Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.066%

Price spread now: Aftermath Perps against edgeX+0.089%7-day average — · you sell dearer than you buy

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

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

The price spread pays, funding is against you. Aftermath Perps is 0.089% dearer against edgeX than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	745.87	0.0547	pay 0.0273% / 4h	2h 02m	$62K	$341K	10x
Short	Aftermath Perps METAUSD	746.54	0.0083	get 0.0010% / 1h	2m 59s	$52K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$97.32
Price spread: +0.089% → 0.000%: $8.95
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$106.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 45 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 edgeX live order book, 45 min ago	5.16 bp	9.8 bp −$10	11.4 bp −$114	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 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-USDT	−0.0120%	8h	745.68	−0.025%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0004%	1h	745.52	−0.047%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.44	−0.058%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.35	−0.069%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.60	−0.036%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.39	−0.064%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.68	−0.025%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.06	−0.109%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.59	−0.037%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	+0.034%	$2.4M	$3.3M	—	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	746.23	+0.048%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.31	−0.075%	$1K	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.99	−0.118%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.58	−0.039%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	−0.004%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.84	−0.004%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.38	−0.066%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.13	+0.035%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.33	−0.072%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.53	−0.046%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.06	−0.109%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.55	−0.043%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.16	−0.095%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	745.66	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0083%	1h	746.54	+0.089%	$52K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	745.48	−0.052%	$1.6M	$659K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	−0.079%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.52	−0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.39	−0.065%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	−0.092%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.290%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	745.90	+0.004%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.042%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0452%	1h	745.91	+0.005%	$76.3M	$125.8M	20x	as long as short
edgeX METAUSDClong	+0.0547%	4h	745.87	long leg	$62K	$341K	10x
Phoenix META	+0.0685%	1h	747.34	+0.197%	$798K	$1.4M	20x	as long as short