Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.009%

Price spread now: Aftermath Perps against Binance+0.077%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aftermath Perps is 0.077% dearer against Binance than usual: you sell high and buy low: +$8 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	Binance METAUSDT	745.89	0	get 0.0000% / 8h	59m 30s	$24.9M	$188.2M	20x
Short	Aftermath Perps METAUSD	746.46	0.0087	get 0.0011% / 1h	59m 30s	$53K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now +0.077%Rate

Funding earned: $18.19
Price spread: +0.077% → 0.000%: $7.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $6.84
Costs to cover: 0.190%
Break-even: 4.4 days

Slippage unknown: Binance: live order book, 14 min ago; Aftermath Perps: 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 Binance live order book, 14 min ago	0.07 bp	6.9 bp −$7	11.8 bp −$118	42.5 bp −$4,251	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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 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	745.84	−0.007%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.87	−0.003%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.95	+0.009%	$548K	$1.8M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	745.89	long leg	$24.9M	$188.2M	20x
Bybit METAUSDT	0.0000%	8h	745.52	−0.050%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.98	+0.012%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.38	−0.068%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.98	+0.012%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	−0.036%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.71	−0.024%	$12K	$436K	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	745.91	+0.003%	$973	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.95	+0.008%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	−0.012%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.99	+0.013%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.84	−0.007%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.35	+0.062%	$786K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.48	−0.055%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.27	+0.051%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.45	−0.059%	$565K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	−0.001%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.61	−0.038%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	745.84	−0.006%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0087%	1h	746.46	+0.077%	$53K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	745.62	−0.036%	$1.6M	$702K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.11	−0.105%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.90	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.05	+0.021%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	−0.086%	$649K	$7.9M	10x	as long as short
Nado META-PERP	+0.0124%	1h	745.56	−0.044%	$481K	$559K	20x	as long as short
Popdex METAUSDT	+0.0144%	1h	745.82	−0.009%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.174%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0288%	1h	746.46	+0.076%	$33K	$105	20x	as long as short
Lighter META	+0.0392%	1h	746.54	+0.087%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0516%	1h	746.10	+0.028%	$78.7M	$128.4M	20x	as long as short
Phoenix META	+0.0739%	1h	746.85	+0.129%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.49	−0.054%	$13	$106	10x	as long as short
edgeX METAUSDC	+0.0835%	4h	745.64	−0.033%	$62K	$345K	10x	as long as short