Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.031%

Price spread now: Aftermath Perps against OKX+0.094%7-day average — · you sell dearer than you buy

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

Long on OKX 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 +$2 a day on $10k at the current rate, and Aftermath Perps is 0.094% dearer against OKX than usual: you sell high and buy low: +$9 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	OKX META-USDT-SWAP	740.19	0	get 0.0000% / 8h	6h 17m	$5.9M	$13.3M	20x
Short	Aftermath Perps METAUSD	740.89	0.0070	get 0.0009% / 1h	17m 56s	$49K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.094%Rate

Funding earned: $14.8
Price spread: +0.094% → 0.000%: $9.4
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $5.21
Costs to cover: 0.190%
Break-even: 4.5 days

Slippage unknown: OKX: live order book, just now; 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 OKX live order book, just now	0.41 bp	10.2 bp −$10	21.6 bp −$216	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 35 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
Nado META-PERP	−0.0122%	1h	739.93	−0.036%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.67	+0.065%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.97	−0.030%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.19	−0.001%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.03	−0.022%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	740.19	long leg	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.02	−0.023%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.012%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.21	+0.003%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.037%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.06	−0.018%	$830	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.57	−0.084%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.00	−0.026%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.081%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.15	−0.005%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.40	+0.028%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.80	−0.053%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.38	+0.026%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.16	−0.004%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.94	−0.034%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.20	+0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.51	−0.092%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	740.00	−0.025%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0070%	1h	740.89	+0.094%	$49K	$80K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.29	+0.014%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.56	−0.085%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.99	−0.027%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.063%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.35	+0.022%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.16	−0.004%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.301%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0246%	1h	740.31	+0.016%	$68.4M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.089%	$429K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0939%	4h	740.24	+0.007%	$62K	$335K	10x	as long as short