Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.028%

Price spread now: KuCoin against Deribit+0.028%7-day average +0.024% · 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−$82as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.028%, 7d avg +0.024%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, 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	Deribit META_USDC-PERPETUAL	743.78	0.0086	pay 0.0011% / 1h	14m 58s	$36K	$265K	10x
Short	KuCoin METAUSDTM	743.99	0.0100	get 0.0100% / 8h	6h 14m	$1.6M	$842K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $2.89
Price spread: +0.028% → +0.024%: $0.43
Slippage, 4 orders: −$63.34
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.03
Costs to cover: 0.823%
Break-even: 198.3 days

Slippage from Deribit: live order book, 36 min ago; KuCoin: live order book, 4 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 Deribit live order book, 36 min ago	0.07 bp	3.6 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.36 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit

META on 37 exchanges

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	744.22	+0.059%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	+0.191%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.00	+0.030%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.23	+0.061%	$26.0M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.34	+0.075%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.07	+0.039%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.67	−0.015%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.23	+0.061%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.07	+0.038%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.92	+0.019%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.45	+0.090%	$1K	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.09	+0.042%	$108K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.25	+0.063%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.15	+0.050%	$821K	$2.8M	20x	as long as short
Nado META-PERP	+0.0039%	1h	743.81	+0.003%	$477K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.77	−0.001%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	744.04	+0.035%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.53	+0.101%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.27	+0.066%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.92	+0.019%	$561K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.14	+0.048%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.51	−0.036%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.99	+0.029%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.45	+0.090%	$52K	$77K	10x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0086%	1h	743.78	long leg	$36K	$265K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	743.78	0.000%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	744.16	+0.051%	$634	$2K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	743.99	+0.028%	$1.6M	$842K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.29	−0.066%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.04	+0.035%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.84	+0.009%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	743.98	+0.027%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.23	+0.195%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0251%	1h	743.98	+0.027%	$86.1M	$135.1M	20x	as long as short
Lighter META	+0.0272%	1h	744.27	+0.066%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.36	+0.078%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0820%	4h	743.65	−0.018%	$62K	$349K	10x	as long as short