Funding you earn now, next payment 00:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.097%
Price spread now: SunX against edgeX+0.062%74s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as 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−$840.844% of the position
Funding, last 7 days−0.505%−$50 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.062%, 7d avg +0.027%
=Together, before fees−0.354%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.035% dearer against edgeX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.027%): +$3 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.505% in total) that is about 12 hours. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.505% in total (about -26.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX METAUSDC | 740.46 | 0.0908 | pay 0.0454% / 4h | 2h 08m | $62K | $328K | 10x |
| Short | SunX META-USDT | 740.92 | 0 | get 0.0000% / 8h | 2h 08m | $882 | $9.5M | 20x |
edgeX METAUSDC
SunX META-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$190.6
- Price spread: +0.062% → +0.027%
- $3.5
- Slippage, 4 orders
- −$67.45
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$271.55
- Costs to cover
- 0.844%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 15 min ago; SunX: live order book, 11 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, 15 min ago | 5.13 bp | 9.7 bp −$10 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell SunX live order book, 11 min ago | 28.50 bp | 32.5 bp −$33 | 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 | 740.31 | −0.021% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0106% | 1h | 740.31 | −0.021% | $397K | $317K | 20x | as long as short |
| Hotstuff META-PERP | −0.0048% | 1h | 740.74 | +0.037% | $33K | $105 | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.95 | +0.066% | $457K | $536K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.40 | −0.009% | $548K | $1.5M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.47 | +0.001% | $26.9M | $177.5M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.39 | −0.010% | $7.4M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.47 | +0.001% | $6.0M | $13.1M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.19 | −0.037% | $318K | $5.4M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.48 | +0.002% | $5.8M | $11.0M | 100x | as long as short |
BloFin META-USDT
Nado META-PERP
Hotstuff META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 740.48 | +0.003% | $1.6M | $2.5M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.45 | −0.002% | $12K | $525K | 10x | as long as short |
| SunX META-USDTshort | 0.0000% | 8h | 740.92 | +0.062% | $882 | $9.5M | 20x | |
| HTX META-USDT | 0.0000% | 8h | 740.34 | −0.017% | $105K | $283K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.43 | −0.005% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0012% | 1h | 740.50 | +0.005% | $2.2M | $14.2M | 10x | as long as short |
| Lighter META | +0.0032% | 1h | 740.75 | +0.039% | $860K | $2.6M | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.77 | +0.041% | $748K | $3.2M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.29 | −0.023% | $263K | $313K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 741.00 | +0.072% | — | $9K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.48 | +0.002% | $177K | $201K | 20x | as long as short |
| tradeXYZ xyz:META | +0.0050% | 1h | 740.76 | +0.040% | $68.5M | $120.5M | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.60 | +0.018% | $541K | $840K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.45 | −0.002% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 740.26 | −0.027% | $641K | $4.0M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0050% | 8h | 740.33 | −0.018% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0053% | 1h | 741.03 | +0.077% | $45K | $61K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0080% | 1h | 740.26 | −0.027% | $607K | $7.3M | 10x | as long as short |
| Phoenix META | +0.0097% | 1h | 740.59 | +0.017% | $291K | $782K | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.41 | −0.007% | $1.6M | $354K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.26 | −0.027% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.50 | +0.005% | $1K | $24 | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0101% | 1h | 740.76 | +0.040% | $30K | $256K | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.37 | −0.013% | $267 | — | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.25 | −0.029% | $168K | $46K | 30x | as long as short |
| edgeX METAUSDClong | +0.0908% | 4h | 740.46 | long leg | $62K | $328K | 10x |
Variational Omni META
GRVT META_USDT_Perp
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter META
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
tradeXYZ xyz:META
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Coinbase International META-PERP-INTX
Phoenix META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Deribit META_USDC-PERPETUAL
Aevo META-PERP
Injective META/USDC PERP