Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.031%

Price spread now: Aftermath Perps against OKX+0.017%7-day average — · you sell dearer than you buy

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

Long on OKX 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

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	746.45	0	get 0.0000% / 8h	3h 16m	$6.0M	$13.3M	20x
Short	Aftermath Perps METAUSD	746.58	0.0084	get 0.0010% / 1h	16m 52s	$52K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: $17.58
Price spread: +0.017% → 0.000%: $1.69
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $0.27
Costs to cover: 0.190%
Break-even: 6.9 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.07 bp	9.5 bp −$10	23.0 bp −$230	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	746.35	−0.013%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	745.94	−0.069%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.029%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.17	−0.038%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.49	+0.006%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.46	+0.001%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	746.45	long leg	$6.0M	$13.3M	20x
Gate META_USDT	0.0000%	8h	745.93	−0.070%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.33	−0.015%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.41	−0.005%	$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	746.34	−0.015%	$786	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.082%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.07	−0.051%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.56	+0.015%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0023%	8h	746.44	−0.001%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.55	+0.013%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	−0.083%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.46	+0.001%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	−0.074%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.35	−0.013%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.142%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.18	−0.036%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.13	−0.043%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0084%	1h	746.58	+0.017%	$52K	$82K	10x
Popdex METAUSDT	+0.0096%	1h	746.43	−0.003%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.38	−0.009%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.41	−0.139%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.31	−0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	−0.032%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.098%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.272%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.42	−0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.50	+0.007%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0316%	1h	746.42	−0.004%	$70.9M	$121.2M	20x	as long as short
edgeX METAUSDC	+0.0407%	4h	746.35	−0.014%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.109%	$798K	$1.4M	20x	as long as short