Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX−0.072%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. KuCoin is 0.072% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	746.45	0.0050	pay 0.0006% / 1h	36m 52s	$25K	$3K	10x
Short	KuCoin METAUSDTM	745.91	0.0100	get 0.0100% / 8h	3h 36m	$1.6M	$608K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $10.5
Price spread: −0.072% → 0.000%: −$7.23
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.73
Costs to cover: 0.200%
Break-even: 18.2 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 4 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	5.16 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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 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	746.75	+0.040%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0020%	1h	745.99	−0.062%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.93	−0.070%	$470K	$555K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.23	−0.030%	$553K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.45	0.000%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.51	+0.008%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.38	−0.009%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.91	−0.072%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.54	+0.012%	$5.5M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	−0.057%	$2.4M	$3.2M	—	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	745.49	−0.129%	$12K	$454K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.31	−0.019%	$1K	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.97	−0.064%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.22	−0.031%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	−0.036%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.65	+0.027%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.56	−0.119%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.30	−0.020%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.08	−0.050%	$587K	$565K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	746.45	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.77	−0.091%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.20	−0.033%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0072%	1h	746.53	+0.011%	$180K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.28	−0.022%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0094%	8h	746.33	−0.016%	—	—	5x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	745.91	−0.072%	$1.6M	$608K	20x
ApeX Omni METAUSDT	+0.0100%	1h	744.64	−0.242%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.36	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.32	−0.018%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.37	−0.145%	$618K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.99	−0.196%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	746.60	+0.020%	$866K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	746.37	−0.011%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0262%	4h	745.37	−0.145%	$62K	$337K	10x	as long as short
tradeXYZ xyz:META	+0.0350%	1h	746.36	−0.012%	$70.4M	$121.1M	20x	as long as short
Phoenix META	+0.0633%	1h	746.50	+0.007%	$786K	$1.4M	20x	as long as short