Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.039%

Price spread now: Aftermath Perps against SunX−0.060%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.060% cheaper against SunX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	748.54	0	get 0.0000% / 8h	3h 10m	$729	$8.8M	20x
Short	Aftermath Perps METAUSD	748.09	0.0083	get 0.0010% / 1h	10m 00s	$52K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.060%Rate

Funding earned: $17.43
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$5.61
Costs to cover: 0.170%
Break-even: 9.3 days

Slippage unknown: SunX: live order book, 9 min ago; Aftermath Perps: no order-book sample. 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 SunX live order book, 9 min ago	28.07 bp	32.1 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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	748.57	+0.004%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	747.91	−0.084%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.69	−0.114%	$493K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.89	−0.087%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	748.04	−0.067%	$28.6M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	748.17	−0.049%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	748.00	−0.072%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	748.02	−0.069%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	748.56	+0.002%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.24	−0.173%	$12K	$451K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTlong	0.0000%	8h	748.54	long leg	$729	$8.8M	20x
HTX META-USDT	0.0000%	8h	748.35	−0.025%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	748.53	−0.001%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0017%	1h	748.23	−0.041%	$33K	$250K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.67	+0.017%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.50	−0.139%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	749.03	+0.065%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	748.26	−0.037%	$589K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.05	−0.199%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	748.00	−0.072%	$773K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	748.51	−0.004%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	748.29	−0.033%	—	—	5x	as long as short
Bitget METAUSDT	+0.0067%	8h	747.99	−0.073%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSDshort	+0.0083%	1h	748.09	−0.060%	$52K	$82K	10x
Popdex METAUSDT	+0.0096%	1h	748.68	+0.019%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.75	−0.106%	$1.6M	$622K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.51	−0.271%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	748.61	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	748.46	−0.011%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	748.05	−0.065%	$661K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.71	−0.244%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	748.60	+0.008%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	748.70	+0.021%	$876K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0333%	1h	748.51	−0.004%	$71.6M	$121.7M	20x	as long as short
Phoenix META	+0.0633%	1h	747.82	−0.096%	$798K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0737%	4h	747.08	−0.195%	$62K	$337K	10x	as long as short