Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.036%

Price spread now: BloFin against Aevo−0.052%53s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on BloFin

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.052% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	743.82	0.0104	pay 0.0013% / 1h	25m 22s	$268	—	10x
Short	BloFin META-USDT	743.43	−0.0120	pay 0.0120% / 8h	2h 25m	$331K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$47.04
Price spread: −0.052% → 0.000%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$80.25
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.07 bp	8.2 bp −$8	11.0 bp −$110	doesn't fit	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 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-USDTshort	−0.0120%	8h	743.43	−0.052%	$331K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	744.42	+0.081%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.84	+0.003%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.92	+0.014%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.76	−0.008%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.98	+0.022%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.34	−0.064%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.10	+0.038%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.017%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.096%	$12K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.19	+0.050%	$528	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.56	−0.035%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.69	−0.017%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.44	−0.051%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0022%	1h	743.82	0.000%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.18	+0.049%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.10	−0.097%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.37	+0.074%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.00	+0.024%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.08	+0.035%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.024%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.86	+0.006%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.41	−0.055%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	744.00	+0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.01	+0.026%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.85	+0.004%	$1.6M	$644K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.107%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	743.82	long leg	$268	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	743.48	−0.045%	$658K	$7.7M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.075%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.280%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.34	+0.070%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	+0.024%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0439%	1h	744.09	+0.037%	$74.7M	$125.0M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.045%	$795K	$1.4M	20x	as long as short