Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.055%

Price spread now: Hotstuff against BloFin+0.024%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hotstuff is 0.024% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	740.32	−0.0120	get 0.0120% / 8h	2h 20m	$329K	$1.1M	20x
Short	Hotstuff META-PERP	740.50	−0.0096	pay 0.0012% / 1h	20m 20s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now +0.024%Rate

Funding earned: $5.04
Price spread: +0.024% → 0.000%: $2.43
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$9.53
Costs to cover: 0.170%
Break-even: 20.2 days

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.34 bp	9.3 bp −$9	13.8 bp −$138	doesn't fit	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-USDTlong	−0.0120%	8h	740.32	long leg	$329K	$1.1M	20x
Nado META-PERP	−0.0117%	1h	740.31	−0.002%	$398K	$316K	20x	as long as short
Hotstuff META-PERPshort	−0.0096%	1h	740.50	+0.024%	$33K	$105	20x
Aster METAUSDT	0.0000%	8h	741.00	+0.092%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.40	+0.011%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.48	+0.022%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.38	+0.008%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.36	+0.005%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.13	−0.026%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.40	+0.011%	$5.7M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.35	+0.005%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.32	−0.001%	$12K	$528K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.96	+0.086%	$834	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.63	+0.042%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.25	−0.009%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.027%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.47	+0.020%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.67	+0.047%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.70	+0.051%	$740K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.20	−0.016%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.99	+0.091%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.44	+0.016%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.59	+0.036%	$68.5M	$120.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.62	+0.041%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	+0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.18	−0.019%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.27	−0.006%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.00	+0.091%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.008%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.48	+0.022%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.34	+0.003%	$1.6M	$352K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.32	0.000%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.48	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.37	+0.007%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.50	+0.294%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0261%	4h	740.36	+0.005%	$62K	$329K	10x	as long as short