Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.066%

Price spread now: Aftermath Perps against edgeX+0.148%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Aftermath Perps

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

The price spread pays, funding is against you. Aftermath Perps is 0.148% dearer against edgeX than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	744.79	0.0133	pay 0.0066% / 4h	1h 15m	$62K	$345K	10x
Short	Aftermath Perps METAUSD	745.89	0.0086	get 0.0011% / 1h	15m 15s	$52K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$9.9
Price spread: +0.148% → 0.000%: $14.77
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$13.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 28 min ago; Aftermath Perps: 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, 28 min ago	5.17 bp	9.8 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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 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	744.93	+0.019%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0040%	1h	744.71	−0.011%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.10	+0.041%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.63	−0.021%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.81	+0.003%	$24.9M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.69	−0.014%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.01	+0.029%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.40	−0.053%	$462K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.97	+0.024%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	−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	+0.009%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.70	−0.012%	$961	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.37	−0.057%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.90	+0.015%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.93	+0.019%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.57	−0.030%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.14	+0.047%	$855K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.68	−0.015%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.29	+0.067%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.90	+0.015%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.34	−0.061%	$578K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.83	+0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.35	−0.059%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.70	−0.012%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0086%	1h	745.89	+0.148%	$52K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	744.78	−0.001%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.42	−0.050%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.76	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.59	−0.027%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.008%	$650K	$7.9M	10x	as long as short
edgeX METAUSDClong	+0.0133%	4h	744.79	long leg	$62K	$345K	10x
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.342%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.29	+0.067%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.54	+0.101%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.28	+0.066%	$78.1M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.42	+0.219%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.06	+0.036%	$16	$103	10x	as long as short