Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.107%

Price spread now: SunX against Extended+0.042%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.042%, 7d avg +0.043%

Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	745.79	0	get 0.0000% / 1h	51m 34s	$547K	$2.7M	17x
Short	SunX META-USDT	746.10	0	get 0.0000% / 8h	2h 51m	$716	$8.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.043%: −$0.09
Slippage, 4 orders: −$62.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$75.4
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; SunX: live order book, 8 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	0.54 bp	5.5 bp −$5	33.4 bp −$334	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	28.18 bp	32.2 bp −$32	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	746.18	+0.052%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.87	+0.145%	$492K	$577K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	745.79	long leg	$547K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	745.97	+0.025%	$28.3M	$181.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.00	+0.028%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.27	+0.064%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.57	−0.029%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.041%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.09	+0.040%	$13K	$448K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	746.10	+0.042%	$716	$8.6M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.65	−0.019%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	+0.001%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.16	+0.050%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	+0.005%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.26	+0.063%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.03	+0.032%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.72	−0.009%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.07	+0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.041%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0056%	1h	745.92	+0.017%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0064%	1h	746.53	+0.099%	$768K	$2.9M	20x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	745.80	+0.002%	—	—	5x	as long as short
Bitget METAUSDT	+0.0083%	8h	746.21	+0.056%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.147%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.46	+0.090%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.14	−0.087%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.13	+0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	+0.027%	$269	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	746.15	+0.048%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.083%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.431%	$173K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.41	+0.083%	$980K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.052%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0515%	1h	746.29	+0.067%	$72.6M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	+0.027%	$62K	$339K	10x	as long as short
Phoenix META	+0.0685%	1h	747.53	+0.233%	$798K	$1.4M	20x	as long as short