Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.066%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.066%, 7d avg +0.038%

Together, before fees−0.034%−$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 0.028% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	741.09	0	get 0.0000% / 8h	1h 27m	$107K	$286K	30x
Short	SunX META-USDT	741.58	0	get 0.0000% / 8h	1h 27m	$909	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.038%: $2.78
Slippage, 4 orders: −$65.37
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$82.6
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from HTX: live order book, 55 min ago; SunX: live order book, 12 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 HTX live order book, 55 min ago	2.70 bp	12.4 bp −$12	15.7 bp −$157	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	28.16 bp	32.2 bp −$32	61.7 bp −$617	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	741.33	+0.032%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0085%	1h	741.30	+0.029%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.090%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.19	+0.013%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.33	+0.032%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	+0.031%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.36	+0.036%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.76	−0.045%	$343K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.40	+0.042%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.063%	$1.6M	$2.6M	—	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	741.30	+0.028%	$12K	$506K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	741.58	+0.066%	$909	$9.5M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.41	+0.043%	$30K	$256K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	741.09	long leg	$107K	$286K	30x
Phemex METAUSDT	0.0000%	4h	741.39	+0.040%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.09	0.000%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.68	+0.080%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.85	−0.032%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.80	+0.096%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.29	+0.027%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.34	+0.034%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.35	+0.035%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.17	+0.011%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	+0.012%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.60	+0.069%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.65	+0.076%	$862K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0064%	1h	741.43	+0.046%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.024%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	+0.004%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0095%	1h	741.49	+0.054%	$68.6M	$121.0M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.22	+0.018%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.02	−0.009%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.24	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.14	+0.007%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.069%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0566%	4h	741.12	+0.005%	$62K	$332K	10x	as long as short