META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: SunX against KuCoin−0.004%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1371.366% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.004%, 7d avg +0.054%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	742.39	0.0100	pay 0.0100% / 8h	4h 34m	$1.6M	$543K	20x
Short	SunX META-USDT	742.36	0	get 0.0000% / 8h	4h 34m	$766	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$21
Price spread: −0.004% → +0.054%: −$5.82
Slippage, 4 orders: −$116.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$163.39
Costs to cover: 1.366%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	3.57 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	28.16 bp	32.2 bp −$32	61.7 bp −$617	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	0.000%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	741.72	−0.091%	$479K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.32	−0.010%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.01	−0.051%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.20	−0.026%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.10	−0.039%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.09	−0.040%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.85	−0.073%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.32	−0.009%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	−0.002%	$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	+0.010%	$13K	$440K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	742.36	−0.004%	$766	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.71	−0.092%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.97	−0.057%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.45	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.40	+0.001%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.23	−0.022%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.99	−0.054%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.35	−0.005%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.19	−0.027%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.95	−0.059%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.19	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.084%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.00	−0.053%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.15	+0.102%	$51K	$82K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	742.39	long leg	$1.6M	$543K	20x
ApeX Omni METAUSDT	+0.0100%	1h	741.70	−0.093%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.20	−0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.05	−0.046%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.050%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.43	+0.005%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.280%	$172K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	742.40	+0.001%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0282%	1h	742.26	−0.018%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0398%	4h	742.31	−0.011%	$62K	$337K	10x	as long as short
Phoenix META	+0.0591%	1h	743.27	+0.119%	$656K	$1.2M	20x	as long as short