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 0.000%

Price spread now: HTX against SunX+0.004%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.004%, 7d avg −0.037%

Together, before fees−0.039%−$4 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: HTX is 0.041% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	739.25	0	get 0.0000% / 8h	7h 30m	$679	$9.3M	20x
Short	HTX META-USDT	739.28	0	get 0.0000% / 8h	7h 30m	$106K	$291K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.037%: $4.1
Slippage, 4 orders: −$64.32
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$80.22
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; HTX: live order book, 41 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	28.11 bp	32.1 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell HTX live order book, 41 min ago	2.70 bp	8.7 bp −$9	12.6 bp −$126	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
BloFin META-USDT	−0.0120%	8h	739.50	+0.034%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.52	+0.036%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.33	+0.011%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.49	+0.032%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.55	+0.041%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.27	+0.003%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.95	−0.041%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.37	+0.016%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.38	+0.018%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	738.91	−0.046%	$12K	$479K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTlong	0.0000%	8h	739.25	long leg	$679	$9.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.21	−0.005%	$30K	$245K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	739.28	+0.004%	$106K	$291K	30x
Phemex METAUSDT	0.0000%	4h	738.98	−0.037%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	739.07	−0.025%	$371K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.65	+0.054%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.55	+0.041%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.49	+0.032%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.20	−0.007%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.38	+0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.66	−0.080%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.33	+0.011%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.70	−0.074%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	739.23	−0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.39	+0.018%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.49	+0.032%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.43	+0.024%	$1.6M	$430K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.62	−0.085%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.51	+0.035%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.34	+0.012%	$266	—	10x	as long as short
edgeX METAUSDC	+0.0143%	4h	738.77	−0.065%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.103%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0176%	1h	739.44	+0.026%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.02	+0.239%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	739.66	+0.055%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	+0.014%	$277K	$930K	20x	as long as short