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: Aevo against Bitget−0.132%52s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.132% cheaper against Bitget than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.2 days of funding at the current rate (+$3 a day). The two prices were read 52 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	Bitget METAUSDT	743.50	0	get 0.0000% / 8h	2h 30m	$5.6M	$12.1M	100x
Short	Aevo META-PERP	742.52	0.0104	get 0.0013% / 1h	30m 28s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.132%Rate

Funding earned: $21.84
Price spread: −0.132% → 0.000%: −$13.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.38
Costs to cover: 0.280%
Break-even: 13.2 days

Slippage unknown: Bitget: live order book, 3 min ago; Aevo: 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 Bitget live order book, 3 min ago	0.54 bp	10.4 bp −$10	20.7 bp −$207	46.5 bp −$4,650	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Deribit META_USDC-PERPETUAL	−0.0141%	1h	742.08	−0.191%	$31K	$264K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	742.71	−0.106%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.14	+0.086%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.83	−0.091%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.26	−0.032%	$28.0M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.05	−0.061%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.01	−0.066%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.71	−0.106%	$439K	$5.9M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	743.50	long leg	$5.6M	$12.1M	100x
Variational Omni META	0.0000%	8h	742.59	−0.122%	$2.4M	$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	743.02	−0.064%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.79	−0.095%	$825	$8.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.54	−0.129%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.65	−0.114%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.28	−0.030%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0034%	1h	742.70	−0.108%	$480K	$557K	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.58	−0.124%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.43	−0.009%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.01	−0.066%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.16	−0.046%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.59	−0.122%	$584K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.68	−0.110%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.52	−0.132%	$729K	$4.8M	10x	as long as short
Paradex META-USD-PERP	+0.0079%	8h	742.86	−0.086%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	743.57	+0.009%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.17	−0.044%	$1.6M	$641K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.46	−0.140%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.61	−0.120%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	742.52	−0.132%	$267	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	742.03	−0.198%	$659K	$7.7M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.323%	$172K	$46K	30x	as long as short
Lighter META	+0.0336%	1h	743.34	−0.022%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	743.18	−0.043%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0448%	1h	743.58	+0.011%	$74.4M	$124.6M	20x	as long as short
Phoenix META	+0.0685%	1h	744.26	+0.102%	$795K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0917%	4h	743.12	−0.051%	$62K	$340K	10x	as long as short