022%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.74	−0.011%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.16	+0.046%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.42	−0.054%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.95	+0.017%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	0.000%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perplong	0.0000%	8h	743.82	long leg	$12K	$443K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.05	+0.031%	$681	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.066%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.81	−0.001%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.20	+0.051%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0013%	1h	743.48	−0.046%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.29	+0.063%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.39	−0.058%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.18	+0.048%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.89	+0.009%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.99	+0.023%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.52	−0.040%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.90	+0.011%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.067%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.46	−0.048%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.44	+0.083%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.74	−0.011%	$1.6M	$652K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.109%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.94	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	743.72	−0.013%	$268	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.052%	$654K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0187%	4h	743.65	−0.023%	$62K	$340K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.294%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.33	+0.069%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.02	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0446%	1h	744.36	+0.073%	$75.3M	$125.4M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.144%	$795K	$1.4M	20x	as long as short