META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against SunX+0.003%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1481.483% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.003%, 7d avg −0.053%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.056% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	743.94	0	get 0.0000% / 8h	3h 49m	$646	$9.1M	20x
Short	KuCoin METAUSDTM	743.96	0.0100	get 0.0100% / 8h	3h 49m	$1.6M	$599K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $21
Price spread: +0.003% → −0.053%: $5.59
Slippage, 4 orders: −$128.32
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$121.73
Costs to cover: 1.483%
Break-even: 47.6 days

Slippage from SunX: live order book, 10 min ago; KuCoin: live order book, 2 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, 10 min ago	28.15 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.03 bp	54.5 bp −$55	doesn't fit	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	743.96	+0.003%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0012%	1h	743.51	−0.057%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.05	+0.015%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.73	−0.029%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.90	−0.005%	$28.4M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.62	−0.043%	$7.6M	$14.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.92	−0.003%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.62	−0.043%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.92	−0.003%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.05	+0.015%	$2.4M	$3.2M	—	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	744.65	+0.095%	$12K	$452K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	743.94	long leg	$646	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.49	−0.060%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.80	−0.019%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.53	+0.079%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.07	+0.017%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.88	−0.008%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.11	+0.023%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.88	−0.008%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.040%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.92	−0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.23	−0.095%	$800K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	743.80	−0.019%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.72	+0.105%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0098%	8h	743.83	−0.015%	—	—	5x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	743.96	+0.003%	$1.6M	$599K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.72	−0.030%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.97	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.80	−0.019%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.82	−0.016%	$623K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.352%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.11	+0.023%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	744.03	+0.012%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0319%	1h	743.99	+0.007%	$70.0M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0578%	4h	744.50	+0.075%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.208%	$758K	$1.4M	20x	as long as short