Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.024%

Price spread now: Aevo against OKX−0.006%7-day average — · you buy dearer than you sell

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

Long on OKX 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	OKX META-USDT-SWAP	742.29	0	get 0.0000% / 8h	4h 36m	$6.0M	$13.5M	20x
Short	Aevo META-PERP	742.25	0.0104	get 0.0013% / 1h	36m 46s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.006%Rate

Funding earned: $21.84
Price spread: −0.006% → 0.000%: −$0.55
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.71
Costs to cover: 0.260%
Break-even: 8.5 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	1.01 bp	9.0 bp −$9	23.4 bp −$234	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	742.41	+0.016%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	741.88	−0.056%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.34	+0.006%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.23	−0.007%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.46	+0.023%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.24	−0.007%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	742.29	long leg	$6.0M	$13.5M	20x
Gate META_USDT	0.0000%	8h	742.03	−0.035%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.36	+0.009%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.48	+0.025%	$2.4M	$3.1M	—	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	742.51	+0.030%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.52	+0.031%	$984	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.77	−0.070%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.25	−0.005%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.60	+0.042%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.37	+0.011%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.02	−0.036%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.50	+0.028%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.35	+0.008%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.12	−0.023%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.35	+0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.081%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	742.16	−0.017%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.116%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.50	+0.028%	$1.6M	$540K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.72	−0.077%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	742.25	−0.006%	$267	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.036%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	742.35	+0.008%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.294%	$172K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	742.56	+0.036%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0276%	1h	742.47	+0.024%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0506%	4h	742.22	−0.009%	$62K	$336K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.143%	$652K	$1.2M	20x	as long as short