Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: HTX against Bitget−0.035%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.035%, 7d avg −0.016%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	741.37	0	get 0.0000% / 8h	1h 25m	$5.8M	$11.0M	100x
Short	HTX META-USDT	741.11	0	get 0.0000% / 8h	1h 25m	$107K	$286K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.016%: −$1.94
Slippage, 4 orders: −$15.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.98
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 57 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 Bitget live order book, 3 min ago	0.47 bp	9.7 bp −$10	16.4 bp −$164	26.7 bp −$2,675	doesn't fit
Sell HTX live order book, 57 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	741.36	−0.001%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0087%	1h	741.16	−0.028%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.053%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.22	−0.020%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.37	0.000%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	−0.007%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.31	−0.008%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.88	−0.066%	$343K	$5.5M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	741.37	long leg	$5.8M	$11.0M	100x
Variational Omni META	0.0000%	8h	741.24	−0.017%	$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	741.30	−0.009%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.57	+0.027%	$1K	$9.5M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	741.11	−0.035%	$107K	$286K	30x
Phemex METAUSDT	0.0000%	4h	741.30	−0.009%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.15	−0.030%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.65	+0.038%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.86	−0.069%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.79	+0.057%	—	$9K	25x	as long as short
Lighter META	+0.0048%	1h	741.60	+0.031%	$862K	$2.5M	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.39	+0.003%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.32	−0.007%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.35	−0.003%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.13	−0.033%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	−0.026%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.79	+0.057%	$50K	$66K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.062%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.28	−0.012%	$291K	$791K	20x	as long as short
Hotstuff META-PERP	+0.0072%	1h	741.49	+0.016%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0096%	1h	741.49	+0.016%	$68.6M	$121.0M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.24	−0.018%	$1.6M	$364K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.02	−0.047%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.27	−0.013%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.15	−0.030%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0141%	1h	741.50	+0.018%	$30K	$256K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.16	−0.028%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0566%	4h	741.12	−0.033%	$62K	$332K	10x	as long as short