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 0.000%

Price spread now: SunX against HTX+0.061%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

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

costs, in and out, $10k−$840.844% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.061%, 7d avg +0.036%

Together, before fees−0.024%−$2 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 0.024% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	743.79	0	get 0.0000% / 8h	2h 25m	$106K	$306K	30x
Short	SunX META-USDT	744.24	0	get 0.0000% / 8h	2h 25m	$610	$8.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.036%: $2.45
Slippage, 4 orders: −$64.39
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$81.94
Costs to cover: 0.844%
Break-even: never at this rate

Slippage from HTX: live order book, 22 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 HTX live order book, 22 min ago	2.68 bp	11.3 bp −$11	15.2 bp −$152	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	28.20 bp	32.2 bp −$32	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	744.02	+0.031%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.32	+0.072%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.71	−0.010%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.78	−0.001%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.63	−0.022%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.70	−0.012%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.34	−0.061%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.10	+0.042%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.020%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.092%	$12K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTshort	0.0000%	8h	744.24	+0.061%	$610	$8.4M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.42	−0.050%	$31K	$264K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	743.79	long leg	$106K	$306K	30x
Phemex METAUSDT	0.0000%	4h	743.28	−0.069%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0022%	1h	743.82	+0.004%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.93	+0.019%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.10	−0.093%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.37	+0.078%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.00	+0.028%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.08	+0.039%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.020%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.75	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.41	−0.051%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	744.00	+0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.01	+0.030%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.85	+0.008%	$1.6M	$644K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.104%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.66	−0.017%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.028%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.071%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.284%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.05	+0.035%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	+0.028%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0439%	1h	744.09	+0.040%	$74.7M	$125.0M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.048%	$795K	$1.4M	20x	as long as short