Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.013%

Price spread now: KuCoin against Nado+0.068%7-day average −0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1541.535% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.159%+$16 on $10k

Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.068%, 7d avg −0.004%

Together, before fees+0.202%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.072% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	739.64	0.0026	pay 0.0003% / 1h	50m 14s	$381K	$336K	20x
Short	KuCoin METAUSDTM	740.14	0.0100	get 0.0100% / 8h	7h 50m	$1.6M	$413K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Nado. 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 NadobpFee KuCoinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $15.46
Price spread: +0.068% → −0.004%: $7.17
Slippage, 4 orders: −$134.53
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$130.9
Costs to cover: 1.535%
Break-even: 66.3 days

Slippage from Nado: live order book, 23 min ago; KuCoin: live order book, 6 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 Nado live order book, 23 min ago	0.41 bp	13.5 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	5.20 bp	87.2 bp −$87	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	740.01	+0.051%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.90	+0.172%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.97	+0.046%	$552K	$1.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.06	+0.058%	$27.4M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.09	+0.061%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.94	+0.041%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.58	−0.007%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.99	+0.048%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.73	+0.013%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.20	+0.076%	$12K	$486K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.01	+0.051%	$779	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.62	−0.002%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.13	+0.067%	$2.0M	$7K	10x	as long as short
Nado META-PERPlong	+0.0026%	1h	739.64	long leg	$381K	$336K	20x
Lighter RH META	+0.0032%	1h	740.22	+0.079%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.14	+0.068%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.14	+0.068%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.87	+0.032%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.88	+0.033%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.07	−0.076%	$735K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.99	+0.048%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.69	+0.007%	$110K	$331K	10x	as long as short
Hotstuff META-PERP	+0.0064%	1h	739.69	+0.007%	$33K	$105	20x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	739.62	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.11	+0.064%	$49K	$77K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	740.14	+0.068%	$1.6M	$413K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.48	−0.021%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.00	+0.049%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.94	+0.041%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0114%	1h	739.97	+0.045%	$67.6M	$121.2M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.064%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.93	+0.310%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.29	+0.089%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.13	+0.067%	$277K	$930K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0359%	1h	739.96	+0.044%	$30K	$253K	10x	as long as short
edgeX METAUSDC	+0.0474%	4h	740.08	+0.059%	$62K	$333K	10x	as long as short