Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.039%

Price spread now: SunX against Aftermath Perps+0.073%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on SunX

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

The price spread pays, funding is against you. SunX is 0.073% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	740.61	0.0068	pay 0.0008% / 1h	5m 33s	$48K	$80K	10x
Short	SunX META-USDT	741.15	0	get 0.0000% / 8h	7h 05m	$867	$9.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aftermath Perps. 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 Aftermath PerpsbpFee SunXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$14.28
Price spread: +0.073% → 0.000%: $7.28
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 4 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	28.16 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

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	740.40	−0.028%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0086%	1h	740.56	−0.008%	$497K	$498K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.33	−0.038%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.67	+0.008%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.03	+0.057%	$27.4M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.16	+0.074%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.20	+0.080%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.74	+0.017%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.86	+0.034%	$5.6M	$11.2M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.029%	$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	740.13	−0.065%	$12K	$458K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	741.15	+0.073%	$867	$9.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.48	−0.018%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.73	+0.016%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.58	−0.004%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.02	+0.055%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.14	+0.071%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.03	+0.057%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.82	+0.028%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.58	−0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	−0.028%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.72	+0.015%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	740.88	+0.036%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.04	−0.077%	$110K	$331K	10x	as long as short
Hotstuff META-PERP	+0.0064%	1h	740.95	+0.046%	$33K	$105	20x	as long as short
Aftermath Perps METAUSDlong	+0.0068%	1h	740.61	long leg	$48K	$80K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.56	−0.007%	$1.6M	$453K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.157%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.56	−0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.36	−0.034%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.46	−0.020%	$614K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0168%	1h	740.98	+0.050%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	741.00	+0.053%	$862K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.185%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.42	−0.026%	$330K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.063%	$62K	$335K	10x	as long as short