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 +0.025%

Price spread now: Bybit against HTX+0.015%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.015%, 7d avg +0.015%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	737.92	0	get 0.0000% / 8h	7h 38m	$106K	$292K	30x
Short	Bybit METAUSDT	738.03	0	get 0.0000% / 8h	7h 38m	$7.6M	$13.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.015%: −$0.05
Slippage, 4 orders: −$11.38
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.43
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; Bybit: 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, 33 min ago	2.70 bp	11.4 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.27 bp	5.8 bp −$6	15.9 bp −$159	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
Phemex METAUSDT	−0.0400%	4h	738.31	+0.053%	$2.0M	$8K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	738.18	+0.035%	$328K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.64	+0.097%	$465K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	737.99	+0.009%	$547K	$2.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.11	+0.026%	$27.2M	$179.1M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	738.03	+0.015%	$7.6M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	738.18	+0.035%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	737.80	−0.016%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	737.98	+0.008%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	738.89	+0.132%	$2.3M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.31	+0.188%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	738.32	+0.054%	$885	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	737.57	−0.047%	$30K	$250K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	737.92	long leg	$106K	$292K	30x
Nado META-PERP	+0.0030%	1h	737.55	−0.050%	$372K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	738.15	+0.031%	$755K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.15	+0.031%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	737.92	0.000%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	737.94	+0.003%	$556K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	737.76	−0.022%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	736.96	−0.130%	$686K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.13	+0.028%	$2.2M	$14.2M	10x	as long as short
Hotstuff META-PERP	+0.0056%	1h	737.77	−0.020%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	738.25	+0.045%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	737.73	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	738.52	+0.081%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.13	+0.028%	$1.6M	$423K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.75	−0.023%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.14	+0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	737.98	+0.009%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	737.66	−0.035%	$610K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0145%	1h	738.15	+0.031%	$67.2M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.07	+0.291%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	739.18	+0.171%	$277K	$930K	20x	as long as short
Lighter META	+0.0272%	1h	738.21	+0.039%	$849K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0843%	4h	738.72	+0.109%	$62K	$333K	10x	as long as short