Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX+0.013%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	SoDEX META-USD	745.70	0.0050	pay 0.0006% / 1h	56m 00s	$25K	$3K	10x
Short	KuCoin METAUSDTM	745.80	0.0100	get 0.0100% / 8h	56m 00s	$1.6M	$704K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: $10.5
Price spread: +0.013% → 0.000%: $1.34
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.16
Costs to cover: 0.200%
Break-even: 12.4 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 10 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	5.23 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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 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	746.00	+0.040%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.84	+0.019%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.47	−0.031%	$547K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.68	−0.003%	$25.0M	$188.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.45	−0.034%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.91	+0.028%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.20	−0.067%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.51	−0.025%	$5.5M	$12.5M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	−0.010%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.71	+0.001%	$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	745.77	+0.009%	$975	$8.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.49	−0.028%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.90	+0.027%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0005%	1h	745.38	−0.043%	$34K	$275K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.78	+0.011%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.70	0.000%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.15	+0.060%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.42	−0.038%	$565K	$597K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	745.70	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.15	−0.074%	$723K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.67	−0.004%	—	—	5x	as long as short
Lighter RH META	+0.0080%	1h	745.90	+0.027%	$786K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.51	+0.109%	$52K	$81K	10x	as long as short
Nado META-PERP	+0.0090%	1h	745.61	−0.012%	$480K	$560K	20x	as long as short
Pacifica META	+0.0100%	1h	745.37	−0.045%	$13	$106	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	745.80	+0.013%	$1.6M	$704K	20x
ApeX Omni METAUSDT	+0.0100%	1h	745.11	−0.079%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.86	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.68	−0.002%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.70	0.000%	$647K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0160%	1h	745.81	+0.015%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.378%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0320%	1h	746.41	+0.095%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0425%	4h	745.91	+0.028%	$62K	$342K	10x	as long as short
Lighter META	+0.0472%	1h	746.20	+0.067%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0533%	1h	746.00	+0.040%	$78.9M	$128.5M	20x	as long as short
Phoenix META	+0.0739%	1h	747.14	+0.193%	$798K	$1.5M	20x	as long as short