Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.064%

Price spread now: Arcus against SunX−0.019%7-day average −0.047% · you buy dearer than you sell

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

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.136%+$14 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now −0.019%, 7d avg −0.047%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.028% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	742.79	0	get 0.0000% / 8h	51m 05s	$902	$9.5M	20x
Short	Arcus META-USD	742.65	0.0040	get 0.0005% / 1h	51m 05s	$110K	$481K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.019%Rate

Funding earned: $8.46
Price spread: −0.019% → −0.047%: $2.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$1.27
Costs to cover: 0.125%
Break-even: 8.1 days

Slippage unknown: SunX: live order book, 8 min ago; Arcus: live order book, 28 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 SunX live order book, 8 min ago	500.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 28 min ago	1.42 bp	8.6 bp −$9	9.4 bp −$94	19.1 bp −$1,905	doesn't fit

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	743.07	+0.038%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0042%	1h	742.86	+0.009%	$391K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.91	+0.016%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.88	+0.012%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.05	+0.035%	$27.2M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.06	+0.036%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.19	+0.054%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.62	−0.023%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.00	+0.028%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.51	−0.037%	$2.1M	$3.1M	—	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	743.03	+0.033%	$12K	$485K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	742.79	long leg	$902	$9.5M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.87	+0.011%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.90	+0.015%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.65	−0.019%	$2.0M	$7K	10x	as long as short
edgeX METAUSDC	+0.0022%	4h	742.87	+0.011%	$62K	$331K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.00	+0.028%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.35	+0.075%	$761K	$3.2M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	742.65	−0.019%	$110K	$481K	10x
Vest META-USD-PERP	+0.0046%	1h	743.38	+0.079%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.036%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.16	+0.050%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.05	+0.035%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.36	−0.058%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.95	+0.021%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.47	+0.092%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.066%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.86	+0.009%	$1.6M	$375K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.77	−0.003%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.01	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.92	+0.018%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	+0.032%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.17	+0.051%	$33K	$105	20x	as long as short
Lighter META	+0.0176%	1h	743.33	+0.073%	$864K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0213%	1h	743.25	+0.062%	$67.5M	$122.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.008%	$169K	$46K	30x	as long as short