Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.113%7-day average −0.101% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.113%, 7d avg −0.101%

Together, before fees+0.013%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.101%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	740.56	0	get 0.0000% / 8h	5h 45m	$767	$7.3M	20x
Short	Ondo Perps META-USD.P	739.72	0.0050	get 0.0006% / 1h	45m 28s	$713K	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now −0.113%Rate

Funding earned: $10.58
Price spread: −0.113% → −0.101%: −$1.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.67
Costs to cover: 0.130%
Break-even: 9.4 days

Slippage unknown: SunX: live order book, 7 min ago; Ondo 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, 7 min ago	28.08 bp	32.1 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	740.96	+0.054%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	741.06	+0.068%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.88	+0.043%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.33	−0.031%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.70	+0.019%	$25.8M	$192.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.41	−0.020%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.00	+0.059%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.46	−0.014%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.71	+0.020%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.35	−0.029%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.05	+0.066%	$12K	$431K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	740.56	long leg	$767	$7.3M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.17	−0.053%	$36K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.24	−0.043%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.40	+0.113%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.98	+0.057%	$866K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.66	+0.014%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.42	−0.019%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.97	+0.055%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.50	−0.008%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.72	−0.113%	$713K	$5.0M	10x
Paradex META-USD-PERP	+0.0053%	8h	740.45	−0.015%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.32	−0.032%	$652K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.16	+0.082%	$53K	$86K	10x	as long as short
Popdex METAUSDT	+0.0080%	1h	740.80	+0.032%	$178K	$201K	20x	as long as short
Pacifica META	+0.0100%	1h	740.23	−0.044%	$604	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	+0.009%	$1.6M	$881K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.35	−0.028%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.66	+0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.42	−0.018%	$267	—	10x	as long as short
Nado META-PERP	+0.0112%	1h	740.27	−0.039%	$474K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.431%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0285%	1h	740.73	+0.023%	$86.0M	$135.5M	20x	as long as short
Lighter META	+0.0352%	1h	740.98	+0.057%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0604%	4h	740.81	+0.034%	$62K	$350K	10x	as long as short
Phoenix META	+0.0613%	1h	741.71	+0.155%	$792K	$1.5M	20x	as long as short