Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX+0.042%7-day average — · you sell dearer than you buy

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

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.042% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	745.87	0	get 0.0000% / 8h	3h 41m	$712	$9.0M	20x
Short	SoDEX META-USD	746.18	0.0050	get 0.0006% / 1h	41m 57s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $10.5
Price spread: +0.042% → 0.000%: $4.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$1.34
Costs to cover: 0.160%
Break-even: 7.9 days

Slippage unknown: SunX: live order book, 7 min ago; SoDEX: 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	28.42 bp	32.4 bp −$32	61.5 bp −$615	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	746.00	+0.017%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0023%	1h	745.80	−0.010%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.97	+0.013%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.13	+0.034%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.34	+0.063%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.31	+0.059%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.19	+0.043%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.60	−0.036%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.28	+0.055%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	−0.117%	$2.4M	$3.2M	—	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	745.25	−0.083%	$12K	$451K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	745.87	long leg	$712	$9.0M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.70	−0.023%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.06	+0.025%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.85	−0.003%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.44	+0.076%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.03	−0.113%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.40	+0.071%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.19	+0.043%	$180K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.85	−0.003%	$587K	$565K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	746.18	+0.042%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.35	−0.070%	$801K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.03	+0.021%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.69	−0.024%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0093%	8h	746.10	+0.031%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.08	+0.028%	$1.6M	$605K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.39	−0.198%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.33	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.16	+0.038%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.090%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.174%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	746.40	+0.071%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.20	+0.044%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0336%	1h	746.38	+0.068%	$70.3M	$121.1M	20x	as long as short
Phoenix META	+0.0633%	1h	746.12	+0.034%	$773K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	−0.142%	$62K	$339K	10x	as long as short