Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: SunX against Deribit+0.012%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.012%, 7d avg +0.076%

Together, before fees+0.029%+$3 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 0.064% cheaper against Deribit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	745.17	0	get 0.0000% / 1h	6m 11s	$34K	$274K	10x
Short	SunX META-USDT	745.26	0	get 0.0000% / 8h	1h 06m	$780	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.076%: −$6.37
Slippage, 4 orders: −$60.14
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$81.52
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Deribit: live order book, 37 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 Deribit live order book, 37 min ago	0.07 bp	3.6 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	28.12 bp	32.1 bp −$32	61.6 bp −$616	doesn't fit	doesn't fit

META on 37 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	745.22	+0.007%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0032%	1h	744.96	−0.028%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.81	+0.086%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.33	+0.022%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.56	+0.052%	$24.9M	$188.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.24	+0.009%	$7.4M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.48	+0.042%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.81	−0.048%	$464K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.47	+0.040%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.90	−0.037%	$2.4M	$3.1M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.02	−0.020%	$13K	$435K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	745.26	+0.012%	$780	$8.1M	20x
Deribit META_USDC-PERPETUALlong	0.0000%	1h	745.17	long leg	$34K	$274K	10x
HTX META-USDT	0.0000%	8h	745.43	+0.035%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.48	+0.042%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.21	+0.005%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.90	+0.098%	$791K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.88	−0.039%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.72	+0.074%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.46	+0.039%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.09	−0.011%	$579K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.42	+0.034%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.54	−0.085%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.13	−0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.77	+0.081%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.33	+0.021%	$1.6M	$696K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.28	−0.119%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.63	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.45	+0.038%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.059%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.271%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.76	+0.079%	$33K	$105	20x	as long as short
Lighter META	+0.0384%	1h	746.11	+0.126%	$1.1M	$2.8M	20x	as long as short
edgeX METAUSDC	+0.0467%	4h	744.89	−0.037%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0493%	1h	746.05	+0.118%	$78.4M	$128.1M	20x	as long as short
Phoenix META	+0.0739%	1h	746.07	+0.121%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.30	+0.017%	$13	$106	10x	as long as short