Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.010%

Price spread now: Aftermath Perps against KuCoin+0.132%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aftermath Perps

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

The price spread pays, funding is against you. Aftermath Perps is 0.132% dearer against KuCoin than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	745.24	0.0100	pay 0.0100% / 8h	34m 01s	$1.6M	$717K	20x
Short	Aftermath Perps METAUSD	746.22	0.0087	get 0.0011% / 1h	34m 01s	$48K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against KuCoin. 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 KuCoinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$2.77
Price spread: +0.132% → 0.000%: $13.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$10.58
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	3.96 bp	34.8 bp −$35	doesn't fit	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	745.79	+0.074%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	−0.032%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.18	−0.008%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.34	+0.014%	$25.1M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.20	−0.005%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.59	+0.047%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.79	−0.060%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.40	+0.021%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	+0.028%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.58	+0.046%	$12K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.35	+0.015%	$966	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.85	−0.052%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.18	−0.008%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.48	+0.032%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.42	+0.024%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.011%	$112K	$339K	10x	as long as short
Nado META-PERP	+0.0042%	1h	745.10	−0.018%	$480K	$560K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.71	+0.063%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.16	−0.011%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.38	+0.019%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.98	−0.035%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.34	+0.013%	—	—	5x	as long as short
Lighter RH META	+0.0056%	1h	745.65	+0.055%	$789K	$3.1M	20x	as long as short
Aftermath Perps METAUSDshort	+0.0087%	1h	746.22	+0.132%	$48K	$90K	10x
Popdex METAUSDT	+0.0088%	1h	745.50	+0.035%	$177K	$203K	20x	as long as short
Pacifica META	+0.0100%	1h	745.62	+0.050%	$25	$189	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	745.24	long leg	$1.6M	$717K	20x
ApeX Omni METAUSDT	+0.0100%	1h	744.68	−0.075%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.47	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.29	+0.007%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.33	+0.012%	$645K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.69	+0.329%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0275%	4h	745.30	+0.008%	$62K	$344K	10x	as long as short
Lighter META	+0.0464%	1h	745.83	+0.079%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.06	+0.110%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0573%	1h	745.92	+0.091%	$81.5M	$130.0M	20x	as long as short
Phoenix META	+0.0750%	1h	746.69	+0.195%	$797K	$1.5M	20x	as long as short