Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.064%

Price spread now: HTX against Arcus+0.046%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.137%−$14 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.046%, 7d avg +0.009%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.037% dearer against Arcus than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.009%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 3 days (−0.137% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	738.88	0.0063	pay 0.0008% / 1h	28m 06s	$110K	$331K	10x
Short	HTX META-USDT	739.22	0	get 0.0000% / 8h	7h 28m	$104K	$295K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$13.2
Price spread: +0.046% → +0.009%: $3.69
Slippage, 4 orders: −$14.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.78
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Arcus: live order book, 46 min ago; HTX: live order book, 44 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 Arcus live order book, 46 min ago	1.75 bp	4.0 bp −$4	9.4 bp −$94	12.6 bp −$1,257	doesn't fit
Sell HTX live order book, 44 min ago	2.70 bp	8.7 bp −$9	12.6 bp −$126	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	739.45	+0.077%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.69	+0.109%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.25	+0.050%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.44	+0.075%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.56	+0.092%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.49	+0.083%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.36	+0.065%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.34	+0.062%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.38	+0.068%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.41	+0.072%	$12K	$471K	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-USDT	0.0000%	8h	739.73	+0.115%	$884	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.15	+0.037%	$30K	$246K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	739.22	+0.046%	$104K	$295K	30x
Phemex METAUSDT	0.0000%	4h	739.57	+0.093%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0003%	1h	739.23	+0.047%	$393K	$356K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.63	+0.102%	$752K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.72	+0.114%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.42	+0.073%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.33	+0.061%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.42	+0.073%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.70	−0.024%	$691K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.46	+0.078%	$2.2M	$14.2M	10x	as long as short
Arcus META-USDlong	+0.0063%	1h	738.88	long leg	$110K	$331K	10x
Paradex META-USD-PERP	+0.0066%	8h	739.37	+0.067%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.60	+0.098%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.58	+0.095%	$1.6M	$433K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.62	−0.035%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.48	+0.081%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.34	+0.062%	$266	—	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	739.45	+0.077%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.053%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0175%	1h	739.48	+0.081%	$67.5M	$121.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.273%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	739.63	+0.102%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.35	+0.064%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0475%	4h	739.30	+0.057%	$62K	$335K	10x	as long as short