Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.020%

Price spread now: Popdex against SunX−0.004%7-day average −0.012% · you buy dearer than you sell

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

Long on SunX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.341%−$34 · spread now −0.004%, 7d avg −0.012%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, 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	745.04	0	get 0.0000% / 8h	7h 45m	$1K	$7.9M	20x
Short	Popdex METAUSDT	745.01	0.0048	get 0.0006% / 1h	45m 28s	$180K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.004%Rate

Funding earned: $10.08
Price spread: −0.004% → −0.012%: $0.82
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$3.5
Costs to cover: 0.144%
Break-even: 9.4 days

Slippage unknown: SunX: live order book, 4 min ago; Popdex: live order book, 53 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, 4 min ago	277.29 bp	281.3 bp −$281	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 53 min ago	0.87 bp	4.3 bp −$4	7.5 bp −$75	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	745.52	+0.064%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0046%	1h	744.77	−0.036%	$480K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	+0.129%	$489K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.96	−0.011%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.15	+0.015%	$25.7M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.90	−0.019%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.82	−0.030%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.66	−0.051%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.85	−0.026%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	−0.029%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.46	+0.190%	$12K	$443K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	745.04	long leg	$1K	$7.9M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.71	−0.044%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.78	−0.035%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.46	+0.056%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.28	+0.032%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.90	−0.019%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.71	−0.044%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.30	+0.035%	—	$12K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	745.01	−0.004%	$180K	$205K	20x
Polymarket Perps META-USD	+0.0050%	1h	744.66	−0.051%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.86	−0.024%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.50	−0.072%	$724K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	744.85	−0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0082%	1h	745.56	+0.070%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.01	−0.004%	$635	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	+0.042%	$1.6M	$752K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.032%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.27	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.04	0.000%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	−0.072%	$652K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.408%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	745.48	+0.059%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0254%	1h	745.04	0.000%	$84.2M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.017%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0372%	4h	746.05	+0.135%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.150%	$797K	$1.5M	20x	as long as short