Settings8H · net · $10k
Funding arb · Price arb /

META

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRnext payment $0.07 per $10,000 · paid last 24h −0.016%
Price spread now: Ondo Perps against Aevo−0.036%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.036% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo META-PERP741.590.0104pay 0.0013% / 1h51m 51s$26710x
ShortOndo Perps META-USD.P741.320.0050get 0.0006% / 1h51m 51s$703K$4.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$11.26
Price spread: −0.036% → 0.000%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$35.88
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Ondo Perps no order-book sample
Aevo and Ondo Perps: 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 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado META-PERP−0.0064%1h741.46−0.018%$479K$549K20xas long as short
Aster METAUSDT0.0000%8h741.52−0.010%$466K$549K20xas long as short
Extended META_24_5-USD0.0000%1h741.62+0.005%$548K$2.7M17xas long as short
Binance METAUSDT0.0000%8h741.88+0.039%$27.3M$178.9M20xas long as short
Bybit METAUSDT0.0000%8h741.75+0.022%$7.5M$13.7M100xas long as short
OKX META-USDT-SWAP0.0000%8h741.75+0.022%$5.9M$13.3M20xas long as short
Gate META_USDT0.0000%8h741.58−0.001%$356K$5.6M100xas long as short
Bitget METAUSDT0.0000%8h741.94+0.047%$5.4M$11.3M100xas long as short
Variational Omni META0.0000%8h741.87+0.038%$2.3M$3.1Mas long as short
GRVT META_USDT_Perp0.0000%8h742.09+0.067%$12K$430K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX META-USDT0.0000%8h741.78+0.026%$780$9.1M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h741.45−0.019%$31K$245K10xas long as short
HTX META-USDT0.0000%8h741.590.000%$106K$296K30xas long as short
Phemex METAUSDT0.0000%4h742.08+0.066%$2.0M$8K10xas long as short
Lighter RH META+0.0032%1h742.03+0.060%$763K$3.0M20xas long as short
QFEX META-USD+0.0032%1h741.74+0.020%$2.1M$13.7M10xas long as short
Arcus META-USD+0.0040%1h741.38−0.028%$110K$330K10xas long as short
Vest META-USD-PERP+0.0046%1h742.12+0.072%$10K25xas long as short
Popdex METAUSDT+0.0048%1h741.94+0.047%$178K$199K20xas long as short
Polymarket Perps META-USD+0.0050%1h741.75+0.022%$559K$548K10xas long as short
SoDEX META-USD+0.0050%1h741.88+0.039%$24K$3K10xas long as short
Ondo Perps META-USD.Pshort+0.0050%1h741.32−0.036%$703K$4.2M10x
Paradex META-USD-PERP+0.0056%8h741.65+0.008%5xas long as short
Aftermath Perps METAUSD+0.0071%1h742.58+0.133%$49K$81K10xas long as short
Coinbase International META-PERP-INTX+0.0096%1h741.82+0.031%$610K$7.1M10xas long as short
KuCoin METAUSDTM+0.0100%8h741.87+0.038%$1.6M$504K20xas long as short
ApeX Omni METAUSDT+0.0100%1h741.40−0.025%$166K$71K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h741.74+0.020%$1K$2410xas long as short
Aevo META-PERPlong+0.0104%1h741.59long leg$26710x
edgeX METAUSDC+0.0192%4h741.75+0.022%$62K$335K10xas long as short
Hotstuff META-PERP+0.0216%1h741.91+0.043%$33K$10520xas long as short
Injective META/USDC PERP+0.0220%1h740.66−0.125%$171K$48K30xas long as short
Lighter META+0.0224%1h742.02+0.058%$861K$2.4M20xas long as short
tradeXYZ xyz:META+0.0324%1h742.03+0.060%$68.7M$119.7M20xas long as short
Phoenix META+0.0496%1h742.71+0.151%$487K$1.1M20xas long as short