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 −0.031%

Price spread now: SunX against Binance−0.026%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$770.774% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 2 days (all we have)+0.048%+$5 · spread now −0.026%, 7d avg +0.018%

Together, before fees+0.093%+$9 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: SunX is 0.043% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	740.12	0	get 0.0000% / 8h	6h 15m	$27.3M	$179.2M	20x
Short	SunX META-USDT	739.93	0	get 0.0000% / 8h	6h 15m	$959	$9.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.018%: −$4.33
Slippage, 4 orders: −$59.38
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$81.71
Costs to cover: 0.774%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; SunX: live order book, 4 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 Binance live order book, 13 min ago	0.07 bp	6.4 bp −$6	13.4 bp −$134	48.2 bp −$4,825	doesn't fit
Sell SunX live order book, 4 min ago	28.24 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit

META on 35 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
Nado META-PERP	−0.0120%	1h	739.73	−0.053%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.66	+0.072%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.94	−0.024%	$550K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	740.12	long leg	$27.3M	$179.2M	20x
Bybit METAUSDT	0.0000%	8h	739.90	−0.030%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.018%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.77	−0.047%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.022%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.06	−0.008%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.005%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTshort	0.0000%	8h	739.93	−0.026%	$959	$9.2M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.59	−0.072%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.12	0.000%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	+0.015%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.05	−0.009%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.35	+0.031%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.74	−0.051%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	+0.026%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.12	0.000%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.86	−0.035%	$557K	$701K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.55	−0.077%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.89	−0.031%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.103%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.16	+0.005%	$1.6M	$487K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	−0.051%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.05	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.96	−0.022%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.073%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.27	+0.020%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.13	+0.001%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.311%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0245%	1h	740.09	−0.004%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.099%	$438K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	−0.019%	$62K	$336K	10x	as long as short