Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps+0.101%7-day average +0.105% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.101%, 7d avg +0.105%

Together, before fees−0.040%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.105%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	740.40	0.0050	pay 0.0006% / 1h	5m 27s	$686K	$4.4M	10x
Short	SunX META-USDT	741.15	0	get 0.0000% / 8h	7h 05m	$867	$9.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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 Ondo PerpsbpFee SunXbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$10.58
Price spread: +0.101% → +0.105%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.93
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 4 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	28.16 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	740.40	0.000%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0086%	1h	740.56	+0.021%	$497K	$498K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.33	−0.009%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.67	+0.037%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.03	+0.085%	$27.4M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.16	+0.103%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.20	+0.108%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.74	+0.046%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.86	+0.062%	$5.6M	$11.2M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.058%	$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	−0.036%	$12K	$458K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	741.15	+0.101%	$867	$9.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.48	+0.011%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.73	+0.045%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.58	+0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.02	+0.084%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.14	+0.100%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.03	+0.085%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.82	+0.057%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.58	+0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	740.40	long leg	$686K	$4.4M	10x
QFEX META-USD	+0.0055%	1h	740.72	+0.043%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	740.88	+0.065%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.04	−0.049%	$110K	$331K	10x	as long as short
Hotstuff META-PERP	+0.0064%	1h	740.95	+0.074%	$33K	$105	20x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.61	+0.028%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.56	+0.022%	$1.6M	$453K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.128%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.56	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.36	−0.005%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.46	+0.008%	$614K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0168%	1h	740.98	+0.078%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	741.00	+0.081%	$862K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.213%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.42	+0.003%	$330K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.034%	$62K	$335K	10x	as long as short