Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.027%

Price spread now: Bitget against Aevo+0.035%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.035% dearer against Aevo than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	747.27	0.0104	pay 0.0013% / 1h	13m 19s	$269	—	10x
Short	Bitget METAUSDT	747.53	0	get 0.0000% / 8h	13m 19s	$5.6M	$12.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21.84
Price spread: +0.035% → 0.000%: $3.51
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.33
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.54 bp	10.2 bp −$10	19.3 bp −$193	38.4 bp −$3,845	doesn't fit

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 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	+0.051%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.08	−0.025%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.36	+0.012%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.71	+0.059%	$25.4M	$189.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.38	+0.015%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.61	+0.046%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.03	−0.032%	$475K	$6.3M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	747.53	+0.035%	$5.6M	$12.4M	100x
Variational Omni META	0.0000%	8h	746.46	−0.108%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.41	+0.019%	$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	+0.078%	$846	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.47	+0.027%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.52	+0.034%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0017%	1h	746.84	−0.057%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.56	+0.039%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.59	+0.043%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.97	−0.040%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.92	+0.087%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.14	−0.017%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.52	+0.034%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.23	−0.005%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	747.23	−0.004%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	747.53	+0.035%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.84	+0.076%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	−0.080%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.98	−0.039%	$1.6M	$723K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.69	−0.077%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.30	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	747.27	long leg	$269	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	747.27	0.000%	$643K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0185%	4h	747.20	−0.009%	$62K	$346K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0192%	1h	747.06	−0.028%	$34K	$276K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.10	+0.111%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.72	+0.060%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.74	+0.063%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0572%	1h	748.00	+0.098%	$83.4M	$131.5M	20x	as long as short
Phoenix META	+0.0750%	1h	748.05	+0.105%	$799K	$1.5M	20x	as long as short