Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.034%

Price spread now: Arcus against KuCoin−0.068%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.068%, 7d avg +0.005%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.12	0.0100	pay 0.0100% / 8h	6h 41m	$1.6M	$469K	20x
Short	Arcus META-USD	739.62	0.0040	get 0.0005% / 1h	41m 01s	$110K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$12.54
Price spread: −0.068% → +0.005%: −$7.28
Slippage, 4 orders: −$83.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$119.74
Costs to cover: 0.999%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Arcus: live order book, 28 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 KuCoin live order book, 10 min ago	2.97 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 28 min ago	2.84 bp	12.5 bp −$12	14.8 bp −$148	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
Nado META-PERP	−0.0144%	1h	739.91	−0.028%	$478K	$547K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.018%	$327K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0115%	1h	739.37	−0.101%	$31K	$244K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.66	+0.073%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.69	−0.058%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.83	−0.039%	$27.3M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.00	−0.016%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.82	−0.041%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.60	−0.070%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.86	−0.035%	$5.5M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.73	−0.053%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.13	+0.002%	$12K	$444K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.97	−0.020%	$865	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.51	−0.082%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.05	−0.009%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.81	−0.042%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.12	0.000%	$750K	$3.0M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	739.62	−0.068%	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.030%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.84	−0.038%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.78	−0.046%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.84	−0.038%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.24	−0.119%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.85	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.46	+0.047%	$49K	$80K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.12	long leg	$1.6M	$469K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.34	−0.105%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.82	−0.041%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.66	−0.062%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.091%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0112%	1h	740.06	−0.008%	$855K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0144%	1h	739.98	−0.019%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.58	−0.073%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0254%	1h	739.99	−0.018%	$68.3M	$120.5M	20x	as long as short
Phoenix META	+0.0313%	1h	740.70	+0.078%	$381K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	740.02	−0.013%	$62K	$334K	10x	as long as short