Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.010%

Price spread now: KuCoin against Aftermath Perps−0.060%7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. KuCoin is 0.060% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 7.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	744.45	0.0074	pay 0.0009% / 1h	14m 55s	$52K	$77K	10x
Short	KuCoin METAUSDTM	744.00	0.0100	get 0.0100% / 8h	6h 14m	$1.6M	$843K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $5.41
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$21.62
Costs to cover: 0.210%
Break-even: 35.0 days

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	3.36 bp	33.9 bp −$34	doesn't fit	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 37 exchanges

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	744.22	−0.031%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	+0.101%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.00	−0.060%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.23	−0.029%	$26.0M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.16	−0.039%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.07	−0.051%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.66	−0.106%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.25	−0.027%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.07	−0.052%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.92	−0.071%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.45	0.000%	$1K	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.09	−0.048%	$108K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.25	−0.027%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.15	−0.040%	$821K	$2.8M	20x	as long as short
Nado META-PERP	+0.0039%	1h	743.81	−0.087%	$477K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.77	−0.091%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	744.04	−0.055%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.53	+0.011%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.27	−0.024%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.92	−0.071%	$561K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.14	−0.042%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.51	−0.126%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.99	−0.061%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0074%	1h	744.45	long leg	$52K	$77K	10x
Deribit META_USDC-PERPETUAL	+0.0086%	1h	743.78	−0.090%	$36K	$265K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.78	−0.090%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	744.16	−0.039%	$634	$2K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	744.00	−0.060%	$1.6M	$843K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.29	−0.156%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.04	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.84	−0.081%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	743.98	−0.063%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.23	+0.105%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0251%	1h	744.11	−0.046%	$86.1M	$135.1M	20x	as long as short
Lighter META	+0.0272%	1h	744.27	−0.024%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.36	−0.012%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0820%	4h	743.65	−0.107%	$62K	$349K	10x	as long as short