Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: SunX against Deribit+0.146%7-day average +0.077% · 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−$144as in the Price arb table

costs, in and out, $10k−$1511.506% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.146%, 7d avg +0.077%

Together, before fees−0.109%−$11 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 0.070% dearer against Deribit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	739.25	0	get 0.0000% / 1h	25m 12s	$30K	$246K	10x
Short	SunX META-USDT	740.33	0	get 0.0000% / 8h	7h 25m	$876	$9.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → +0.077%: $6.95
Slippage, 4 orders: −$135.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$143.67
Costs to cover: 1.506%
Break-even: never at this rate

Slippage from Deribit: live order book, 48 min ago; SunX: 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, 48 min ago	4.72 bp	8.2 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	63.09 bp	67.1 bp −$67	96.8 bp −$968	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	739.77	+0.070%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0011%	1h	739.50	+0.034%	$422K	$382K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.77	+0.070%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.61	+0.048%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.82	+0.077%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.82	+0.077%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.62	+0.050%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.21	−0.005%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.72	+0.064%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.001%	$2.3M	$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	739.40	+0.021%	$12K	$471K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	740.33	+0.146%	$876	$9.3M	20x
Deribit META_USDC-PERPETUALlong	0.0000%	1h	739.25	long leg	$30K	$246K	10x
HTX META-USDT	0.0000%	8h	739.63	+0.051%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.88	+0.085%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0007%	4h	739.30	+0.007%	$62K	$333K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.94	+0.093%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.95	+0.095%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.79	+0.073%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.54	+0.039%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.72	+0.064%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.84	−0.055%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.69	+0.060%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.03	−0.030%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	739.63	+0.051%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	739.84	+0.080%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.75	+0.068%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.012%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.77	+0.070%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.60	+0.047%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.63	+0.052%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.64	+0.053%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0169%	1h	739.72	+0.064%	$67.5M	$121.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.223%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.94	+0.093%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.71	+0.062%	$286K	$930K	20x	as long as short