Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.051%

Price spread now: BloFin against SoDEX+0.030%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on BloFin

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—needs both histories

The price spread pays, funding is against you. BloFin is 0.030% dearer against SoDEX than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	743.78	0.0050	pay 0.0006% / 1h	42m 18s	$24K	$3K	10x
Short	BloFin META-USDT	744.00	−0.0120	pay 0.0120% / 8h	7h 42m	$333K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$35.7
Price spread: +0.030% → 0.000%: $2.96
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$52.74
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 5 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.07 bp	6.9 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit

SoDEX: 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-USDTshort	−0.0120%	8h	744.00	+0.030%	$333K	$1.1M	20x
Nado META-PERP	−0.0039%	1h	742.94	−0.113%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.030%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.10	−0.092%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.17	−0.082%	$25.8M	$191.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.83	−0.128%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.94	−0.113%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.11	−0.090%	$473K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.02	−0.102%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	+0.140%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.99	+0.163%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.17	+0.052%	$984	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.60	−0.024%	$53K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.87	+0.012%	$107K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.01	+0.165%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.48	−0.040%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.16	−0.083%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.90	−0.118%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.55	−0.031%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.25	−0.071%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.70	−0.145%	$565K	$619K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	743.78	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	742.88	−0.121%	$724K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	742.96	−0.110%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.45	+0.090%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	743.30	−0.065%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.51	−0.036%	$1.6M	$757K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.57	+0.106%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.34	−0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.23	−0.074%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	+0.097%	$652K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.91	+0.555%	$177K	$52K	30x	as long as short
Lighter META	+0.0240%	1h	743.61	−0.023%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0256%	1h	743.23	−0.074%	$84.1M	$132.9M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.187%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0632%	4h	744.97	+0.160%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.320%	$797K	$1.5M	20x	as long as short