Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: SunX against OKX−0.001%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.001%, 7d avg +0.026%

Together, before fees+0.087%+$9 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% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	739.26	0	get 0.0000% / 8h	7h 30m	$6.0M	$13.2M	20x
Short	SunX META-USDT	739.25	0	get 0.0000% / 8h	7h 30m	$679	$9.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → +0.026%: −$2.77
Slippage, 4 orders: −$63.42
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$84.2
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; SunX: live order book, 8 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 OKX live order book, 2 min ago	0.68 bp	7.8 bp −$8	21.4 bp −$214	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	28.11 bp	32.1 bp −$32	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	739.50	+0.032%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.53	+0.036%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.36	+0.014%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.50	+0.032%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.58	+0.043%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	739.26	long leg	$6.0M	$13.2M	20x
Gate META_USDT	0.0000%	8h	738.96	−0.041%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.36	+0.014%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.38	+0.016%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	738.91	−0.048%	$12K	$479K	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-USDTshort	0.0000%	8h	739.25	−0.001%	$679	$9.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.21	−0.007%	$30K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.28	+0.003%	$106K	$291K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	738.98	−0.038%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	739.14	−0.016%	$371K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.70	+0.060%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.50	+0.032%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.49	+0.031%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.22	−0.005%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.38	+0.016%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.50	−0.103%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.34	+0.011%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.55	−0.096%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	739.24	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.39	+0.017%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.47	+0.028%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.44	+0.024%	$1.6M	$430K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.62	−0.087%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.51	+0.034%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.34	+0.011%	$266	—	10x	as long as short
edgeX METAUSDC	+0.0143%	4h	738.77	−0.066%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.104%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0175%	1h	739.48	+0.030%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.02	+0.238%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	739.66	+0.054%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	+0.012%	$277K	$930K	20x	as long as short