Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.034%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1161.155% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.034%, 7d avg +0.008%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.026% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	741.45	0.0100	pay 0.0013% / 1h	16m 58s	$166K	$74K	50x
Short	KuCoin METAUSDTM	741.70	0.0100	get 0.0100% / 8h	16m 58s	$1.6M	$396K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.008%: $2.62
Slippage, 4 orders: −$93.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$112.93
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 59 min ago; KuCoin: live order book, 4 min ago.

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 ApeX Omni live order book, 59 min ago	2.63 bp	16.3 bp −$16	433.6 bp −$4,336	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.44 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit

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	741.93	+0.065%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0009%	1h	741.29	−0.021%	$386K	$331K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.00	+0.074%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.78	+0.044%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.89	+0.059%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.73	+0.038%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.79	+0.046%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.37	−0.011%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.85	+0.054%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.39	−0.007%	$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	741.88	+0.058%	$13K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.60	+0.020%	$676	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.66	+0.028%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.05	+0.081%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.86	+0.055%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.97	+0.070%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.41	−0.005%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.92	+0.063%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.79	+0.046%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.75	+0.040%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.79	+0.046%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.25	−0.027%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	741.49	+0.006%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	742.35	+0.121%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.028%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	741.70	+0.034%	$1.6M	$396K	20x
ApeX Omni METAUSDTlong	+0.0100%	1h	741.45	long leg	$166K	$74K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.75	+0.040%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.68	+0.031%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.50	+0.007%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.77	+0.043%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.17	−0.038%	$169K	$46K	30x	as long as short
Lighter META	+0.0232%	1h	742.02	+0.077%	$860K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0260%	1h	741.77	+0.043%	$67.7M	$122.7M	20x	as long as short
edgeX METAUSDC	+0.0284%	4h	741.50	+0.007%	$62K	$333K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0438%	1h	741.71	+0.035%	$30K	$258K	10x	as long as short