Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0648%/8h= +71.0% APRpaid last 24h +0.055%

Price spread now: edgeX against Aftermath Perps−0.047%68s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.047% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$19 a day). The two prices were read 68 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	Aftermath Perps METAUSD	743.70	0.0062	pay 0.0008% / 1h	38m 01s	$49K	$75K	10x
Short	edgeX METAUSDC	743.35	0.0710	get 0.0355% / 4h	38m 01s	$62K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aftermath Perps. 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 Aftermath PerpsbpFee edgeXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $136.16
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $113.47
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: Aftermath Perps: no order-book sample; edgeX: live order book, 40 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 40 min ago	5.13 bp	9.7 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

Aftermath 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 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	743.43	−0.036%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0073%	1h	742.94	−0.103%	$391K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.32	−0.051%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.78	−0.123%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.91	−0.107%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.74	−0.129%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.91	−0.106%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.40	−0.175%	$346K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.76	−0.127%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	−0.051%	$2.3M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.64	−0.008%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.79	−0.123%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.64	−0.143%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.51	−0.026%	$2.0M	$7K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0006%	1h	742.49	−0.163%	$30K	$257K	10x	as long as short
QFEX META-USD	+0.0027%	1h	742.69	−0.136%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.91	−0.106%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.35	−0.182%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.29	−0.055%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.90	−0.108%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.79	−0.123%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.84	−0.116%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.28	−0.191%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.75	−0.128%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0062%	1h	743.70	long leg	$49K	$75K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.057%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.74	−0.129%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	−0.097%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.87	−0.112%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.86	−0.113%	$267	—	10x	as long as short
Lighter META	+0.0128%	1h	742.86	−0.113%	$859K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.021%	$293K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0144%	1h	742.88	−0.110%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.286%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0232%	1h	742.91	−0.106%	$67.6M	$122.3M	20x	as long as short
edgeX METAUSDCshort	+0.0710%	4h	743.35	−0.047%	$62K	$331K	10x