Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: HTX against Bybit−0.039%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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 Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.039%, 7d avg −0.015%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.024% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	742.85	0	get 0.0000% / 8h	5h 05m	$7.5M	$13.8M	100x
Short	HTX META-USDT	742.56	0	get 0.0000% / 8h	5h 05m	$106K	$296K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.015%: −$2.37
Slippage, 4 orders: −$16.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.38
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Bybit: 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 Bybit live order book, 3 min ago	2.15 bp	10.4 bp −$10	25.7 bp −$257	doesn't fit	doesn't fit
Sell HTX live order book, 57 min ago	2.70 bp	8.7 bp −$9	11.9 bp −$119	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
Deribit META_USDC-PERPETUAL	−0.0127%	1h	742.46	−0.053%	$31K	$245K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	743.01	+0.022%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	742.87	+0.003%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.65	−0.027%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.75	−0.013%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.94	+0.012%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	742.85	long leg	$7.5M	$13.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	742.77	−0.011%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.49	−0.048%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.91	+0.008%	$5.5M	$11.5M	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	742.77	−0.011%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.81	−0.140%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.07	+0.030%	$1K	$9.1M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	742.56	−0.039%	$106K	$296K	30x
Phemex METAUSDT	0.0000%	4h	742.65	−0.027%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.07	+0.030%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.78	−0.009%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.01	−0.113%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.25	+0.054%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.08	+0.031%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.78	−0.009%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.94	+0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.49	−0.048%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	742.98	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.66	−0.025%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	−0.053%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.73	−0.016%	$1.6M	$527K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.06	−0.241%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.92	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.77	−0.011%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.105%	$171K	$48K	30x	as long as short
Lighter META	+0.0264%	1h	743.08	+0.031%	$862K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0328%	1h	743.03	+0.024%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0332%	1h	743.01	+0.022%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	−0.026%	$591K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0769%	4h	742.22	−0.085%	$62K	$336K	10x	as long as short