Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h +0.019%

Price spread now: KuCoin against QFEX−0.008%7-day average −0.036% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 7 days−0.065%−$6 · spread now −0.008%, 7d avg −0.036%

Together, before fees+0.024%+$2 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 0.028% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	745.25	0.0031	pay 0.0004% / 1h	36m 09s	$2.2M	$13.9M	10x
Short	KuCoin METAUSDTM	745.19	0.0100	get 0.0100% / 8h	36m 09s	$1.6M	$717K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against QFEX. 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 QFEXbpFee KuCoinbpOrdersPrice spread, now −0.008%Rate

Funding earned: $14.45
Price spread: −0.008% → −0.036%: $2.84
Slippage, 4 orders: −$94.27
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.98
Costs to cover: 1.163%
Break-even: 55.0 days

Slippage from QFEX: live order book, 8 min ago; KuCoin: 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 QFEX live order book, 8 min ago	1.95 bp	6.9 bp −$7	7.4 bp −$74	18.6 bp −$1,858	doesn't fit
Sell KuCoin live order book, 10 min ago	4.77 bp	76.1 bp −$76	doesn't fit	doesn't fit	doesn't fit

META on 37 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	745.50	+0.034%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	−0.034%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.38	+0.018%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.59	+0.046%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.40	+0.020%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.68	+0.058%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.01	−0.032%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.47	+0.030%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.36	+0.015%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.58	+0.044%	$12K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.34	+0.012%	$695	$8.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.26	+0.001%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.68	+0.058%	$2.0M	$8K	10x	as long as short
QFEX META-USDlong	+0.0031%	1h	745.25	long leg	$2.2M	$13.9M	10x
Nado META-PERP	+0.0035%	1h	744.76	−0.066%	$480K	$560K	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.05	−0.027%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.64	+0.052%	—	$12K	25x	as long as short
Lighter RH META	+0.0048%	1h	745.61	+0.048%	$789K	$3.1M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.26	+0.001%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.38	+0.017%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.67	−0.078%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.17	−0.010%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	745.49	+0.032%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.139%	$48K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.53	+0.037%	$25	$189	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	745.19	−0.008%	$1.6M	$717K	20x
ApeX Omni METAUSDT	+0.0100%	1h	744.72	−0.071%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.53	+0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.36	+0.014%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.36	+0.015%	$644K	$7.9M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0180%	1h	745.04	−0.028%	$34K	$275K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.169%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.66	+0.055%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	745.81	+0.075%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0563%	1h	746.00	+0.101%	$81.2M	$129.7M	20x	as long as short
Phoenix META	+0.0750%	1h	746.69	+0.193%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0984%	4h	745.38	+0.017%	$62K	$344K	10x	as long as short