Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.031%

Price spread now: Binance against Hotstuff−0.020%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.020% cheaper against Hotstuff than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	743.09	0.0272	pay 0.0034% / 1h	19m 29s	$33K	$105	20x
Short	Binance METAUSDT	742.94	0	get 0.0000% / 8h	7h 19m	$25.8M	$191.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now −0.020%Rate

Funding earned: −$57.12
Price spread: −0.020% → 0.000%: −$2.01
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$74.13
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 9 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.40 bp	6.4 bp −$6	12.2 bp −$122	37.4 bp −$3,736	doesn't fit

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 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	743.30	+0.028%	$337K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	742.53	−0.075%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.19	+0.013%	$478K	$620K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.79	−0.041%	$544K	$3.4M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	742.94	−0.020%	$25.8M	$191.4M	20x
Bybit METAUSDT	0.0000%	8h	742.89	−0.027%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.06	−0.004%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.37	−0.097%	$486K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.85	−0.032%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.23	+0.018%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.35	+0.035%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.37	+0.038%	$653	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.86	−0.031%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.02	−0.009%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.47	+0.051%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.07	−0.003%	$794K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.71	−0.051%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.54	−0.074%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.27	+0.024%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.82	−0.036%	$179K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.68	−0.055%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.09	0.000%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.56	−0.071%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	742.73	−0.048%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	743.29	+0.027%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.73	−0.048%	$611	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.14	+0.007%	$1.6M	$779K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.75	−0.046%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.01	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.81	−0.038%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.26	−0.112%	$628K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.227%	$176K	$52K	30x	as long as short
Hotstuff META-PERPlong	+0.0272%	1h	743.09	long leg	$33K	$105	20x
Lighter META	+0.0296%	1h	743.24	+0.020%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0302%	1h	742.69	−0.054%	$85.2M	$133.9M	20x	as long as short
edgeX METAUSDC	+0.0338%	4h	743.07	−0.003%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	743.95	+0.116%	$794K	$1.5M	20x	as long as short