Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against SunX+0.062%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.062% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	741.40	0	get 0.0000% / 8h	26m 53s	$709	$9.5M	20x
Short	Vest META-USD-PERP	741.86	0.0046	get 0.0006% / 1h	26m 53s	—	$11K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.062%Rate

Funding earned: $9.59
Price spread: +0.062% → 0.000%: $6.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: $5.8
Costs to cover: 0.100%
Break-even: 2.8 days

Slippage unknown: SunX: live order book, 12 min ago; Vest: no order-book sample. 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, 12 min ago	28.18 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	741.75	+0.047%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	740.99	−0.055%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.40	0.000%	$457K	$539K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.51	+0.015%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.80	+0.054%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.63	+0.031%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.71	+0.042%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.19	−0.028%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.65	+0.034%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.34	+0.127%	$2.3M	$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	742.25	+0.115%	$12K	$480K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	741.40	long leg	$709	$9.5M	20x
HTX META-USDT	0.0000%	8h	741.46	+0.008%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.33	+0.125%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.72	+0.043%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.67	+0.036%	$755K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.40	0.000%	$110K	$454K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	741.86	+0.062%	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	741.76	+0.049%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.62	+0.030%	$546K	$845K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.61	+0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.58	+0.024%	$761K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	741.25	−0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	742.51	+0.150%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.41	+0.001%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.64	+0.032%	$1.6M	$384K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.76	+0.049%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.72	+0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.61	+0.028%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	742.09	+0.093%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0152%	1h	741.60	+0.027%	$33K	$105	20x	as long as short
Lighter META	+0.0192%	1h	741.69	+0.039%	$856K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.399%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0250%	1h	741.66	+0.035%	$67.7M	$122.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0344%	1h	741.36	−0.005%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0994%	4h	742.29	+0.120%	$62K	$334K	10x	as long as short