Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.155%

Price spread now: Extended against SunX−0.057%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now −0.057%, 7d avg −0.045%

Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	740.78	0	get 0.0000% / 8h	1h 46m	$973	$9.5M	20x
Short	Extended META_24_5-USD	740.36	0	get 0.0000% / 1h	46m 50s	$548K	$1.5M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.045%: −$1.18
Slippage, 4 orders: −$61.42
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$75.6
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Extended: live order book, 2 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, 12 min ago	28.16 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.07 bp	5.1 bp −$5	30.5 bp −$305	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	740.44	−0.046%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0070%	1h	740.46	−0.043%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.30	+0.070%	$458K	$536K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	740.36	−0.057%	$548K	$1.5M	17x
Binance METAUSDT	0.0000%	8h	740.51	−0.036%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.50	−0.038%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.39	−0.053%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.11	−0.090%	$327K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.61	−0.023%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.53	−0.033%	$1.6M	$2.6M	—	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	740.86	+0.010%	$12K	$518K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	740.78	long leg	$973	$9.5M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.53	−0.034%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.29	−0.066%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.67	−0.015%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.47	−0.042%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.85	+0.009%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.35	−0.058%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.05	+0.036%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.59	−0.026%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.67	−0.015%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.53	−0.034%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.48	−0.040%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.54	−0.032%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.36	+0.078%	$48K	$64K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.016%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.71	−0.009%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	740.84	+0.008%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.47	−0.042%	$1.6M	$358K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.42	−0.049%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.69	−0.012%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	740.67	−0.015%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.49	−0.039%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0126%	1h	740.63	−0.020%	$68.5M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.50	−0.038%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0319%	4h	740.64	−0.018%	$62K	$330K	10x	as long as short