Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.064%

Price spread now: SunX against Arcus+0.027%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.027%, 7d avg +0.046%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	745.01	0.0040	pay 0.0005% / 1h	42m 03s	$109K	$333K	10x
Short	SunX META-USDT	745.21	0	get 0.0000% / 8h	1h 42m	$624	$8.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$8.46
Price spread: +0.027% → +0.046%: −$1.92
Slippage, 4 orders: −$70.45
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$93.33
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; SunX: live order book, 7 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 Arcus live order book, 2 min ago	2.55 bp	8.0 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	15.46 bp	44.5 bp −$44	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	745.38	+0.050%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0023%	1h	745.00	−0.001%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.58	+0.076%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.17	+0.021%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.33	+0.043%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.22	+0.028%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	+0.052%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.69	−0.043%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.34	+0.044%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.37	+0.049%	$2.4M	$3.3M	—	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	745.59	+0.078%	$13K	$438K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	745.21	+0.027%	$624	$8.2M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.02	+0.001%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.14	+0.017%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.94	+0.125%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.16	+0.020%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.69	+0.091%	$787K	$2.9M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	745.01	long leg	$109K	$333K	10x
Vest META-USD-PERP	+0.0046%	1h	745.65	+0.086%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.38	+0.050%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.96	−0.007%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.044%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.009%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.24	+0.030%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.39	+0.185%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.46	+0.060%	$1.6M	$672K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.66	−0.047%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.42	+0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.21	+0.026%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.056%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.487%	$173K	$46K	30x	as long as short
Lighter META	+0.0392%	1h	745.84	+0.111%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0408%	1h	745.69	+0.091%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0537%	1h	745.72	+0.095%	$77.0M	$127.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.197%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	745.37	+0.048%	$62K	$345K	10x	as long as short