Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.076%

Price spread now: KuCoin against edgeX−0.035%68s7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1041.042% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.035%, 7d avg −0.027%

Together, before fees−0.366%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.384%, so the current rate has only just turned in your favour. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	745.95	0.0003	pay 0.0001% / 4h	1h 48m	$62K	$343K	10x
Short	KuCoin METAUSDTM	745.69	0.0100	get 0.0100% / 8h	1h 48m	$1.6M	$667K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.39
Price spread: −0.035% → −0.027%: −$0.8
Slippage, 4 orders: −$83.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$84.65
Costs to cover: 1.042%
Break-even: 36.1 days

Slippage from edgeX: live order book, 60 min ago; KuCoin: live order book, 7 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 edgeX live order book, 60 min ago	5.16 bp	9.8 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.82 bp	50.1 bp −$50	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	746.00	+0.006%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	745.55	−0.054%	$483K	$558K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.32	−0.086%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.71	−0.033%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.66	−0.039%	$26.6M	$187.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.49	−0.062%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.76	−0.026%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.47	−0.065%	$435K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.82	−0.018%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.83	−0.017%	$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	746.06	+0.014%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.78	−0.023%	$801	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.61	−0.046%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.01	+0.007%	$2.0M	$8K	10x	as long as short
edgeX METAUSDClong	+0.0003%	4h	745.95	long leg	$62K	$343K	10x
QFEX META-USD	+0.0031%	1h	745.61	−0.046%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.96	+0.001%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.44	−0.069%	$110K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.92	−0.005%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.67	−0.038%	$177K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.13	−0.111%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.67	−0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.03	−0.124%	$720K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.67	−0.038%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0072%	1h	745.31	−0.086%	$34K	$270K	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.39	+0.058%	$52K	$81K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	745.69	−0.035%	$1.6M	$667K	20x
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.046%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.70	−0.034%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	−0.065%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.070%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.959%	$174K	$46K	30x	as long as short
Lighter META	+0.0400%	1h	746.24	+0.038%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	746.32	+0.049%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0562%	1h	745.98	+0.003%	$76.8M	$126.8M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.176%	$798K	$1.5M	20x	as long as short