Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter RH against SunX0.000%7-day average −0.009% · you sell dearer than you buy

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

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now 0.000%, 7d avg −0.009%

Together, before fees−0.050%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	742.90	0	get 0.0000% / 8h	2h 31m	$792	$8.4M	20x
Short	Lighter RH META	742.90	0.0032	get 0.0004% / 1h	31m 42s	$768K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.72
Price spread: 0.000% → −0.009%: $0.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$0.42
Costs to cover: 0.080%
Break-even: 7.4 days

Slippage unknown: SunX: live order book, 7 min ago; Lighter RH: live order book, 1 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, 7 min ago	276.79 bp	280.8 bp −$281	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	2.42 bp	3.7 bp −$4	7.1 bp −$71	46.9 bp −$4,688	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	743.10	+0.027%	$332K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0100%	1h	742.30	−0.081%	$31K	$264K	10x	as long as short
Aster METAUSDT	0.0000%	8h	743.40	+0.068%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.50	−0.054%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.70	−0.027%	$28.0M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.55	−0.047%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.48	−0.057%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.12	−0.105%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.68	−0.030%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.87	−0.004%	$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	742.75	−0.020%	$12K	$445K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	742.90	long leg	$792	$8.4M	20x
HTX META-USDT	0.0000%	8h	742.48	−0.057%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.84	−0.008%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	742.90	0.000%	$768K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	742.62	−0.038%	$110K	$332K	10x	as long as short
Nado META-PERP	+0.0043%	1h	742.63	−0.036%	$480K	$557K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.60	+0.094%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.04	+0.019%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.59	−0.042%	$584K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.74	−0.022%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.18	−0.097%	$729K	$4.8M	10x	as long as short
Popdex METAUSDT	+0.0064%	1h	742.96	+0.008%	$178K	$200K	20x	as long as short
Paradex META-USD-PERP	+0.0079%	8h	742.61	−0.039%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	743.70	+0.107%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.85	−0.007%	$1.6M	$641K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.33	−0.077%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.78	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.57	−0.044%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	742.24	−0.089%	$659K	$7.7M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.404%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0297%	4h	743.02	+0.017%	$62K	$340K	10x	as long as short
Lighter META	+0.0344%	1h	742.96	+0.008%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	743.18	+0.038%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0451%	1h	742.90	0.000%	$74.3M	$124.6M	20x	as long as short
Phoenix META	+0.0685%	1h	744.26	+0.183%	$795K	$1.4M	20x	as long as short