Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.024%

Price spread now: Aevo against OKX−0.002%7-day average — · you buy dearer than you sell

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

Long on OKX 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—needs 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	740.11	0	get 0.0000% / 8h	6h 21m	$5.9M	$13.3M	20x
Short	Aevo META-PERP	740.10	0.0104	get 0.0013% / 1h	21m 59s	$266	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.002%Rate

Funding earned: $21.84
Price spread: −0.002% → 0.000%: −$0.19
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.35
Costs to cover: 0.260%
Break-even: 8.4 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	1.49 bp	7.9 bp −$8	20.0 bp −$200	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 35 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
Nado META-PERP	−0.0130%	1h	739.31	−0.108%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.39	+0.038%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.11	+0.001%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.31	+0.027%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.11	0.000%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	740.11	long leg	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.13	+0.003%	$353K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.023%	$5.5M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	740.67	+0.076%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.40	+0.040%	$12K	$431K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.08	−0.004%	$717	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.91	−0.027%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	+0.011%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.092%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.16	+0.007%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.37	+0.035%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.09	−0.003%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.40	+0.039%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.27	+0.022%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.10	−0.001%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.31	+0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.016%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.71	−0.054%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.81	+0.095%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.30	+0.026%	$1.6M	$484K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.032%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	740.10	−0.002%	$266	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.074%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0128%	1h	740.42	+0.042%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.43	+0.043%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.312%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.30	+0.026%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.153%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0851%	4h	740.34	+0.032%	$62K	$334K	10x	as long as short