Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.022%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$880.883% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.022%, 7d avg −0.037%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	740.51	0	get 0.0000% / 8h	6h 56m	$801	$9.3M	20x
Short	HTX META-USDT	740.35	0	get 0.0000% / 8h	6h 56m	$105K	$295K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.037%: $1.53
Slippage, 4 orders: −$68.32
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$86.79
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; HTX: live order book, 11 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, 13 min ago	28.16 bp	32.2 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell HTX live order book, 11 min ago	2.84 bp	9.6 bp −$10	19.6 bp −$196	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
Nado META-PERP	−0.0220%	1h	740.34	−0.023%	$491K	$531K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.46	−0.007%	$325K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0115%	1h	739.90	−0.082%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.37	−0.020%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.25	−0.035%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.41	−0.013%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.42	−0.012%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.032%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.15	−0.049%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.38	−0.018%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.22	−0.040%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.012%	$12K	$452K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	740.51	long leg	$801	$9.3M	20x
HTX META-USDTshort	0.0000%	8h	740.35	−0.022%	$105K	$295K	30x
Phemex METAUSDT	0.0000%	4h	740.61	+0.014%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.23	−0.038%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.65	+0.019%	$753K	$3.0M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.55	+0.005%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.99	−0.070%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.84	+0.045%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	−0.014%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.20	−0.042%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.48	−0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.088%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.34	−0.022%	—	—	5x	as long as short
Lighter META	+0.0064%	1h	740.58	+0.009%	$857K	$2.4M	20x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.10	+0.080%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.65	+0.019%	$1.6M	$457K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.086%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.41	−0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.23	−0.037%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	−0.043%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0171%	1h	740.65	+0.019%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.312%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.02	+0.069%	$347K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0371%	4h	740.31	−0.028%	$62K	$333K	10x	as long as short