Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.038%

Price spread now: Aftermath Perps against Gate+0.123%7-day average — · you sell dearer than you buy

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

Long on Gate 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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aftermath Perps is 0.123% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.47	0	get 0.0000% / 8h	1h 48m	$435K	$6.0M	100x
Short	Aftermath Perps METAUSD	746.39	0.0084	get 0.0011% / 1h	48m 27s	$52K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now +0.123%Rate

Funding earned: $17.73
Price spread: +0.123% → 0.000%: $12.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $6.02
Costs to cover: 0.240%
Break-even: 4.6 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	3.69 bp	23.6 bp −$24	35.0 bp −$350	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 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	746.00	+0.071%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	745.55	+0.011%	$483K	$558K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.32	−0.021%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.71	+0.032%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.66	+0.025%	$26.6M	$187.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.49	+0.003%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.76	+0.039%	$6.1M	$12.7M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	745.47	long leg	$435K	$6.0M	100x
Bitget METAUSDT	0.0000%	8h	745.82	+0.047%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.83	+0.048%	$2.4M	$3.3M	—	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	746.06	+0.079%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.78	+0.042%	$801	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.61	+0.019%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.01	+0.072%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0003%	4h	745.95	+0.065%	$62K	$343K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.61	+0.019%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.96	+0.066%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.44	−0.004%	$110K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.92	+0.060%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.67	+0.027%	$177K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.13	−0.046%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.67	+0.027%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.03	−0.059%	$720K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.67	+0.027%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0072%	1h	745.31	−0.021%	$34K	$270K	10x	as long as short
Aftermath Perps METAUSDshort	+0.0084%	1h	746.39	+0.123%	$52K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	745.69	+0.030%	$1.6M	$667K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	+0.019%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.70	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	0.000%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.005%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+1.025%	$174K	$46K	30x	as long as short
Lighter META	+0.0400%	1h	746.24	+0.103%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	746.32	+0.114%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0562%	1h	745.98	+0.068%	$76.8M	$126.8M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.241%	$798K	$1.5M	20x	as long as short