Funding arb · Price arb /

META

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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 +0.001%

Price spread now: Gate against SunX−0.037%7-day average −0.075% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.037%, 7d avg −0.075%

Together, before fees−0.101%−$10 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: Gate is 0.037% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	747.28	0	get 0.0000% / 8h	1m 02s	$1K	$8.0M	20x
Short	Gate META_USDT	747.00	0	get 0.0000% / 8h	1m 02s	$475K	$6.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.075%: $3.73
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.27
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Gate: live order book, 2 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	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.69 bp	16.4 bp −$16	35.2 bp −$352	doesn't fit	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	747.59	+0.041%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.28	+0.001%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.50	+0.029%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.61	+0.044%	$25.4M	$189.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.80	+0.070%	$7.6M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.42	+0.019%	$6.0M	$12.8M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	747.00	−0.037%	$475K	$6.3M	100x
Bitget METAUSDT	0.0000%	8h	747.50	+0.029%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.51	−0.102%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.20	−0.011%	$12K	$439K	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	747.28	long leg	$1K	$8.0M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	747.16	−0.016%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.51	+0.031%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.29	+0.001%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0014%	1h	746.80	−0.064%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.13	−0.020%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.92	+0.086%	$798K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.84	−0.059%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.76	+0.064%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.27	−0.001%	$568K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.49	+0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.78	−0.067%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	747.25	−0.005%	—	—	5x	as long as short
Popdex METAUSDT	+0.0080%	1h	747.35	+0.009%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.73	+0.060%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.64	−0.085%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.24	−0.005%	$1.6M	$733K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.64	−0.086%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.78	+0.067%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.61	+0.045%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.42	−0.115%	$643K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.302%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	748.06	+0.104%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.64	+0.048%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0562%	1h	747.93	+0.087%	$83.9M	$131.9M	20x	as long as short
Phoenix META	+0.0750%	1h	748.04	+0.102%	$799K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0907%	4h	746.95	−0.045%	$62K	$345K	10x	as long as short