Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.024%

Price spread now: Aevo against OKX−0.026%60s7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.026% cheaper against OKX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day). The two prices were read 60 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	OKX META-USDT-SWAP	743.67	0	get 0.0000% / 8h	39m 24s	$6.0M	$13.2M	20x
Short	Aevo META-PERP	743.48	0.0104	get 0.0013% / 1h	39m 24s	$268	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.026%Rate

Funding earned: $21.84
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.76
Costs to cover: 0.260%
Break-even: 9.2 days

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.27 bp	8.3 bp −$8	20.3 bp −$203	doesn't fit	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
BloFin META-USDT	−0.0120%	8h	743.40	−0.036%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0076%	1h	743.21	−0.063%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	−0.023%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.31	−0.048%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.50	−0.023%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.55	−0.016%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	743.67	long leg	$6.0M	$13.2M	20x
Gate META_USDT	0.0000%	8h	743.01	−0.089%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.38	−0.039%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	−0.047%	$2.3M	$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	743.64	−0.004%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	−0.050%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.11	−0.075%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	−0.043%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	−0.009%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.43	−0.032%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.70	+0.004%	$757K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.01	−0.089%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.85	+0.024%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.45	−0.030%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.44	−0.031%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	−0.023%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.93	−0.100%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.35	−0.043%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.22	+0.075%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.052%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.44	−0.031%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	−0.093%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.43	−0.032%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	743.48	−0.026%	$268	—	10x
Lighter META	+0.0128%	1h	743.67	0.000%	$860K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.026%	$293K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.63	−0.005%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.290%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0224%	1h	743.73	+0.008%	$67.7M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0710%	4h	743.35	−0.043%	$62K	$331K	10x	as long as short