Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.074%

Price spread now: Aevo against edgeX−0.030%72s7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aevo is 0.030% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 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	edgeX METAUSDC	746.35	0.0407	pay 0.0204% / 4h	3h 18m	$62K	$338K	10x
Short	Aevo META-PERP	746.13	0.0104	get 0.0013% / 1h	18m 18s	$269	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now −0.030%Rate

Funding earned: −$63.72
Price spread: −0.030% → 0.000%: −$2.96
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$91.68
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 35 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 edgeX live order book, 35 min ago	5.17 bp	9.8 bp −$10	11.4 bp −$114	doesn't fit	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 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	746.13	−0.029%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	745.84	−0.068%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.24	−0.014%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.05	−0.039%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.26	−0.012%	$28.5M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.14	−0.028%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.28	−0.009%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.71	−0.085%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.33	−0.002%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.41	+0.009%	$12K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.12	−0.030%	$726	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.068%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.97	−0.050%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.50	+0.021%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0021%	8h	746.18	−0.022%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.38	+0.004%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.80	−0.073%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.45	+0.014%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.83	−0.069%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.19	−0.021%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.128%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.19	−0.021%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.06	−0.039%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.66	+0.043%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.38	+0.004%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.55	−0.107%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.22	−0.017%	$1K	$24	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	746.24	−0.014%	$180K	$200K	20x	as long as short
Aevo META-PERPshort	+0.0104%	1h	746.13	−0.030%	$269	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.084%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.286%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.21	−0.018%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.33	−0.002%	$866K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0313%	1h	746.34	−0.001%	$70.7M	$121.1M	20x	as long as short
edgeX METAUSDClong	+0.0407%	4h	746.35	long leg	$62K	$338K	10x
Phoenix META	+0.0633%	1h	747.26	+0.122%	$798K	$1.4M	20x	as long as short