Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.124%

Price spread now: SunX against edgeX+0.075%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.642%−$64 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now +0.075%, 7d avg +0.023%

Together, before fees−0.505%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.053% dearer against edgeX than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.023%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.642% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	743.52	0.0121	pay 0.0060% / 4h	2h 16m	$62K	$349K	10x
Short	SunX META-USDT	744.08	0	get 0.0000% / 8h	6h 16m	$928	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$25.38
Price spread: +0.075% → +0.023%: $5.3
Slippage, 4 orders: −$66.71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$103.79
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; SunX: live order book, 5 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 edgeX live order book, 34 min ago	5.10 bp	9.7 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	28.17 bp	32.2 bp −$32	61.7 bp −$617	doesn't fit	doesn't fit

META on 37 exchanges

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	743.84	+0.043%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.10	+0.213%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.68	+0.022%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.90	+0.052%	$26.0M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.87	+0.047%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.82	+0.041%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.58	+0.008%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.96	+0.059%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.55	+0.005%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.77	+0.033%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTshort	0.0000%	8h	744.08	+0.075%	$928	$7.4M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.51	−0.001%	$36K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.63	+0.015%	$108K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.03	+0.069%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.01	+0.066%	$821K	$2.8M	20x	as long as short
Nado META-PERP	+0.0036%	1h	743.50	−0.002%	$477K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.49	−0.004%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	743.59	+0.010%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.09	+0.077%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.85	+0.045%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.66	+0.019%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.78	+0.035%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.27	−0.033%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.66	+0.019%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.42	+0.121%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.27	−0.033%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	743.87	+0.048%	$634	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.88	+0.049%	$1.6M	$841K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.26	−0.035%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.81	+0.039%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.66	+0.018%	$268	—	10x	as long as short
edgeX METAUSDClong	+0.0121%	4h	743.52	long leg	$62K	$349K	10x
Hotstuff META-PERP	+0.0152%	1h	743.49	−0.004%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.07	+0.209%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0250%	1h	743.76	+0.032%	$86.1M	$135.1M	20x	as long as short
Lighter META	+0.0264%	1h	744.12	+0.081%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.36	+0.113%	$795K	$1.5M	20x	as long as short