Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.124%

Price spread now: edgeX against SunX+0.003%46s7-day average −0.021% · you sell dearer than you buy

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.642%+$64 on $10k

Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.003%, 7d avg −0.021%

Together, before fees+0.209%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.024% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	743.30	0	get 0.0000% / 8h	7h 37m	$919	$7.8M	20x
Short	edgeX METAUSDC	743.33	0.0079	get 0.0039% / 4h	3h 37m	$63K	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $16.51
Price spread: +0.003% → −0.021%: $2.44
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.95
Costs to cover: 0.170%
Break-even: 6.2 days

Slippage unknown: SunX: live order book, 12 min ago; edgeX: live order book, 61 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 SunX live order book, 12 min ago	277.29 bp	281.3 bp −$281	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	5.50 bp	10.1 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit

META on 37 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	743.56	+0.035%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0015%	1h	742.93	−0.049%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.62	+0.042%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.29	−0.001%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.50	+0.027%	$25.8M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.57	+0.036%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.49	+0.026%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.01	−0.039%	$474K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.36	+0.008%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	−0.043%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.50	+0.027%	$12K	$438K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	743.30	long leg	$919	$7.8M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.97	−0.044%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	+0.007%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.63	+0.044%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.53	+0.031%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.38	+0.011%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.13	−0.023%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.69	+0.052%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.49	+0.026%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.74	−0.075%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.25	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.83	−0.063%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.22	−0.011%	—	—	5x	as long as short
edgeX METAUSDCshort	+0.0079%	4h	743.33	+0.003%	$63K	$346K	10x
Aftermath Perps METAUSD	+0.0081%	1h	743.97	+0.090%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.83	−0.063%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.40	+0.013%	$1.6M	$762K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.85	−0.061%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.03	−0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.85	−0.060%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	+0.005%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.323%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	743.71	+0.055%	$1.2M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	743.49	+0.026%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	743.56	+0.035%	$84.3M	$132.7M	20x	as long as short
Phoenix META	+0.0791%	1h	744.37	+0.144%	$795K	$1.5M	20x	as long as short