Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.102%

Price spread now: KuCoin against Extended−0.021%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 7 days+0.336%+$34 · spread now −0.021%, 7d avg −0.039%

Together, before fees+0.391%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	744.74	0	get 0.0000% / 1h	47m 07s	$550K	$2.7M	17x
Short	KuCoin METAUSDTM	744.58	0.0100	get 0.0100% / 8h	3h 47m	$1.6M	$601K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → −0.039%: $1.79
Slippage, 4 orders: −$78.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$72.3
Costs to cover: 0.951%
Break-even: 31.1 days

Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 4 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 Extended live order book, 2 min ago	0.27 bp	5.5 bp −$5	36.1 bp −$361	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	4.03 bp	54.5 bp −$55	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	745.02	+0.038%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0012%	1h	744.32	−0.055%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.54	−0.027%	$469K	$554K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	744.74	long leg	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	744.97	+0.032%	$28.4M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.68	−0.007%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.71	−0.003%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.30	−0.058%	$364K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.83	+0.013%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.05	−0.091%	$2.4M	$3.2M	—	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	743.99	−0.100%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.94	+0.028%	$800	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.57	−0.022%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.81	+0.010%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.07	+0.045%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.04	+0.041%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.05	−0.092%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.94	+0.028%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.90	+0.022%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.46	−0.037%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.77	+0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.23	−0.202%	$800K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	744.76	+0.003%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.02	+0.038%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0098%	8h	744.82	+0.011%	—	—	5x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	744.58	−0.021%	$1.6M	$601K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.08	−0.222%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.93	+0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.78	+0.006%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.02	−0.096%	$617K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.08	−0.088%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	744.67	−0.009%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	745.09	+0.048%	$863K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0333%	1h	745.10	+0.049%	$70.1M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0484%	4h	743.90	−0.112%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	745.04	+0.041%	$762K	$1.4M	20x	as long as short