Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Aster+0.031%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1341.342% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.031%, 7d avg −0.054%

Together, before fees+0.113%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: SunX is 0.086% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	742.45	0	get 0.0000% / 8h	4h 46m	$466K	$551K	20x
Short	SunX META-USDT	742.68	0	get 0.0000% / 8h	4h 46m	$735	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.054%: $8.56
Slippage, 4 orders: −$118.16
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.59
Costs to cover: 1.342%
Break-even: never at this rate

Slippage from Aster: live order book, 11 min ago; SunX: live order book, 12 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 Aster live order book, 11 min ago	13.37 bp	45.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	28.17 bp	32.2 bp −$32	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	742.49	+0.006%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	742.01	−0.059%	$480K	$552K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	742.45	long leg	$466K	$551K	20x
Extended META_24_5-USD	0.0000%	1h	742.15	−0.040%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.33	−0.015%	$27.5M	$180.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.09	−0.048%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.25	−0.027%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.00	−0.060%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.48	+0.004%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.77	+0.043%	$2.4M	$3.1M	—	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	743.01	+0.076%	$12K	$434K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	742.68	+0.031%	$735	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.97	−0.064%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.22	−0.031%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.89	+0.060%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.53	+0.011%	$765K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.33	−0.016%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.47	+0.003%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.77	+0.043%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.46	+0.002%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.34	−0.015%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.32	−0.017%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.086%	$711K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.25	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.37	+0.124%	$50K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.39	−0.008%	$1.6M	$534K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.19	−0.035%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.20	−0.034%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.058%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	742.46	+0.002%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0129%	4h	742.98	+0.072%	$62K	$337K	10x	as long as short
Lighter META	+0.0216%	1h	742.49	+0.006%	$857K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.79	+0.315%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0255%	1h	742.21	−0.032%	$69.4M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.198%	$631K	$1.2M	20x	as long as short