Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.017%

Price spread now: SunX against Nado+0.054%7-day average +0.046% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now +0.054%, 7d avg +0.046%

Together, before fees+0.166%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	741.02	−0.0003	get 0.0000% / 1h	14m 09s	$385K	$332K	20x
Short	SunX META-USDT	741.42	0	get 0.0000% / 8h	14m 09s	$744	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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 NadobpFee SunXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0.65
Price spread: +0.054% → +0.046%: $0.76
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.59
Costs to cover: 0.150%
Break-even: 153.2 days

Slippage unknown: Nado: live order book, 64 min ago; SunX: live order book, 5 min ago. Net counts fees only.

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 Nado live order book, 64 min ago	0.14 bp	13.7 bp −$14	28.5 bp −$285	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.05 bp	doesn't fit	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	741.86	+0.113%	$328K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0003%	1h	741.02	long leg	$385K	$332K	20x
Aster METAUSDT	0.0000%	8h	741.70	+0.091%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.54	+0.070%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.67	+0.087%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.52	+0.067%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.52	+0.067%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.07	+0.006%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.56	+0.072%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	+0.117%	$2.3M	$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	741.81	+0.106%	$12K	$482K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	741.42	+0.054%	$744	$9.5M	20x
HTX META-USDT	0.0000%	8h	741.44	+0.056%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.94	+0.124%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.54	+0.070%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.76	+0.099%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.22	+0.027%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.61	+0.079%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.60	+0.078%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.52	+0.067%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.54	+0.070%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.07	+0.006%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	741.43	+0.055%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.52	+0.202%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	+0.029%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.52	+0.067%	$1.6M	$398K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.25	+0.031%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.46	+0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.47	+0.060%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	+0.101%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.57	+0.074%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0179%	4h	741.82	+0.108%	$62K	$333K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.17	+0.020%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	741.81	+0.106%	$859K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	741.55	+0.071%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0519%	1h	741.54	+0.070%	$30K	$258K	10x	as long as short