Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX+0.009%76s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.789% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.009%, 7d avg −0.026%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.035% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	745.80	0	get 0.0000% / 8h	2h 52m	$106K	$305K	30x
Short	ApeX Omni METAUSDT	745.87	0.0100	get 0.0013% / 1h	52m 15s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.009%Rate

Funding earned: $21
Price spread: +0.009% → −0.026%: $3.55
Slippage, 4 orders: −$56.91
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$54.36
Costs to cover: 0.789%
Break-even: 25.1 days

Slippage from HTX: live order book, 60 min ago; ApeX Omni: live order book, 59 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 HTX live order book, 60 min ago	2.69 bp	11.2 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	2.62 bp	30.2 bp −$30	624.6 bp −$6,246	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
BloFin META-USDT	−0.0120%	8h	746.18	+0.051%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.07	+0.171%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.96	+0.021%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.16	+0.048%	$28.3M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.14	+0.046%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.27	+0.063%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.50	−0.040%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.039%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.110%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.10	+0.040%	$716	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.65	−0.020%	$31K	$255K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	745.80	long leg	$106K	$305K	30x
Phemex METAUSDT	0.0000%	4h	746.16	+0.048%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.86	+0.008%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.38	+0.078%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.07	+0.036%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.80	0.000%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.07	+0.036%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.043%	$759K	$4.5M	10x	as long as short
Lighter RH META	+0.0064%	1h	746.38	+0.078%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0065%	1h	745.50	−0.040%	$482K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	746.12	+0.044%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.145%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0087%	8h	746.24	+0.059%	$5.5M	$11.9M	100x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.27	+0.063%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	745.87	+0.009%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.13	+0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	+0.026%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.082%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0152%	1h	746.07	+0.036%	$179K	$199K	20x	as long as short
edgeX METAUSDC	+0.0218%	4h	745.98	+0.024%	$62K	$338K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.429%	$173K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.49	+0.093%	$978K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.051%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0517%	1h	746.37	+0.076%	$72.6M	$122.3M	20x	as long as short
Phoenix META	+0.0685%	1h	748.29	+0.334%	$799K	$1.4M	20x	as long as short