Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.031%

Price spread now: Aftermath Perps against OKX+0.101%7-day average — · you sell dearer than you buy

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

Long on OKX 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 +$3 a day on $10k at the current rate, and Aftermath Perps is 0.101% dearer against OKX than usual: you sell high and buy low: +$10 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	OKX META-USDT-SWAP	744.46	0	get 0.0000% / 8h	3h 54m	$6.0M	$13.6M	20x
Short	Aftermath Perps METAUSD	745.21	0.0084	get 0.0011% / 1h	54m 33s	$52K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.101%Rate

Funding earned: $17.7
Price spread: +0.101% → 0.000%: $10.05
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $8.76
Costs to cover: 0.190%
Break-even: 3.5 days

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	1.54 bp	9.0 bp −$9	20.3 bp −$203	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	744.51	+0.007%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0028%	1h	744.15	−0.042%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.23	−0.030%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.30	−0.021%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.56	+0.014%	$28.4M	$183.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.37	−0.012%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	744.46	long leg	$6.0M	$13.6M	20x
Gate META_USDT	0.0000%	8h	744.06	−0.054%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.50	+0.005%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	+0.033%	$2.4M	$3.2M	—	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	744.96	+0.067%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.48	+0.003%	$876	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.97	−0.066%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.33	−0.017%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.83	+0.050%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.66	+0.027%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.28	−0.024%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.65	+0.026%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.51	+0.007%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.21	−0.034%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.49	+0.004%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.84	−0.083%	$819K	$4.7M	10x	as long as short
QFEX META-USD	+0.0058%	1h	744.33	−0.017%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSDshort	+0.0084%	1h	745.21	+0.101%	$52K	$82K	10x
KuCoin METAUSDTM	+0.0100%	8h	744.63	+0.023%	$1.6M	$593K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.24	−0.030%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.49	+0.004%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0101%	8h	744.18	−0.038%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	744.41	−0.007%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.22	−0.032%	$616K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	744.42	−0.005%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.44	−0.003%	$172K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	744.63	+0.023%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0322%	1h	744.50	+0.005%	$69.9M	$120.9M	20x	as long as short
Phoenix META	+0.0591%	1h	745.89	+0.192%	$745K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0811%	4h	744.82	+0.048%	$62K	$336K	10x	as long as short