Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: SunX against Aevo+0.046%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 SunX

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. SunX is 0.046% dearer against Aevo than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	745.47	0.0104	pay 0.0013% / 1h	44m 42s	$268	—	10x
Short	SunX META-USDT	745.81	0	get 0.0000% / 8h	2h 44m	$823	$8.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21.84
Price spread: +0.046% → 0.000%: $4.57
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$41.27
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	28.11 bp	32.1 bp −$32	doesn't fit	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-USDT	−0.0120%	8h	745.65	+0.024%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.12	+0.087%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.26	−0.028%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.62	+0.020%	$28.3M	$181.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.50	+0.004%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.60	+0.018%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.11	−0.048%	$435K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.64	+0.024%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.37	−0.013%	$12K	$450K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	745.81	+0.046%	$823	$8.5M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX META-USDT	0.0000%	8h	745.54	+0.009%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.91	+0.059%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.20	−0.036%	$111K	$331K	10x	as long as short
Bitget METAUSDT	+0.0044%	8h	745.58	+0.015%	$5.4M	$11.9M	100x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.70	+0.031%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.62	+0.020%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.26	−0.028%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.62	+0.020%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.80	−0.090%	$758K	$4.5M	10x	as long as short
Nado META-PERP	+0.0055%	1h	745.04	−0.057%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0056%	1h	745.76	+0.039%	$770K	$2.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0072%	1h	745.25	−0.029%	$31K	$256K	10x	as long as short
Paradex META-USD-PERP	+0.0079%	8h	745.41	−0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.110%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.65	+0.024%	$1.6M	$634K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.41	−0.142%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	745.47	long leg	$268	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.126%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0136%	1h	745.77	+0.040%	$179K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.397%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0361%	4h	745.34	−0.017%	$62K	$340K	10x	as long as short
Lighter META	+0.0384%	1h	745.83	+0.048%	$984K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.82	+0.047%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0522%	1h	745.75	+0.038%	$72.5M	$122.9M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.165%	$797K	$1.4M	20x	as long as short