Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against KuCoin−0.015%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	742.55	0.0100	pay 0.0100% / 8h	6h 01m	$1.6M	$857K	20x
Short	Orderly PERP_META_USDC_mythos	742.44	0.0100	get 0.0100% / 8h	6h 01m	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → 0.000%: −$1.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.48
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Orderly: no order-book sample. 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 KuCoin live order book, 2 min ago	3.84 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff META-PERP	−0.1600%	1h	743.33	+0.105%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	743.56	+0.136%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.00	+0.061%	$493K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.14	−0.055%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.39	−0.022%	$26.0M	$192.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.39	−0.022%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.20	−0.047%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.90	−0.088%	$454K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.28	−0.036%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	743.38	+0.111%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.32	+0.104%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.40	−0.020%	$982	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.20	−0.047%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.98	+0.058%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0020%	1h	741.92	−0.085%	$36K	$265K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.39	−0.022%	$836K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.00	−0.074%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	742.09	−0.062%	$2.2M	$14.0M	10x	as long as short
Nado META-PERP	+0.0043%	1h	741.89	−0.089%	$476K	$552K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.64	+0.012%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.25	−0.040%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.96	−0.079%	$559K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.27	−0.038%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.37	−0.159%	$701K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	741.91	−0.086%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	742.70	+0.020%	$53K	$78K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.16	−0.053%	$661K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	742.08	−0.063%	$606	$2K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	742.55	long leg	$1.6M	$857K	20x
ApeX Omni METAUSDT	+0.0100%	1h	742.58	+0.004%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	742.44	−0.015%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	742.69	+0.019%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.93	+0.051%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0232%	1h	742.13	−0.057%	$86.0M	$135.3M	20x	as long as short
Lighter META	+0.0256%	1h	742.49	−0.008%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0402%	4h	743.23	+0.091%	$62K	$349K	10x	as long as short
Phoenix META	+0.0643%	1h	743.87	+0.178%	$794K	$1.5M	20x	as long as short