Settings8H · net · $10k
Funding arb · Price arb /

META

RWAall META markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h −0.006%
Price spread now: Hotstuff against ApeX Omni+0.088%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hotstuff is 0.088% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni METAUSDT740.680.0100pay 0.0013% / 1h36m 16s$166K$71K50x
ShortHotstuff META-PERP741.330.0248get 0.0031% / 1h36m 16s$33K$10520x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against ApeX Omni. 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

Funding earned
$31.08
Price spread: +0.088% → 0.000%
$8.78
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$24.86
Costs to cover
0.150%
Break-even
1.4 days
Slippage unknown: ApeX Omni: live order book, 25 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 25 min ago2.57 bp21.5 bp −$22335.4 bp −$3,354doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin META-USDT−0.0120%8h741.24+0.076%$328K$1.1M20xas long as short
Nado META-PERP−0.0037%1h740.90+0.030%$479K$550K20xas long as short
Aster METAUSDT0.0000%8h741.63+0.128%$466K$549K20xas long as short
Extended META_24_5-USD0.0000%1h741.06+0.052%$549K$2.7M17xas long as short
Binance METAUSDT0.0000%8h741.27+0.079%$27.3M$178.8M20xas long as short
Bybit METAUSDT0.0000%8h741.23+0.074%$7.5M$13.7M100xas long as short
OKX META-USDT-SWAP0.0000%8h741.29+0.082%$5.9M$13.3M20xas long as short
Gate META_USDT0.0000%8h741.04+0.049%$345K$5.6M100xas long as short
Bitget METAUSDT0.0000%8h741.22+0.073%$5.6M$11.4M100xas long as short
Variational Omni META0.0000%8h741.13+0.061%$2.3M$3.1Mas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT META_USDT_Perp0.0000%8h741.42+0.100%$12K$432K10xas long as short
SunX META-USDT0.0000%8h741.18+0.068%$800$9.1M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h740.70+0.003%$31K$245K10xas long as short
HTX META-USDT0.0000%8h740.97+0.039%$106K$296K30xas long as short
Phemex METAUSDT0.0000%4h741.21+0.072%$2.0M$8K10xas long as short
Lighter RH META+0.0032%1h741.45+0.104%$763K$3.0M20xas long as short
QFEX META-USD+0.0032%1h741.10+0.057%$2.1M$13.7M10xas long as short
Arcus META-USD+0.0040%1h740.80+0.016%$110K$330K10xas long as short
Vest META-USD-PERP+0.0046%1h741.39+0.096%$10K25xas long as short
Popdex METAUSDT+0.0048%1h741.28+0.081%$178K$199K20xas long as short
Polymarket Perps META-USD+0.0050%1h740.98+0.041%$558K$539K10xas long as short
SoDEX META-USD+0.0050%1h741.27+0.080%$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h740.53−0.020%$702K$4.2M10xas long as short
Paradex META-USD-PERP+0.0058%8h740.98+0.041%5xas long as short
Aftermath Perps METAUSD+0.0076%1h742.15+0.198%$50K$82K10xas long as short
Coinbase International META-PERP-INTX+0.0096%1h741.82+0.154%$610K$7.1M10xas long as short
KuCoin METAUSDTM+0.0100%8h741.36+0.092%$1.6M$511K20xas long as short
ApeX Omni METAUSDTlong+0.0100%1h740.68long leg$166K$71K50x
Orderly PERP_META_USDC_mythos+0.0100%8h741.11+0.058%$1K$2410xas long as short
Aevo META-PERP+0.0104%1h741.06+0.052%$26710xas long as short
Injective META/USDC PERP+0.0220%1h743.52+0.383%$171K$48K30xas long as short
Lighter META+0.0240%1h741.42+0.100%$861K$2.4M20xas long as short
Hotstuff META-PERPshort+0.0248%1h741.33+0.088%$33K$10520x
tradeXYZ xyz:META+0.0342%1h741.35+0.090%$69.1M$120.1M20xas long as short
Phoenix META+0.0496%1h742.14+0.197%$521K$1.1M20xas long as short
edgeX METAUSDC+0.0560%4h741.14+0.063%$62K$335K10xas long as short