Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against SunX−0.065%7-day average — · you buy dearer than you sell

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

Long on SunX 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

Funding pays, the price is against you. Aevo is 0.065% cheaper against SunX than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	742.68	0	get 0.0000% / 8h	4h 46m	$735	$9.1M	20x
Short	Aevo META-PERP	742.20	0.0104	get 0.0013% / 1h	46m 40s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.065%Rate

Funding earned: $21.84
Price spread: −0.065% → 0.000%: −$6.53
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.69
Costs to cover: 0.240%
Break-even: 9.8 days

Slippage unknown: SunX: live order book, 12 min ago; 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 SunX live order book, 12 min ago	28.17 bp	32.2 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	742.49	−0.026%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	742.01	−0.091%	$480K	$552K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.45	−0.032%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.16	−0.070%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.35	−0.045%	$27.5M	$180.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.05	−0.085%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.25	−0.058%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.92	−0.102%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.48	−0.027%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.77	+0.011%	$2.4M	$3.1M	—	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	743.01	+0.045%	$12K	$434K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	742.68	long leg	$735	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.97	−0.096%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.22	−0.062%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.89	+0.028%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.50	−0.024%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.33	−0.047%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.33	−0.047%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.77	+0.012%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.46	−0.030%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.34	−0.046%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.32	−0.048%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.117%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.09	−0.079%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.37	+0.092%	$50K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.43	−0.034%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.19	−0.066%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	−0.040%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	742.20	−0.065%	$267	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.089%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	742.46	−0.030%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0129%	4h	742.98	+0.040%	$62K	$337K	10x	as long as short
Lighter META	+0.0216%	1h	742.49	−0.026%	$857K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.79	+0.284%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0257%	1h	742.23	−0.061%	$69.4M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.167%	$631K	$1.2M	20x	as long as short