Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Deribit against SunX−0.043%7-day average −0.076% · 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−$76as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.043%, 7d avg −0.076%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.033% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	745.31	0	get 0.0000% / 8h	2h 03m	$1K	$8.3M	20x
Short	Deribit META_USDC-PERPETUAL	744.99	0	get 0.0000% / 1h	3m 14s	$31K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.076%: $3.35
Slippage, 4 orders: −$64.03
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.69
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Deribit: live order book, 45 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 SunX live order book, 6 min ago	28.10 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 45 min ago	0.07 bp	3.6 bp −$4	4.8 bp −$48	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	745.68	+0.050%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0004%	1h	745.52	+0.029%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.38	+0.010%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.32	+0.001%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.54	+0.031%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.38	+0.009%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.68	+0.050%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.06	−0.034%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.60	+0.039%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	+0.109%	$2.4M	$3.3M	—	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	746.23	+0.123%	$12K	$440K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	745.31	long leg	$1K	$8.3M	20x
Deribit META_USDC-PERPETUALshort	0.0000%	1h	744.99	−0.043%	$31K	$263K	10x
HTX META-USDT	0.0000%	8h	745.58	+0.036%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	+0.071%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.84	+0.071%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.38	+0.009%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.13	+0.110%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.33	+0.003%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.53	+0.030%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.06	−0.034%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.55	+0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.16	−0.020%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	745.66	+0.048%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.54	+0.165%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.49	+0.024%	$1.6M	$658K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	−0.004%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.52	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.39	+0.010%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	−0.017%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.365%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	745.90	+0.079%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.117%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0452%	1h	745.91	+0.081%	$76.3M	$125.8M	20x	as long as short
edgeX METAUSDC	+0.0547%	4h	745.87	+0.075%	$62K	$341K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.272%	$798K	$1.4M	20x	as long as short