Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.036%

Price spread now: BloFin against Aevo+0.052%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 BloFin

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. BloFin is 0.052% dearer against Aevo than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	745.24	0.0104	pay 0.0013% / 1h	46m 43s	$268	—	10x
Short	BloFin META-USDT	745.63	−0.0120	pay 0.0120% / 8h	2h 46m	$333K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$47.04
Price spread: +0.052% → 0.000%: $5.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$69.82
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, just now. 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 BloFin live order book, just now	0.20 bp	8.9 bp −$9	12.6 bp −$126	doesn't fit	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-USDTshort	−0.0120%	8h	745.63	+0.052%	$333K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	746.43	+0.159%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.47	+0.031%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.61	+0.050%	$28.3M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.50	+0.035%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.57	+0.044%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.91	−0.044%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	+0.100%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.12	+0.117%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.56	+0.043%	$795	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.46	−0.105%	$31K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.64	+0.054%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.13	+0.119%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.20	−0.005%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	+0.042%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.33	+0.012%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.94	−0.040%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.40	+0.021%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.81	−0.058%	$758K	$4.5M	10x	as long as short
Nado META-PERP	+0.0052%	1h	745.00	−0.033%	$482K	$556K	20x	as long as short
Bitget METAUSDT	+0.0053%	8h	745.82	+0.078%	$5.4M	$11.9M	100x	as long as short
Lighter RH META	+0.0056%	1h	745.57	+0.044%	$768K	$2.9M	20x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	745.25	+0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.05	+0.109%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.52	+0.037%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.03	−0.028%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.36	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	745.24	long leg	$268	—	10x
Popdex METAUSDT	+0.0120%	1h	745.45	+0.028%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.157%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.428%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0232%	4h	745.42	+0.024%	$62K	$340K	10x	as long as short
Lighter META	+0.0384%	1h	745.63	+0.052%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0456%	1h	745.68	+0.059%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0525%	1h	745.68	+0.059%	$72.4M	$122.8M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.196%	$797K	$1.4M	20x	as long as short