Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.106%

Price spread now: SunX against edgeX+0.132%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.594%−$59 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.132%, 7d avg +0.023%

Together, before fees−0.612%+ Points / potential airdropedgeX: Active · farm board−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.109% dearer against edgeX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.023%): +$11 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX METAUSDC	743.26	0.0212	pay 0.0106% / 4h	2h 24m	$62K	$339K	10x
Short	SunX META-USDT	744.24	0	get 0.0000% / 8h	2h 24m	$610	$8.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$44.52
Price spread: +0.132% → +0.023%: $10.86
Slippage, 4 orders: −$66.98
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$117.64
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from edgeX: live order book, 24 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 edgeX live order book, 24 min ago	5.16 bp	9.8 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	28.20 bp	32.2 bp −$32	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	744.02	+0.102%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.37	+0.150%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.62	+0.048%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.86	+0.081%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.78	+0.070%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.86	+0.081%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.29	+0.004%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.17	+0.122%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.092%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.021%	$12K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTshort	0.0000%	8h	744.24	+0.132%	$610	$8.4M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.42	+0.022%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.79	+0.071%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.28	+0.003%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0022%	1h	743.82	+0.075%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.02	+0.102%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.21	−0.007%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.37	+0.149%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.00	+0.100%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.08	+0.110%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	+0.051%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.75	+0.066%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.52	+0.035%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0075%	8h	743.78	+0.070%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.01	+0.102%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.69	+0.058%	$1.6M	$646K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.032%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	+0.078%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.66	+0.055%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	+0.043%	$655K	$7.8M	10x	as long as short
edgeX METAUSDClong	+0.0212%	4h	743.26	long leg	$62K	$339K	10x
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.355%	$172K	$46K	30x	as long as short
Lighter META	+0.0312%	1h	744.16	+0.121%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	+0.100%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0438%	1h	744.12	+0.116%	$74.7M	$124.8M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.120%	$795K	$1.4M	20x	as long as short