Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.163%73s7-day average −0.062% · you buy dearer than you sell

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.163%, 7d avg −0.062%

Together, before fees+0.188%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.101% cheaper against SunX than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.062%). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	746.63	0	get 0.0000% / 8h	3h 16m	$722	$8.9M	20x
Short	ApeX Omni METAUSDT	745.41	0.0100	get 0.0013% / 1h	16m 11s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.163%Rate

Funding earned: $21
Price spread: −0.163% → −0.062%: −$10.11
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.11
Costs to cover: 0.180%
Break-even: 9.4 days

Slippage unknown: SunX: live order book, 13 min ago; ApeX Omni: live order book, 35 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 SunX live order book, 13 min ago	500.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	2.62 bp	30.2 bp −$30	624.6 bp −$6,246	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	746.35	−0.038%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	746.08	−0.074%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.005%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.32	−0.041%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.53	−0.013%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.51	−0.016%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.52	−0.015%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.00	−0.084%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.33	−0.040%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.41	−0.029%	$12K	$452K	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-USDTlong	0.0000%	8h	746.63	long leg	$722	$8.9M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.97	−0.088%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.18	−0.060%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.58	−0.007%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0025%	8h	746.48	−0.020%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.55	−0.011%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.91	−0.096%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.55	−0.011%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.04	−0.079%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.49	−0.019%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.166%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.43	−0.027%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.44	−0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.63	−0.001%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	746.55	−0.011%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.54	−0.012%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	745.41	−0.163%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.33	−0.040%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.32	−0.042%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.122%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.248%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.42	−0.028%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.52	−0.015%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0319%	1h	746.70	+0.009%	$70.9M	$121.3M	20x	as long as short
edgeX METAUSDC	+0.0407%	4h	746.35	−0.038%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.084%	$798K	$1.4M	20x	as long as short