Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: SunX against Bitget−0.035%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$830.825% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.155%+$15 · spread now −0.035%, 7d avg +0.020%

Together, before fees+0.151%+$15 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: SunX is 0.055% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	744.83	0	get 0.0000% / 8h	3h 47m	$5.4M	$11.8M	100x
Short	SunX META-USDT	744.57	0	get 0.0000% / 8h	3h 47m	$800	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.020%: −$5.53
Slippage, 4 orders: −$62.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.04
Costs to cover: 0.825%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SunX: live order book, 11 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 Bitget live order book, 1 min ago	1.01 bp	8.8 bp −$9	16.0 bp −$160	30.9 bp −$3,095	doesn't fit
Sell SunX live order book, 11 min ago	28.15 bp	32.1 bp −$32	61.7 bp −$617	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	743.96	−0.117%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0015%	1h	743.63	−0.161%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.50	−0.045%	$469K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.82	−0.001%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.94	+0.015%	$28.4M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.55	−0.038%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.71	−0.016%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.47	−0.048%	$364K	$5.8M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	744.83	long leg	$5.4M	$11.8M	100x
Variational Omni META	0.0000%	8h	744.05	−0.104%	$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	744.65	−0.024%	$12K	$452K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	744.57	−0.035%	$800	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.18	−0.087%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.66	−0.023%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.69	−0.019%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.89	+0.008%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.83	−0.134%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.44	−0.052%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.73	−0.013%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.28	−0.074%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.32	−0.068%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.23	−0.215%	$800K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	744.26	−0.077%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.94	+0.015%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0097%	8h	744.40	−0.058%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.59	−0.032%	$1.6M	$601K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.72	−0.149%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.64	−0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.53	−0.041%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.02	−0.109%	$617K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.232%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.11	−0.097%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	744.85	+0.003%	$863K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0330%	1h	745.07	+0.032%	$70.1M	$121.0M	20x	as long as short
edgeX METAUSDC	+0.0578%	4h	744.50	−0.044%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.089%	$758K	$1.4M	20x	as long as short