Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.020%

Price spread now: Nado against KuCoin−0.099%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.172%−$17 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now −0.099%, 7d avg +0.002%

Together, before fees−0.257%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.101% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	742.45	0.0100	pay 0.0100% / 8h	4h 33m	$1.6M	$543K	20x
Short	Nado META-PERP	741.72	−0.0030	pay 0.0004% / 1h	33m 42s	$479K	$553K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.099%Rate

Funding earned: −$27.26
Price spread: −0.099% → +0.002%: −$10.1
Slippage, 4 orders: −$69.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$126.17
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Nado: live order book, 24 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 KuCoin live order book, 2 min ago	3.57 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 24 min ago	0.47 bp	4.0 bp −$4	12.0 bp −$120	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	742.39	−0.008%	$329K	$1.1M	20x	as long as short
Nado META-PERPshort	−0.0030%	1h	741.72	−0.099%	$479K	$553K	20x
Aster METAUSDT	0.0000%	8h	742.31	−0.018%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.10	−0.047%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.31	−0.019%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.12	−0.044%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.09	−0.048%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.83	−0.084%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.19	−0.035%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	−0.010%	$2.4M	$3.1M	—	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	742.46	+0.002%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.36	−0.012%	$766	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.71	−0.100%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.97	−0.065%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.45	0.000%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.48	+0.004%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	−0.030%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.99	−0.062%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.35	−0.013%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.19	−0.035%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.95	−0.067%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.19	−0.035%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.092%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.00	−0.061%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.15	+0.094%	$51K	$82K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	742.45	long leg	$1.6M	$543K	20x
ApeX Omni METAUSDT	+0.0100%	1h	741.70	−0.101%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.20	−0.034%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.05	−0.054%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.058%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.43	−0.003%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.272%	$172K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	742.44	−0.001%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0284%	1h	742.36	−0.012%	$69.5M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0398%	4h	742.31	−0.019%	$62K	$337K	10x	as long as short
Phoenix META	+0.0591%	1h	743.27	+0.110%	$656K	$1.2M	20x	as long as short