Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Orderly−0.013%7-day average — · you buy dearer than you sell

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

Long on Orderly 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	746.22	0.0100	pay 0.0100% / 8h	3h 17m	$1K	$24	10x
Short	Aevo META-PERP	746.13	0.0104	get 0.0013% / 1h	17m 56s	$269	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now −0.013%Rate

Funding earned: $0.84
Price spread: −0.013% → 0.000%: −$1.26
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.42
Costs to cover: 0.220%
Break-even: 193.9 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and 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	746.13	−0.012%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	745.84	−0.051%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.25	+0.004%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.04	−0.023%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.25	+0.004%	$28.5M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.20	−0.003%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.28	+0.008%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.54	−0.091%	$379K	$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	+0.026%	$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	746.12	−0.013%	$726	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.051%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.97	−0.034%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.50	+0.038%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0021%	8h	746.19	−0.004%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.38	+0.021%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.80	−0.056%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.45	+0.031%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.83	−0.052%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.19	−0.004%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.111%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.19	−0.004%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.06	−0.022%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.66	+0.060%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.47	+0.034%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.55	−0.090%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	746.22	long leg	$1K	$24	10x
Popdex METAUSDT	+0.0104%	1h	746.24	+0.003%	$180K	$200K	20x	as long as short
Aevo META-PERPshort	+0.0104%	1h	746.13	−0.013%	$269	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.067%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.303%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.21	−0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.33	+0.015%	$866K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0312%	1h	746.32	+0.013%	$70.7M	$121.2M	20x	as long as short
edgeX METAUSDC	+0.0407%	4h	746.35	+0.017%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.139%	$798K	$1.4M	20x	as long as short