Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.068%

Price spread now: edgeX against KuCoin−0.076%68s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as 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−$1101.102% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.355%+$35 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.076%, 7d avg +0.029%

Together, before fees+0.457%+ Points / potential airdropedgeX: Active · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.105% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of +0.029%). If the spread goes back, that is −$11 on $10k: about 29 hours of funding at the current rate (+$9 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.71	0.0100	pay 0.0100% / 8h	7h 04m	$1.6M	$454K	20x
Short	edgeX METAUSDC	740.15	0.0394	get 0.0197% / 4h	3h 04m	$62K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $61.82
Price spread: −0.076% → +0.029%: −$10.53
Slippage, 4 orders: −$89.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$58.95
Costs to cover: 1.102%
Break-even: 13.7 days

Slippage from KuCoin: live order book, 6 min ago; edgeX: 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 KuCoin live order book, 6 min ago	3.72 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	5.13 bp	9.8 bp −$10	11.3 bp −$113	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	740.79	+0.011%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0090%	1h	740.71	+0.001%	$498K	$508K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.42	−0.039%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.63	−0.011%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.89	+0.024%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.14	+0.058%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.85	+0.019%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.69	−0.003%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.75	+0.005%	$5.6M	$11.2M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.016%	$2.4M	$3.3M	—	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	740.13	−0.078%	$12K	$458K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.20	+0.066%	$755	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.63	−0.011%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.66	−0.007%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.64	−0.009%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.00	+0.039%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.22	+0.069%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.83	+0.016%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.75	+0.005%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.84	+0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.22	−0.066%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.59	−0.016%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.91	+0.028%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.14	−0.077%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.95	+0.033%	$48K	$80K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.71	long leg	$1.6M	$454K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.170%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.82	+0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.60	−0.016%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.86	+0.020%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.63	−0.011%	$608K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	741.00	+0.039%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	740.98	+0.036%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.171%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.42	−0.039%	$330K	$930K	20x	as long as short
edgeX METAUSDCshort	+0.0394%	4h	740.15	−0.076%	$62K	$335K	10x