Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.133%82s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1551.555% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.133%, 7d avg +0.010%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.123% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	743.11	0.0100	pay 0.0013% / 1h	10m 11s	$166K	$71K	50x
Short	KuCoin METAUSDTM	744.10	0.0100	get 0.0100% / 8h	4h 10m	$1.6M	$554K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.010%: $12.31
Slippage, 4 orders: −$133.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$143.17
Costs to cover: 1.555%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; KuCoin: live order book, 6 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 ApeX Omni live order book, 46 min ago	2.63 bp	37.5 bp −$38	337.7 bp −$3,377	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.43 bp	58.8 bp −$59	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
BloFin META-USDT	−0.0120%	8h	744.41	+0.175%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0006%	1h	743.63	+0.070%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.46	+0.046%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.89	+0.105%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.09	+0.132%	$28.4M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.12	+0.136%	$7.7M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.10	+0.133%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.47	+0.048%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.99	+0.118%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	744.35	+0.167%	$2.4M	$3.1M	—	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	744.01	+0.121%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.97	+0.116%	$934	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.96	+0.114%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.99	+0.118%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.13	+0.137%	$778K	$3.1M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.18	+0.144%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.75	+0.086%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.00	+0.120%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.68	+0.077%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.01	+0.121%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.51	+0.054%	$823K	$4.6M	10x	as long as short
Popdex METAUSDT	+0.0056%	1h	744.33	+0.164%	$179K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.62	+0.203%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0088%	8h	744.22	+0.149%	—	—	5x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	744.10	+0.133%	$1.6M	$554K	20x
ApeX Omni METAUSDTlong	+0.0100%	1h	743.11	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.16	+0.141%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.98	+0.118%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.087%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.96	+0.114%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.67	+0.479%	$172K	$48K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0221%	1h	743.63	+0.070%	$31K	$246K	10x	as long as short
Lighter META	+0.0280%	1h	744.12	+0.136%	$866K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0291%	1h	744.03	+0.124%	$69.7M	$120.8M	20x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	+0.102%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.75	+0.221%	$709K	$1.2M	20x	as long as short