Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.046%

Price spread now: BloFin against Aftermath Perps−0.037%49s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.037% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	743.96	0.0061	pay 0.0008% / 1h	44m 03s	$52K	$72K	10x
Short	BloFin META-USDT	743.68	−0.0120	pay 0.0120% / 8h	44m 03s	$281K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aftermath Perps. 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 Aftermath PerpsbpFee BloFinbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$38.06
Price spread: −0.037% → 0.000%: −$3.72
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.78
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 3 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.20 bp	6.2 bp −$6	11.1 bp −$111	doesn't fit	doesn't fit

Aftermath Perps: 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	743.68	−0.037%	$281K	$1.1M	20x
Nado META-PERP	−0.0078%	1h	743.41	−0.073%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.12	−0.113%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.54	−0.057%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.67	−0.039%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.55	−0.055%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.79	−0.022%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.24	−0.096%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.61	−0.047%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.70	−0.034%	$2.3M	$3.2M	—	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	743.15	−0.109%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.56	−0.053%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.44	−0.070%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.61	−0.047%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.55	−0.055%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.54	−0.056%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.89	−0.009%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.23	−0.098%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.01	+0.007%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.74	−0.029%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.66	−0.040%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.66	−0.040%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.93	−0.138%	$780K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.57	−0.052%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0061%	1h	743.96	long leg	$52K	$72K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.091%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.26	−0.094%	$1.6M	$378K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.07	−0.119%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.65	−0.041%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.50	−0.062%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	743.88	−0.010%	$865K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	743.77	−0.025%	$33K	$105	20x	as long as short
Phoenix META	+0.0129%	1h	743.34	−0.083%	$292K	$797K	20x	as long as short
tradeXYZ xyz:META	+0.0211%	1h	743.76	−0.026%	$67.6M	$122.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.22	+0.170%	$170K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	743.03	−0.125%	$62K	$332K	10x	as long as short