Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against ApeX Omni+0.026%76s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.811% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.128%+$13 · spread now +0.026%, 7d avg +0.024%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 76 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	ApeX Omni METAUSDT	740.20	0.0100	pay 0.0013% / 1h	47m 46s	$166K	$73K	50x
Short	HTX META-USDT	740.39	0	get 0.0000% / 8h	1h 47m	$105K	$283K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee HTXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21
Price spread: +0.026% → +0.024%: $0.12
Slippage, 4 orders: −$59.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$101.98
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; HTX: live order book, 34 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 ApeX Omni live order book, 33 min ago	2.63 bp	28.0 bp −$28	376.6 bp −$3,766	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	2.70 bp	8.7 bp −$9	14.1 bp −$141	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	740.79	+0.080%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.42	+0.030%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.29	+0.147%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.45	+0.034%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.56	+0.049%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.48	+0.038%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.39	+0.026%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	−0.018%	$327K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.62	+0.057%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.53	+0.045%	$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	+0.089%	$12K	$518K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.83	+0.085%	$1K	$9.5M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	740.39	+0.026%	$105K	$283K	30x
Phemex METAUSDT	0.0000%	4h	740.65	+0.061%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.59	+0.053%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.89	+0.093%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.35	+0.020%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.01	+0.109%	—	$9K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.69	+0.066%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.68	+0.065%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.70	+0.068%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.55	+0.047%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.48	+0.038%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.54	+0.046%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.36	+0.156%	$48K	$64K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.095%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.71	+0.069%	$291K	$791K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0074%	1h	740.62	+0.057%	$30K	$256K	10x	as long as short
Lighter META	+0.0096%	1h	740.89	+0.093%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	+0.043%	$1.6M	$358K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	740.20	long leg	$166K	$73K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.69	+0.066%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.61	+0.056%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0132%	1h	740.67	+0.063%	$68.5M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.50	+0.041%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0319%	4h	740.64	+0.060%	$62K	$330K	10x	as long as short