Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0540%/8h= −59.2% APRpaid last 24h −0.109%

Price spread now: SoDEX against edgeX+0.009%45s7-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 SoDEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 45 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	edgeX METAUSDC	737.95	0.0590	pay 0.0295% / 4h	43m 24s	$62K	$352K	10x
Short	SoDEX META-USD	738.02	0.0050	get 0.0006% / 1h	43m 24s	$24K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$113.49
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$129.6
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 63 min ago; SoDEX: 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, 63 min ago	5.27 bp	9.9 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	738.73	+0.105%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	738.03	+0.010%	$340K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.75	+0.107%	$478K	$654K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	737.92	−0.004%	$545K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.12	+0.022%	$25.0M	$192.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.06	+0.014%	$7.4M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	737.79	−0.022%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	737.76	−0.026%	$491K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.07	+0.016%	$5.9M	$12.5M	100x	as long as short
Variational Omni META	0.0000%	8h	737.95	−0.001%	$2.6M	$3.1M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	738.15	+0.027%	$12K	$420K	10x	as long as short
SunX META-USDT	0.0000%	8h	738.53	+0.078%	$741	$6.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	737.78	−0.024%	$36K	$209K	10x	as long as short
HTX META-USDT	0.0000%	8h	737.88	−0.010%	$108K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	738.64	+0.093%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	738.26	+0.041%	$854K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.36	+0.055%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.11	+0.021%	$177K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	737.73	−0.030%	$556K	$590K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	738.02	+0.009%	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	737.44	−0.070%	$752K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	737.95	−0.001%	$2.2M	$14.0M	10x	as long as short
Nado META-PERP	+0.0061%	1h	737.75	−0.028%	$473K	$536K	20x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	737.86	−0.013%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	738.63	+0.092%	$53K	$84K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	737.36	−0.081%	$671K	$7.4M	10x	as long as short
Pacifica META	+0.0100%	1h	738.07	+0.015%	$611	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.15	+0.027%	$1.6M	$942K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.26	−0.094%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.01	+0.008%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	737.74	−0.028%	$266	—	10x	as long as short
Arcus META-USD	+0.0209%	1h	737.68	−0.037%	$110K	$292K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.69	+0.371%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0257%	1h	737.92	−0.005%	$86.7M	$136.4M	20x	as long as short
Lighter META	+0.0288%	1h	738.27	+0.043%	$1.2M	$2.6M	20x	as long as short
edgeX METAUSDClong	+0.0590%	4h	737.95	long leg	$62K	$352K	10x
Phoenix META	+0.0626%	1h	738.77	+0.111%	$789K	$1.6M	20x	as long as short