Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.018%

Price spread now: Aftermath Perps against GRVT−0.172%7-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 Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Aftermath Perps is 0.172% cheaper against GRVT than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	747.70	0	get 0.0000% / 8h	7h 58m	$12K	$439K	10x
Short	Aftermath Perps METAUSD	746.41	0.0087	get 0.0011% / 1h	58m 39s	$49K	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.172%Rate

Funding earned: $18.33
Price spread: −0.172% → 0.000%: −$17.22
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$16.89
Costs to cover: 0.180%
Break-even: 13.5 days

Slippage unknown: GRVT: live order book, 39 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 GRVT live order book, 39 min ago	0.94 bp	8.4 bp −$8	16.4 bp −$164	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 37 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	745.35	−0.314%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.99	−0.229%	$480K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.12	−0.344%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.28	−0.324%	$25.4M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.12	−0.345%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.25	−0.327%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.26	−0.326%	$476K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.23	−0.330%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.50	−0.026%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perplong	0.0000%	8h	747.70	long leg	$12K	$439K	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.80	−0.254%	$693	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.80	−0.254%	$50K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.34	−0.182%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	−0.203%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0027%	1h	744.76	−0.393%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.01	−0.360%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.88	−0.377%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.68	−0.270%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.02	−0.358%	$567K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.29	−0.322%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.30	−0.321%	$729K	$5.2M	10x	as long as short
Popdex METAUSDT	+0.0056%	1h	745.25	−0.327%	$177K	$202K	20x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	744.97	−0.365%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0087%	1h	746.41	−0.172%	$49K	$91K	10x
Pacifica META	+0.0100%	1h	745.33	−0.316%	$632	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.68	−0.270%	$1.6M	$735K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.64	−0.142%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.97	−0.231%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.77	−0.259%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	745.39	−0.309%	$642K	$7.9M	10x	as long as short
Lighter RH META	+0.0168%	1h	745.52	−0.291%	$795K	$2.9M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	−0.159%	$176K	$52K	30x	as long as short
Lighter META	+0.0272%	1h	745.71	−0.266%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0531%	1h	745.48	−0.297%	$84.5M	$132.7M	20x	as long as short
Hotstuff META-PERP	+0.0552%	1h	745.42	−0.305%	$33K	$105	20x	as long as short
Phoenix META	+0.0750%	1h	748.38	+0.091%	$799K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0907%	4h	746.95	−0.101%	$62K	$345K	10x	as long as short