Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.023%

Price spread now: Hotstuff against Bitget+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	747.41	0.0043	pay 0.0043% / 8h	3h 12m	$5.5M	$11.8M	100x
Short	Hotstuff META-PERP	747.55	0.0240	get 0.0030% / 1h	12m 40s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now +0.019%Rate

Funding earned: $41.37
Price spread: +0.019% → 0.000%: $1.87
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $26.24
Costs to cover: 0.170%
Break-even: 2.6 days

Slippage unknown: Bitget: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	1.40 bp	9.6 bp −$10	17.5 bp −$175	34.6 bp −$3,457	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	747.20	−0.028%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	747.00	−0.054%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.88	−0.071%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.18	−0.030%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.60	+0.025%	$28.5M	$182.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.75	+0.045%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.36	−0.007%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.80	−0.082%	$381K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.53	−0.117%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.69	−0.096%	$13K	$452K	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	747.24	−0.023%	$982	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.82	−0.079%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.06	−0.047%	$107K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.09	−0.043%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0028%	4h	746.53	−0.117%	$62K	$340K	10x	as long as short
Lighter RH META	+0.0032%	1h	747.68	+0.036%	$784K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.53	−0.118%	$111K	$330K	10x	as long as short
Bitget METAUSDTlong	+0.0043%	8h	747.41	long leg	$5.5M	$11.8M	100x
Vest META-USD-PERP	+0.0046%	1h	747.33	−0.011%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.00	−0.055%	$588K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.29	−0.016%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.58	−0.111%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.53	+0.016%	$2.2M	$13.7M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	747.25	−0.022%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	747.22	−0.025%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	747.75	+0.045%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.91	−0.067%	$1.6M	$620K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.241%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.18	−0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.10	−0.042%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.89	−0.070%	$651K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.71	−0.094%	$172K	$48K	30x	as long as short
Hotstuff META-PERPshort	+0.0240%	1h	747.55	+0.019%	$33K	$105	20x
Lighter META	+0.0280%	1h	747.51	+0.013%	$868K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0327%	1h	747.56	+0.020%	$71.2M	$121.4M	20x	as long as short
Phoenix META	+0.0633%	1h	747.82	+0.055%	$798K	$1.4M	20x	as long as short