Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h 0.000%

Price spread now: Aevo against Binance−0.019%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	744.89	0	get 0.0000% / 8h	1h 15m	$24.9M	$188.2M	20x
Short	Aevo META-PERP	744.75	0.0104	get 0.0013% / 1h	15m 52s	$268	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.019%Rate

Funding earned: $21.84
Price spread: −0.019% → 0.000%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.11
Costs to cover: 0.260%
Break-even: 9.0 days

Slippage unknown: Binance: live order book, 12 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 12 min ago	0.07 bp	6.6 bp −$7	15.5 bp −$155	54.3 bp −$5,429	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 37 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	744.83	−0.008%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0041%	1h	744.71	−0.025%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.29	+0.053%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.71	−0.025%	$548K	$1.8M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	744.89	long leg	$24.9M	$188.2M	20x
Bybit METAUSDT	0.0000%	8h	744.82	−0.010%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.05	+0.021%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.48	−0.055%	$462K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.98	+0.012%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.80	−0.012%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.86	−0.005%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.73	−0.022%	$763	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.45	−0.059%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.70	−0.026%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.93	+0.005%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.76	−0.018%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.34	+0.060%	$855K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.64	−0.034%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	+0.088%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.83	−0.008%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.60	−0.039%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.86	−0.004%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.35	−0.073%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.89	0.000%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.76	+0.116%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.86	−0.004%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.29	−0.081%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.83	−0.008%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	744.75	−0.019%	$268	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.022%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.329%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.45	+0.075%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.55	+0.088%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0488%	1h	745.44	+0.074%	$78.0M	$127.7M	20x	as long as short
edgeX METAUSDC	+0.0678%	4h	744.71	−0.024%	$62K	$344K	10x	as long as short
Phoenix META	+0.0739%	1h	746.42	+0.205%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.09	+0.027%	$16	$103	10x	as long as short