Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against SunX−0.005%7-day average — · you buy dearer than you sell

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

Long on SunX 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	SunX META-USDT	746.01	0	get 0.0000% / 8h	2h 05m	$658	$8.3M	20x
Short	Aevo META-PERP	745.97	0.0104	get 0.0013% / 1h	5m 25s	$269	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.005%Rate

Funding earned: $21.84
Price spread: −0.005% → 0.000%: −$0.49
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2.65
Costs to cover: 0.240%
Break-even: 7.8 days

Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago	28.10 bp	32.1 bp −$32	doesn't fit	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	745.99	−0.003%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	745.82	−0.026%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.79	−0.029%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.67	−0.046%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.93	−0.011%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.90	−0.015%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.05	+0.005%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.61	−0.054%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.04	+0.004%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	+0.015%	$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	746.23	+0.029%	$12K	$440K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	746.01	long leg	$658	$8.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.88	−0.017%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.01	0.000%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	−0.023%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.35	+0.046%	$776K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.47	−0.072%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.36	+0.047%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.76	−0.034%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.89	−0.016%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.62	−0.052%	$587K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.25	+0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.57	−0.059%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	746.01	0.000%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.39	+0.051%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.81	−0.027%	$1.6M	$658K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.62	−0.052%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.16	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	745.97	−0.005%	$269	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	745.40	−0.082%	$656K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.271%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	746.38	+0.050%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.54	+0.071%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0453%	1h	746.30	+0.039%	$76.2M	$125.8M	20x	as long as short
edgeX METAUSDC	+0.0674%	4h	745.96	−0.007%	$62K	$340K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.178%	$798K	$1.4M	20x	as long as short