Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Gate+0.036%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.336%+$34 · spread now +0.036%, 7d avg +0.040%

Together, before fees+0.335%+$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.04	0	get 0.0000% / 8h	7h 00m	$448K	$6.4M	100x
Short	HTX META-USDT	745.31	0	get 0.0000% / 8h	7h 00m	$108K	$300K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.040%: −$0.39
Slippage, 4 orders: −$21.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.07
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; HTX: live order book, 32 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 Gate live order book, 3 min ago	3.69 bp	16.1 bp −$16	44.4 bp −$444	doesn't fit	doesn't fit
Sell HTX live order book, 32 min ago	2.89 bp	8.9 bp −$9	12.6 bp −$126	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	744.81	−0.031%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	−0.032%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.14	+0.013%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.60	+0.075%	$25.9M	$191.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.06	+0.137%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.70	+0.089%	$6.1M	$12.9M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	745.04	long leg	$448K	$6.4M	100x
Bitget METAUSDT	0.0000%	8h	745.66	+0.083%	$5.8M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	−0.051%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.10	+0.008%	$12K	$437K	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	744.95	−0.012%	$927	$7.6M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	745.31	+0.036%	$108K	$300K	30x
Phemex METAUSDT	0.0000%	4h	745.52	+0.064%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0011%	1h	744.31	−0.098%	$478K	$559K	20x	as long as short
Lighter RH META	+0.0032%	1h	745.54	+0.067%	$799K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.63	−0.055%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.35	−0.093%	$111K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.28	+0.032%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.89	−0.020%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.01	−0.004%	$567K	$614K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.83	−0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.67	−0.050%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.71	−0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	745.66	+0.083%	$51K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	744.00	−0.140%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.97	−0.009%	$1.6M	$799K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.32	−0.097%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.37	+0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.03	−0.001%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.09	−0.128%	$640K	$7.8M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0153%	1h	745.14	+0.013%	$36K	$269K	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	744.79	−0.034%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	−0.035%	$176K	$52K	30x	as long as short
Lighter META	+0.0296%	1h	745.70	+0.089%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0305%	1h	745.73	+0.093%	$86.3M	$134.6M	20x	as long as short
edgeX METAUSDC	+0.0510%	4h	745.00	−0.005%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.110%	$796K	$1.5M	20x	as long as short