Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.043%

Price spread now: Aftermath Perps against SunX+0.078%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Aftermath Perps

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.078% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	740.78	0	get 0.0000% / 8h	1h 46m	$973	$9.5M	20x
Short	Aftermath Perps METAUSD	741.36	0.0054	get 0.0007% / 1h	46m 54s	$48K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now +0.078%Rate

Funding earned: $11.39
Price spread: +0.078% → 0.000%: $7.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $2.16
Costs to cover: 0.170%
Break-even: 5.7 days

Slippage unknown: SunX: live order book, 12 min ago; Aftermath Perps: 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 SunX live order book, 12 min ago	28.16 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	740.44	−0.046%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0070%	1h	740.46	−0.043%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.33	+0.074%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.36	−0.057%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.47	−0.041%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.49	−0.039%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.39	−0.053%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.11	−0.090%	$327K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.61	−0.023%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.53	−0.033%	$1.6M	$2.6M	—	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	740.86	+0.010%	$12K	$518K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	740.78	long leg	$973	$9.5M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.53	−0.034%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.29	−0.066%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.67	−0.015%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.47	−0.042%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.84	+0.008%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.35	−0.058%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.05	+0.036%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.59	−0.026%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.67	−0.015%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.53	−0.034%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.48	−0.040%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.54	−0.032%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSDshort	+0.0054%	1h	741.36	+0.078%	$48K	$64K	10x
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.016%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.71	−0.009%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	740.85	+0.009%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.47	−0.042%	$1.6M	$358K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.42	−0.049%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.69	−0.012%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	740.67	−0.015%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.49	−0.039%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0128%	1h	740.61	−0.023%	$68.5M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.50	−0.038%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0319%	4h	740.64	−0.018%	$62K	$330K	10x	as long as short