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 −0.027%

Price spread now: Bitget against Aevo+0.044%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

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 pays, funding is against you. Bitget is 0.044% dearer against Aevo than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	742.78	0.0104	pay 0.0013% / 1h	28m 54s	$267	—	10x
Short	Bitget METAUSDT	743.11	0	get 0.0000% / 8h	2h 28m	$5.6M	$12.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$21.84
Price spread: +0.044% → 0.000%: $4.38
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.46
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 5 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.54 bp	7.1 bp −$7	21.9 bp −$219	42.2 bp −$4,219	doesn't fit

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	743.10	+0.042%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.85	+0.143%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.67	−0.015%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.89	+0.014%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.80	+0.002%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.92	+0.018%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.35	−0.059%	$439K	$5.9M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	743.11	+0.044%	$5.6M	$12.1M	100x
Variational Omni META	0.0000%	8h	742.59	−0.026%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.91	+0.017%	$12K	$443K	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	743.50	+0.096%	$1K	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.64	−0.020%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.83	+0.006%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.16	+0.050%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.22	+0.059%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0032%	1h	743.07	+0.038%	$480K	$558K	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.70	−0.011%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.66	+0.118%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.01	+0.030%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.14	+0.048%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.59	−0.026%	$584K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.08	+0.040%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.80	+0.002%	$729K	$4.8M	10x	as long as short
Paradex META-USD-PERP	+0.0078%	8h	743.25	+0.062%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	743.78	+0.133%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.90	+0.015%	$1.6M	$642K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.46	−0.044%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.89	+0.014%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	742.78	long leg	$267	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	742.03	−0.102%	$659K	$7.7M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.419%	$172K	$46K	30x	as long as short
Lighter META	+0.0336%	1h	743.32	+0.072%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	743.58	+0.107%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0447%	1h	743.44	+0.088%	$74.5M	$124.7M	20x	as long as short
Phoenix META	+0.0685%	1h	744.26	+0.199%	$795K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0917%	4h	743.12	+0.045%	$62K	$340K	10x	as long as short