Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.98 per $10,000 · paid last 24h —

Price spread now: SunX against Paradex−0.033%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.033% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	744.82	0.0098	pay 0.0098% / 8h	3h 47m	—	—	5x
Short	SunX META-USDT	744.57	0	get 0.0000% / 8h	3h 47m	$800	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Paradex. 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 ParadexbpFee SunXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$20.49
Price spread: −0.033% → 0.000%: −$3.3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$35.79
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SunX: live order book, 11 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 Paradex no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	28.15 bp	32.1 bp −$32	61.7 bp −$617	doesn't fit	doesn't fit

Paradex: 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	743.96	−0.115%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0015%	1h	743.63	−0.159%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.43	−0.051%	$469K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.82	0.000%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.03	+0.029%	$28.4M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.55	−0.036%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.71	−0.014%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.49	−0.044%	$364K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.83	+0.002%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.05	−0.102%	$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	−0.022%	$12K	$452K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	744.57	−0.033%	$800	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.18	−0.085%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.66	−0.021%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.69	−0.017%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.02	+0.027%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.05	−0.103%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.44	−0.050%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.90	+0.011%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.28	−0.072%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.32	−0.067%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.23	−0.213%	$800K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	744.76	−0.008%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.94	+0.017%	$52K	$82K	10x	as long as short
Paradex META-USD-PERPlong	+0.0098%	8h	744.82	long leg	—	—	5x
KuCoin METAUSDTM	+0.0100%	8h	744.50	−0.042%	$1.6M	$601K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.72	−0.147%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.64	−0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.53	−0.039%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.02	−0.107%	$617K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.234%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	744.67	−0.020%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	745.16	+0.046%	$863K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0330%	1h	745.07	+0.034%	$70.1M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0578%	4h	744.50	−0.042%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.090%	$758K	$1.4M	20x	as long as short