Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0205%/8h= +22.5% APRpaid last 24h +0.044%

Price spread now: Aftermath Perps against BloFin+0.166%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Aftermath Perps

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aftermath Perps is 0.166% dearer against BloFin than usual: you sell high and buy low: +$17 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	BloFin META-USDT	744.56	−0.0120	get 0.0120% / 8h	1h 18m	$333K	$1.1M	20x
Short	Aftermath Perps METAUSD	745.80	0.0085	get 0.0011% / 1h	18m 33s	$52K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.166%Rate

Funding earned: $43.15
Price spread: +0.166% → 0.000%: $16.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $38.74
Costs to cover: 0.210%
Break-even: 0.7 days

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.60 bp	7.0 bp −$7	9.5 bp −$95	doesn't fit	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-USDTlong	−0.0120%	8h	744.56	long leg	$333K	$1.1M	20x
Nado META-PERP	−0.0040%	1h	744.51	−0.006%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.23	+0.090%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.78	+0.029%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.92	+0.048%	$25.0M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.96	+0.054%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.16	+0.081%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.45	−0.015%	$462K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.81	+0.034%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.80	+0.032%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.80	+0.032%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.80	+0.032%	$693	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.46	−0.013%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.55	−0.001%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.85	+0.039%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	+0.021%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.34	+0.105%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.62	+0.008%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.17	+0.082%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.92	+0.048%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.36	−0.027%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.81	+0.034%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.61	+0.007%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.87	+0.042%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0085%	1h	745.80	+0.166%	$52K	$80K	10x
KuCoin METAUSDTM	+0.0100%	8h	744.92	+0.048%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.29	−0.036%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.88	+0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.70	+0.018%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	+0.023%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.373%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.50	+0.126%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.49	+0.125%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.51	+0.128%	$77.9M	$127.6M	20x	as long as short
Phoenix META	+0.0739%	1h	746.23	+0.224%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.10	+0.072%	$16	$103	10x	as long as short
edgeX METAUSDC	+0.0905%	4h	744.74	+0.024%	$62K	$343K	10x	as long as short