Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.054%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 SunX

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 pays, funding is against you. SunX is 0.054% dearer against SoDEX than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	740.65	0.0050	pay 0.0006% / 1h	48m 27s	$24K	$3K	10x
Short	SunX META-USDT	741.05	0	get 0.0000% / 8h	1h 48m	$886	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$10.5
Price spread: +0.054% → 0.000%: $5.4
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.1
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 11 min ago	28.16 bp	32.2 bp −$32	61.7 bp −$617	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 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	740.79	+0.019%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.42	−0.031%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.20	+0.074%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.45	−0.027%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.56	−0.012%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.47	−0.024%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.48	−0.023%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.11	−0.073%	$327K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.64	−0.001%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.53	−0.016%	$1.6M	$2.6M	—	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	740.86	+0.028%	$12K	$518K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	741.05	+0.054%	$886	$9.5M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.47	−0.024%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.43	−0.030%	$105K	$284K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.61	−0.005%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.59	−0.008%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.91	+0.035%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.44	−0.028%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.01	+0.049%	—	$9K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.69	+0.005%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.68	+0.004%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.70	+0.007%	$541K	$840K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	740.65	long leg	$24K	$3K	10x
Paradex META-USD-PERP	+0.0050%	8h	740.52	−0.017%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.54	−0.015%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.36	+0.095%	$48K	$64K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.034%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.71	+0.008%	$291K	$791K	20x	as long as short
Lighter META	+0.0096%	1h	740.89	+0.032%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.54	−0.015%	$1.6M	$358K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.20	−0.061%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.69	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.61	−0.005%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0135%	1h	740.62	−0.004%	$68.5M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.50	−0.020%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0319%	4h	740.64	−0.001%	$62K	$330K	10x	as long as short