Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.024%

Price spread now: HTX against Coinbase International+0.068%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.068%, 7d avg +0.085%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	746.24	0.0104	pay 0.0013% / 1h	15m 51s	$644K	$7.9M	10x
Short	HTX META-USDT	746.75	0	get 0.0000% / 8h	15m 51s	$108K	$311K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$21.84
Price spread: +0.068% → +0.085%: −$1.65
Slippage, 4 orders: −$32.01
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$77.5
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; HTX: live order book, 21 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 Coinbase International live order book, 3 min ago	1.94 bp	7.8 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell HTX live order book, 21 min ago	12.68 bp	18.7 bp −$19	28.3 bp −$283	doesn't fit	doesn't fit

META on 37 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	746.73	+0.066%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.98	+0.100%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.06	+0.110%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.35	+0.149%	$25.2M	$188.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.29	+0.141%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.40	+0.155%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.69	+0.060%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.93	+0.092%	$5.6M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	+0.029%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.50	+0.034%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.13	+0.119%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.07	−0.023%	$34K	$276K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	746.75	+0.068%	$108K	$311K	30x
Phemex METAUSDT	0.0000%	4h	746.80	+0.075%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	746.21	−0.003%	$481K	$561K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.49	+0.034%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	747.20	+0.129%	$788K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.23	−0.001%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.12	+0.118%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.60	+0.048%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.24	0.000%	$567K	$624K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.63	+0.052%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.12	−0.016%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	746.32	+0.010%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.25	+0.135%	$48K	$91K	10x	as long as short
edgeX METAUSDC	+0.0090%	4h	746.30	+0.009%	$62K	$345K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	+0.058%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.81	+0.076%	$1.6M	$722K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.72	−0.070%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.36	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.30	+0.009%	$269	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	746.24	long leg	$644K	$7.9M	10x
Injective META/USDC PERP	+0.0220%	1h	753.38	+0.957%	$176K	$48K	30x	as long as short
Lighter META	+0.0432%	1h	747.36	+0.150%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.03	+0.106%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0568%	1h	747.75	+0.202%	$82.6M	$130.9M	20x	as long as short
Phoenix META	+0.0750%	1h	748.05	+0.243%	$799K	$1.5M	20x	as long as short