Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against HTX+0.036%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.036%, 7d avg +0.016%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.021% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	740.45	0	get 0.0000% / 8h	6h 29m	$105K	$296K	30x
Short	Bitget METAUSDT	740.72	0	get 0.0000% / 8h	6h 29m	$5.5M	$11.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.016%: $2.08
Slippage, 4 orders: −$23.03
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.95
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; Bitget: live order book, 4 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, 38 min ago	2.84 bp	14.4 bp −$14	25.0 bp −$250	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.35 bp	12.4 bp −$12	26.3 bp −$263	45.0 bp −$4,497	doesn't fit

META on 35 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
Nado META-PERP	−0.0144%	1h	740.75	+0.041%	$479K	$548K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.63	+0.024%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.17	−0.038%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.46	+0.002%	$27.3M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.39	−0.008%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.67	+0.030%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.55	+0.014%	$351K	$5.6M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	740.72	+0.036%	$5.5M	$11.3M	100x
Variational Omni META	0.0000%	8h	740.98	+0.072%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.057%	$12K	$435K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.77	+0.043%	$1K	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.92	−0.072%	$31K	$244K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	740.45	long leg	$105K	$296K	30x
Phemex METAUSDT	0.0000%	4h	740.95	+0.068%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0001%	4h	740.98	+0.071%	$62K	$336K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.65	+0.027%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.67	+0.030%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.50	+0.007%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.20	+0.101%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.84	+0.053%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.60	+0.020%	$558K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.60	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.28	−0.023%	$700K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.92	+0.063%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.33	+0.118%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.59	+0.019%	$1.6M	$480K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.61	+0.022%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.39	−0.008%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.60	+0.020%	$856K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.29	−0.022%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.028%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	741.12	+0.090%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.42	−0.004%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0235%	1h	740.51	+0.008%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	741.84	+0.188%	$407K	$1.1M	20x	as long as short