Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: OKX against SoDEX−0.004%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 OKX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	740.61	0.0050	pay 0.0006% / 1h	47m 37s	$24K	$3K	10x
Short	OKX META-USDT-SWAP	740.58	0	get 0.0000% / 8h	5h 47m	$6.0M	$12.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$10.5
Price spread: −0.004% → 0.000%: −$0.41
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.34 bp	9.4 bp −$9	19.3 bp −$193	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 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.40	+0.242%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0113%	8h	740.93	+0.043%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	+0.053%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.71	+0.014%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.07	+0.062%	$25.8M	$192.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.64	+0.004%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.58	−0.004%	$6.0M	$12.9M	20x
Gate META_USDT	0.0000%	8h	740.63	+0.003%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.82	+0.028%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.83	+0.164%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.36	+0.237%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.03	+0.057%	$992	$7.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.67	+0.008%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.30	+0.093%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0007%	1h	740.36	−0.034%	$36K	$257K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.06	+0.061%	$861K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.92	+0.042%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.57	−0.005%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.93	+0.043%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.30	−0.042%	$558K	$612K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	740.61	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	740.29	−0.043%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.72	+0.015%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.26	−0.047%	$648K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.26	+0.088%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	740.48	−0.018%	$604	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.87	+0.035%	$1.6M	$879K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.45	+0.113%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.67	+0.008%	$1K	$24	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	740.98	+0.050%	$178K	$201K	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.50	−0.014%	$267	—	10x	as long as short
Nado META-PERP	+0.0127%	1h	740.46	−0.021%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.424%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	740.90	+0.039%	$86.0M	$135.4M	20x	as long as short
Lighter META	+0.0376%	1h	741.08	+0.063%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	743.01	+0.324%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	742.11	+0.203%	$62K	$349K	10x	as long as short