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 −0.004%

Price spread now: SunX against Bitget−0.008%7-day average +0.022% · you buy dearer than you sell

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.344%+$34 · spread now −0.008%, 7d avg +0.022%

Together, before fees+0.340%+$34 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 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	742.85	0	get 0.0000% / 8h	5h 04m	$5.5M	$11.5M	100x
Short	SunX META-USDT	742.79	0	get 0.0000% / 8h	5h 04m	$983	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.022%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.98
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; SunX: live order book, 5 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 Bitget live order book, 4 min ago	0.54 bp	8.5 bp −$9	17.0 bp −$170	39.4 bp −$3,939	doesn't fit
Sell SunX live order book, 5 min ago	500.13 bp	doesn't fit	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	743.01	+0.022%	$330K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0114%	1h	742.28	−0.077%	$31K	$245K	10x	as long as short
Nado META-PERP	−0.0028%	1h	742.67	−0.024%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.47	−0.051%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.54	−0.042%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.76	−0.012%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.54	−0.042%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.92	+0.009%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.41	−0.059%	$362K	$5.7M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	742.85	long leg	$5.5M	$11.5M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	742.77	−0.011%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.81	−0.140%	$12K	$435K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	742.79	−0.008%	$983	$9.1M	20x
HTX META-USDT	0.0000%	8h	742.48	−0.050%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.77	−0.011%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.99	+0.019%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.63	−0.030%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.16	−0.093%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.08	+0.031%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.85	0.000%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.48	−0.050%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.83	−0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.25	−0.081%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	742.74	−0.015%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.87	+0.002%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	−0.053%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.66	−0.026%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.06	−0.241%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.70	−0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.53	−0.042%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.105%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	742.90	+0.007%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	742.97	+0.016%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0329%	1h	742.75	−0.013%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	−0.026%	$591K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0769%	4h	742.22	−0.085%	$62K	$336K	10x	as long as short