META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against SunX+0.036%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3113.107% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.036%, 7d avg −0.055%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.092% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	740.06	0	get 0.0000% / 8h	6h 13m	$914	$9.2M	20x
Short	KuCoin METAUSDTM	740.33	0.0100	get 0.0100% / 8h	6h 13m	$1.6M	$487K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $21
Price spread: +0.036% → −0.055%: $9.17
Slippage, 4 orders: −$290.72
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$280.55
Costs to cover: 3.107%
Break-even: 100.5 days

Slippage from SunX: live order book, 5 min ago; KuCoin: live order book, 2 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, 5 min ago	28.24 bp	32.2 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.19 bp	166.1 bp −$166	doesn't fit	doesn't fit	doesn't fit

META on 35 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
Deribit META_USDC-PERPETUAL	−0.0128%	1h	739.69	−0.050%	$31K	$244K	10x	as long as short
Nado META-PERP	−0.0120%	1h	739.84	−0.030%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.86	+0.108%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.10	+0.006%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.28	+0.030%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.07	+0.001%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.026%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.89	−0.023%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.030%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.06	0.000%	$2.3M	$3.1M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.013%	$12K	$433K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	740.06	long leg	$914	$9.2M	20x
HTX META-USDT	0.0000%	8h	739.95	−0.015%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	+0.023%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.16	+0.014%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.53	+0.064%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.71	−0.047%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.44	+0.051%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.17	+0.015%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.02	−0.005%	$557K	$701K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.19	+0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.095%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.94	−0.016%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.88	+0.111%	$49K	$80K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	740.33	+0.036%	$1.6M	$487K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.74	−0.043%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.21	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.98	−0.010%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.081%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.44	+0.051%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.06	0.000%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.319%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0243%	1h	740.26	+0.027%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.107%	$438K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	−0.011%	$62K	$336K	10x	as long as short