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 +0.004%

Price spread now: Bitget against SunX−0.027%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.027%, 7d avg −0.021%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	742.17	0	get 0.0000% / 8h	4h 27m	$779	$9.1M	20x
Short	Bitget METAUSDT	741.97	0	get 0.0000% / 8h	4h 27m	$5.3M	$11.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.021%: −$0.58
Slippage, 4 orders: −$63.74
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.32
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Bitget: 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, 12 min ago	28.16 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.81 bp	9.8 bp −$10	19.8 bp −$198	37.3 bp −$3,730	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	742.14	−0.004%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	741.76	−0.056%	$479K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.35	+0.024%	$468K	$552K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.49	−0.092%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.86	−0.041%	$27.6M	$180.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.79	−0.051%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.15	−0.003%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.62	−0.074%	$364K	$5.7M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	741.97	−0.027%	$5.3M	$11.7M	100x
Variational Omni META	0.0000%	8h	742.03	−0.020%	$2.4M	$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	742.14	−0.004%	$13K	$440K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	742.17	long leg	$779	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.29	−0.119%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.71	−0.062%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.34	+0.023%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.91	−0.035%	$770K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	741.90	−0.036%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.75	−0.057%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.15	−0.003%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.10	−0.009%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.90	−0.036%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.88	−0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.33	−0.113%	$709K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	741.94	−0.031%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0082%	1h	742.50	+0.045%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.01	−0.022%	$1.6M	$546K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.33	−0.113%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.79	−0.051%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.66	−0.069%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	741.90	−0.036%	$625K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	742.23	+0.008%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.60	−0.077%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	741.88	−0.039%	$857K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0297%	1h	741.90	−0.036%	$69.5M	$120.4M	20x	as long as short
edgeX METAUSDC	+0.0489%	4h	742.38	+0.028%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	743.01	+0.113%	$673K	$1.2M	20x	as long as short