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 +0.025%

Price spread now: Bybit against SunX−0.034%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1551.552% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now −0.034%, 7d avg −0.022%

Together, before fees−0.020%−$2 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	740.31	0	get 0.0000% / 8h	6h 49m	$853	$9.3M	20x
Short	Bybit METAUSDT	740.06	0	get 0.0000% / 8h	6h 49m	$7.5M	$13.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.022%: −$1.23
Slippage, 4 orders: −$136.16
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$156.39
Costs to cover: 1.552%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago	63.21 bp	67.2 bp −$67	96.1 bp −$961	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.70 bp	10.6 bp −$11	17.8 bp −$178	doesn't fit	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
Nado META-PERP	−0.0222%	1h	739.95	−0.048%	$485K	$541K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.31	0.000%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.49	+0.024%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.00	−0.042%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.17	−0.019%	$27.4M	$179.8M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	740.06	−0.034%	$7.5M	$13.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.05	−0.035%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.94	−0.050%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.21	−0.014%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.19	−0.016%	$2.4M	$3.3M	—	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	740.28	−0.004%	$13K	$452K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	740.31	long leg	$853	$9.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.73	−0.078%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.05	−0.035%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.46	+0.020%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.10	−0.028%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.38	+0.009%	$750K	$3.0M	20x	as long as short
Lighter META	+0.0040%	1h	740.32	+0.001%	$856K	$2.4M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.90	−0.055%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	+0.036%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.32	+0.001%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.98	−0.045%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.18	−0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.80	−0.069%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	740.06	−0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.12	+0.109%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0072%	1h	740.47	+0.022%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.16	−0.020%	$1.6M	$462K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.92	−0.053%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.03	−0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.86	−0.060%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.05	−0.035%	$610K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0203%	1h	740.30	−0.001%	$68.2M	$120.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.23	−0.011%	$171K	$48K	30x	as long as short
Phoenix META	+0.0313%	1h	741.10	+0.107%	$360K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0523%	4h	740.27	−0.005%	$62K	$335K	10x	as long as short