Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0367%/8h= +40.1% APRpaid last 24h +0.074%

Price spread now: edgeX against Aevo+0.020%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.020% dearer against Aevo than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	746.47	0.0104	pay 0.0013% / 1h	4m 48s	$269	—	10x
Short	edgeX METAUSDC	746.62	0.0471	get 0.0235% / 4h	4m 48s	$62K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $76.97
Price spread: +0.020% → 0.000%: $2.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $53.98
Costs to cover: 0.250%
Break-even: 2.1 days

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 33 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 edgeX live order book, 33 min ago	5.50 bp	10.1 bp −$10	11.6 bp −$116	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 37 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	746.67	+0.027%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.57	+0.013%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.38	−0.012%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.68	+0.028%	$25.4M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.82	+0.047%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.23	+0.102%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.27	−0.027%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.67	+0.027%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.51	+0.006%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.79	+0.043%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.54	+0.009%	$929	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.23	−0.032%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.45	−0.003%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.25	+0.104%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.03	−0.059%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.43	−0.006%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.00	+0.071%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.51	+0.005%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.15	+0.091%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.21	−0.035%	$567K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.55	+0.010%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.93	−0.073%	$734K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.49	+0.002%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	746.59	+0.016%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.44	+0.130%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.06	+0.078%	$634	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.83	+0.048%	$1.6M	$729K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.01	−0.062%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.67	+0.027%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	746.47	long leg	$269	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	+0.043%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.411%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.14	+0.089%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.00	+0.071%	$33K	$105	20x	as long as short
edgeX METAUSDCshort	+0.0471%	4h	746.62	+0.020%	$62K	$345K	10x
tradeXYZ xyz:META	+0.0563%	1h	747.42	+0.127%	$83.7M	$131.7M	20x	as long as short
Phoenix META	+0.0750%	1h	747.82	+0.181%	$798K	$1.5M	20x	as long as short