Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.025%

Price spread now: Gate against Hotstuff−0.066%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 Gate

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.066% cheaper against Hotstuff than usual: you would sell low and buy high (−$7 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	741.32	0.0176	pay 0.0022% / 1h	3m 53s	$33K	$105	20x
Short	Gate META_USDT	740.83	0	get 0.0000% / 8h	3m 53s	$344K	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.066%Rate

Funding earned: −$36.96
Price spread: −0.066% → 0.000%: −$6.61
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	5.73 bp	17.5 bp −$18	37.5 bp −$375	doesn't fit	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 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-USDT	−0.0120%	8h	741.56	+0.032%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.50	+0.024%	$457K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.16	−0.021%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.34	+0.002%	$27.5M	$180.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.06	−0.035%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.13	−0.026%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.83	−0.066%	$344K	$5.5M	100x
Bitget METAUSDT	0.0000%	8h	741.24	−0.011%	$5.6M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.49	+0.024%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.61	+0.039%	$12K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.44	+0.016%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.15	−0.023%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.53	+0.028%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0016%	1h	740.81	−0.068%	$385K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.39	+0.009%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.39	+0.009%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.94	−0.051%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.41	+0.012%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.25	−0.009%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.14	−0.024%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.13	−0.026%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.70	−0.084%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	741.30	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	741.91	+0.080%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	+0.004%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.28	−0.005%	$1.6M	$404K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.73	−0.080%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.29	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.16	−0.021%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.48	+0.022%	$291K	$797K	20x	as long as short
Hotstuff META-PERPlong	+0.0176%	1h	741.32	long leg	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.305%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	741.16	−0.022%	$67.8M	$122.6M	20x	as long as short
Lighter META	+0.0280%	1h	741.49	+0.023%	$859K	$2.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0290%	1h	741.12	−0.027%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0660%	4h	741.52	+0.027%	$62K	$333K	10x	as long as short