Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.091%

Price spread now: edgeX against SoDEX−0.043%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.043% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	747.52	0.0050	pay 0.0006% / 1h	12m 28s	$25K	$3K	10x
Short	edgeX METAUSDC	747.20	0.0185	get 0.0093% / 4h	12m 28s	$62K	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $28.38
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.11
Costs to cover: 0.170%
Break-even: 5.2 days

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 26 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 edgeX live order book, 26 min ago	5.50 bp	10.1 bp −$10	11.6 bp −$116	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-USDT	−0.0120%	8h	747.65	+0.017%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.72	−0.108%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.27	−0.034%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.33	−0.025%	$25.4M	$189.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.34	−0.024%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.49	−0.004%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.03	−0.066%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.47	−0.007%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	−0.142%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.41	−0.014%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.85	+0.044%	$846	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.47	−0.007%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.52	0.000%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0019%	1h	746.79	−0.097%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.32	−0.027%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.63	+0.015%	$798K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.05	−0.063%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.68	+0.021%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.03	−0.066%	$568K	$625K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	747.52	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	747.23	−0.039%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	747.31	−0.028%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	747.41	−0.015%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.84	+0.042%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.50	−0.003%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.04	−0.064%	$1.6M	$723K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.69	−0.111%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.30	−0.029%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.27	−0.034%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	747.27	−0.033%	$643K	$7.9M	10x	as long as short
edgeX METAUSDCshort	+0.0185%	4h	747.20	−0.043%	$62K	$346K	10x
Deribit META_USDC-PERPETUAL	+0.0192%	1h	747.06	−0.062%	$34K	$276K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.10	+0.078%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.76	+0.032%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.75	+0.031%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0573%	1h	747.70	+0.024%	$83.5M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.05	+0.071%	$799K	$1.5M	20x	as long as short