Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.023%

Price spread now: KuCoin against tradeXYZ−0.022%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1111.112% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.022%, 7d avg −0.020%

Together, before fees+0.093%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	743.66	0.0113	pay 0.0014% / 1h	59m 09s	$69.5M	$120.3M	20x
Short	KuCoin METAUSDTM	743.50	0.0100	get 0.0100% / 8h	4h 59m	$1.6M	$529K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$2.76
Price spread: −0.022% → −0.020%: −$0.15
Slippage, 4 orders: −$81.19
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.1
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago	0.27 bp	9.9 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	5.11 bp	49.2 bp −$49	doesn't fit	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
Deribit META_USDC-PERPETUAL	−0.0315%	1h	742.79	−0.117%	$31K	$245K	10x	as long as short
Nado META-PERP	−0.0170%	1h	743.69	+0.004%	$481K	$551K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	743.71	+0.007%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.51	−0.021%	$468K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.38	−0.037%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.61	−0.006%	$27.5M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.55	−0.015%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.76	+0.013%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.28	−0.051%	$363K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.75	+0.012%	$5.4M	$11.6M	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	743.28	−0.051%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.53	−0.017%	$12K	$433K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.76	+0.013%	$842	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.42	−0.032%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.69	+0.004%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.77	+0.015%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	743.64	−0.003%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.95	−0.095%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.11	+0.061%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.83	+0.023%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.52	−0.019%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.70	+0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.12	−0.073%	$712K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	743.75	+0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	743.56	−0.013%	$50K	$82K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	743.50	−0.022%	$1.6M	$529K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.31	−0.047%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.59	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.40	−0.035%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.40	−0.035%	$616K	$7.2M	10x	as long as short
tradeXYZ xyz:METAlong	+0.0113%	1h	743.66	long leg	$69.5M	$120.3M	20x
Lighter META	+0.0160%	1h	743.73	+0.009%	$858K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.214%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0328%	1h	743.91	+0.034%	$33K	$105	20x	as long as short
Phoenix META	+0.0496%	1h	743.55	−0.015%	$605K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0802%	4h	743.30	−0.048%	$62K	$337K	10x	as long as short