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 −0.025%

Price spread now: SunX against Bybit+0.035%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now +0.035%, 7d avg +0.022%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	738.87	0	get 0.0000% / 8h	7h 35m	$7.6M	$13.9M	100x
Short	SunX META-USDT	739.13	0	get 0.0000% / 8h	7h 35m	$765	$9.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.022%: $1.37
Slippage, 4 orders: −$64.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$82.62
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 13 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 Bybit live order book, 2 min ago	1.08 bp	9.1 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	28.16 bp	32.2 bp −$32	61.7 bp −$617	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
Phemex METAUSDT	−0.0244%	4h	738.69	−0.024%	$2.0M	$8K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	738.54	−0.045%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.80	−0.009%	$465K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.70	−0.022%	$547K	$2.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.89	+0.003%	$27.2M	$179.1M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	738.87	long leg	$7.6M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	738.80	−0.009%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.58	−0.039%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.76	−0.015%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	738.79	−0.011%	$2.3M	$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	738.15	−0.097%	$12K	$479K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	739.13	+0.035%	$765	$9.3M	20x
HTX META-USDT	0.0000%	8h	738.70	−0.023%	$106K	$292K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0021%	1h	738.47	−0.054%	$30K	$247K	10x	as long as short
Nado META-PERP	+0.0031%	1h	738.48	−0.053%	$373K	$344K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.01	+0.019%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.92	+0.007%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.93	+0.008%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	738.77	−0.014%	$556K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	738.81	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.20	−0.091%	$692K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.91	+0.005%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.17	−0.095%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	738.68	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.41	+0.073%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	738.42	−0.061%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.85	−0.003%	$1.6M	$425K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.51	−0.184%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.82	−0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.65	−0.030%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.051%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0171%	1h	738.88	+0.001%	$67.4M	$121.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.07	+0.162%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	738.15	−0.097%	$277K	$930K	20x	as long as short
Lighter META	+0.0280%	1h	739.06	+0.026%	$850K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0801%	4h	737.90	−0.131%	$62K	$333K	10x	as long as short