Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against SunX+0.129%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.129%, 7d avg −0.021%

Together, before fees−0.294%−$29 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: Bitget is 0.150% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	742.79	0	get 0.0000% / 8h	4h 19m	$917	$9.1M	20x
Short	Bitget METAUSDT	743.75	0	get 0.0000% / 8h	4h 19m	$5.4M	$11.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → −0.021%: $15.04
Slippage, 4 orders: −$63.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.43
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Bitget: 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 SunX live order book, 9 min ago	28.30 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.01 bp	8.9 bp −$9	21.4 bp −$214	34.8 bp −$3,476	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	742.88	+0.012%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	742.46	−0.044%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.04	+0.033%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.82	+0.139%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.02	+0.166%	$27.6M	$181.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.88	+0.147%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.26	+0.198%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.63	+0.113%	$365K	$5.7M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	743.75	+0.129%	$5.4M	$11.7M	100x
Variational Omni META	0.0000%	8h	742.78	−0.002%	$2.4M	$3.1M	—	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	742.66	−0.018%	$12K	$440K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	742.79	long leg	$917	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.55	−0.032%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.73	−0.008%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.55	−0.032%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.19	+0.188%	$774K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.66	−0.018%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.49	−0.040%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.24	+0.061%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.83	+0.005%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.52	−0.036%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.73	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.54	+0.101%	$765K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	743.74	+0.127%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.03	+0.032%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.59	+0.108%	$1.6M	$549K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.88	−0.123%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.90	+0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.65	−0.019%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	741.90	−0.120%	$625K	$7.2M	10x	as long as short
edgeX METAUSDC	+0.0137%	4h	742.55	−0.033%	$62K	$336K	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.63	−0.022%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.24	−0.074%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	744.14	+0.182%	$864K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	743.78	+0.133%	$69.5M	$120.5M	20x	as long as short
Phoenix META	+0.0591%	1h	743.61	+0.110%	$687K	$1.2M	20x	as long as short