Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: Binance against SunX−0.024%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.024%, 7d avg −0.003%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.021% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	745.70	0	get 0.0000% / 8h	42m 18s	$943	$8.1M	20x
Short	Binance METAUSDT	745.52	0	get 0.0000% / 8h	42m 18s	$25.2M	$188.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.003%: −$2.12
Slippage, 4 orders: −$57.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$77.74
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Binance: live order book, 1 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 SunX live order book, 7 min ago	28.15 bp	32.1 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.20 bp	5.3 bp −$5	9.9 bp −$99	38.0 bp −$3,803	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	745.13	−0.076%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.52	−0.024%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.24	−0.061%	$548K	$3.4M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	745.52	−0.024%	$25.2M	$188.5M	20x
Bybit METAUSDT	0.0000%	8h	745.11	−0.079%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	−0.040%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.97	−0.098%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.45	−0.034%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	744.45	−0.168%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.63	−0.144%	$12K	$438K	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-USDTlong	0.0000%	8h	745.70	long leg	$943	$8.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.86	−0.113%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.71	−0.133%	$107K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.89	−0.109%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.30	−0.054%	$2.2M	$13.9M	10x	as long as short
Nado META-PERP	+0.0037%	1h	744.77	−0.125%	$480K	$560K	20x	as long as short
Lighter RH META	+0.0040%	1h	745.64	−0.008%	$789K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.43	−0.170%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.58	−0.016%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.15	−0.074%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.33	−0.050%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.90	−0.241%	$728K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	745.12	−0.078%	—	—	5x	as long as short
Popdex METAUSDT	+0.0056%	1h	745.58	−0.016%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.48	−0.030%	$47K	$88K	10x	as long as short
Pacifica META	+0.0100%	1h	745.20	−0.067%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.04	−0.089%	$1.6M	$714K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.231%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.14	−0.075%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.02	−0.091%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.39	−0.176%	$643K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.109%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	744.96	−0.099%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	745.67	−0.004%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0484%	4h	744.08	−0.218%	$62K	$345K	10x	as long as short
tradeXYZ xyz:META	+0.0543%	1h	745.83	+0.017%	$81.0M	$129.7M	20x	as long as short
Phoenix META	+0.0750%	1h	745.72	+0.003%	$796K	$1.5M	20x	as long as short