Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0104%/8hpaid last 24h −0.024%

Price spread now: OKX against Aevo−0.193%50s7-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 OKX

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 −$3 a day on $10k at the current rate, and OKX is 0.193% cheaper against Aevo than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	751.17	0.0104	pay 0.0013% / 1h	21m 34s	$270	—	10x
Short	OKX META-USDT-SWAP	749.72	0	get 0.0000% / 8h	4h 21m	$6.1M	$12.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$21.84
Price spread: −0.193% → 0.000%: −$19.34
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$67.18
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.40 bp	8.8 bp −$9	17.5 bp −$175	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
Hotstuff META-PERP	−0.0128%	1h	749.81	−0.181%	$34K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	751.70	+0.070%	$337K	$1.1M	20x	as long as short
Phoenix META	−0.0021%	1h	746.59	−0.610%	$315K	$622K	20x	as long as short
Nado META-PERP	−0.0001%	1h	750.67	−0.067%	$402K	$227K	20x	as long as short
Aster METAUSDT	0.0000%	8h	750.11	−0.142%	$461K	$451K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	749.82	−0.180%	$561K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	749.96	−0.161%	$28.1M	$164.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	750.01	−0.155%	$8.1M	$12.8M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	749.72	−0.193%	$6.1M	$12.7M	20x
Gate META_USDT	0.0000%	8h	749.61	−0.208%	$336K	$5.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METAUSDT	0.0000%	8h	749.70	−0.196%	$6.0M	$9.8M	100x	as long as short
Variational Omni META	0.0000%	8h	749.56	−0.215%	$1.6M	$2.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	751.51	+0.045%	$13K	$528K	10x	as long as short
SunX META-USDT	0.0000%	8h	751.30	+0.017%	$782	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	751.15	−0.003%	$107K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	751.69	+0.069%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	749.99	−0.158%	$2.3M	$13.5M	10x	as long as short
Lighter META	+0.0032%	1h	750.10	−0.143%	$877K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	750.11	−0.142%	$741K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	751.86	+0.091%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	749.89	−0.171%	$175K	$194K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	751.10	−0.010%	$651K	$6.9M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	749.93	−0.165%	$72.1M	$111.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	751.12	−0.007%	$547K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	751.37	+0.026%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	749.47	−0.227%	$716K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	749.89	−0.170%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	749.65	−0.203%	$1.6M	$301K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	749.92	−0.167%	$168K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	751.29	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	751.17	long leg	$270	—	10x
Arcus META-USD	+0.0128%	1h	749.79	−0.184%	$266K	$311K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	752.38	+0.161%	$171K	$43K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0269%	1h	751.27	+0.013%	$28K	$259K	10x	as long as short
edgeX METAUSDC	+0.0272%	4h	752.12	+0.126%	$63K	$329K	10x	as long as short
Aftermath Perps METAUSD	+0.0337%	1h	750.16	−0.135%	$42K	$49K	10x	as long as short