Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Orderly−0.010%7-day average — · you buy dearer than you sell

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

Long on Orderly 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	741.28	0.0100	pay 0.0100% / 8h	1h 28m	$1K	$24	10x
Short	Aevo META-PERP	741.20	0.0104	get 0.0013% / 1h	28m 25s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now −0.010%Rate

Funding earned: $0.84
Price spread: −0.010% → 0.000%: −$1.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.17
Costs to cover: 0.220%
Break-even: 191.8 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and 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	741.34	+0.008%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0084%	1h	741.43	+0.021%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.065%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.22	−0.008%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.37	+0.012%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.38	+0.013%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.32	+0.005%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.88	−0.054%	$343K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.45	+0.023%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.089%	$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	740.92	−0.049%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.66	+0.051%	$957	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.42	+0.019%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.25	−0.004%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.19	−0.012%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.35	+0.009%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.71	+0.058%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.93	−0.047%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.96	+0.092%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.38	+0.013%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.40	+0.016%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.09	−0.026%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.28	0.000%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	−0.119%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.46	+0.024%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.68	+0.054%	$863K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.050%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	−0.022%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0097%	1h	741.55	+0.036%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.31	+0.004%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.52	−0.103%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	741.28	long leg	$1K	$24	10x
Aevo META-PERPshort	+0.0104%	1h	741.20	−0.010%	$267	—	10x
Hotstuff META-PERP	+0.0128%	1h	741.51	+0.031%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.094%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0246%	4h	740.42	−0.116%	$62K	$331K	10x	as long as short