Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.010%

Price spread now: SunX against Nado+0.057%7-day average +0.045% · 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−$82as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.057%, 7d avg +0.045%

Together, before fees+0.178%+ Points / potential airdropNado: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	743.51	−0.0012	get 0.0001% / 1h	48m 41s	$481K	$553K	20x
Short	SunX META-USDT	743.94	0	get 0.0000% / 8h	3h 48m	$646	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $2.42
Price spread: +0.057% → +0.045%: $1.29
Slippage, 4 orders: −$68
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$79.29
Costs to cover: 0.830%
Break-even: 236.4 days

Slippage from Nado: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.67 bp	13.6 bp −$14	99.7 bp −$997	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	28.15 bp	32.1 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	743.96	+0.060%	$328K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0012%	1h	743.51	long leg	$481K	$553K	20x
Aster METAUSDT	0.0000%	8h	744.06	+0.073%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.39	+0.118%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.56	+0.141%	$28.4M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.18	+0.090%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.45	+0.126%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.36	−0.021%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.10	+0.079%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.05	+0.073%	$2.4M	$3.2M	—	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	744.65	+0.153%	$12K	$452K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	743.94	+0.057%	$646	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.49	−0.003%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.80	+0.039%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.53	+0.137%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.32	+0.109%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.83	+0.043%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.11	+0.080%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.88	+0.049%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	+0.017%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.92	+0.055%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.23	−0.038%	$800K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	743.80	+0.039%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.72	+0.163%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0097%	8h	744.40	+0.119%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.26	+0.101%	$1.6M	$599K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.72	+0.028%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.97	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.80	+0.038%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.82	+0.041%	$623K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.410%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.11	+0.080%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	744.28	+0.103%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0319%	1h	744.18	+0.090%	$70.0M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0578%	4h	744.50	+0.133%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.266%	$758K	$1.4M	20x	as long as short