Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Deribit against HTX−0.035%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.035%, 7d avg −0.039%

Together, before fees+0.032%+$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	740.32	0	get 0.0000% / 8h	6h 23m	$105K	$296K	30x
Short	Deribit META_USDC-PERPETUAL	740.06	0	get 0.0000% / 1h	23m 29s	$31K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.039%: $0.4
Slippage, 4 orders: −$19.09
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.69
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; Deribit: live order book, 45 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, 43 min ago	2.84 bp	14.4 bp −$14	25.0 bp −$250	doesn't fit	doesn't fit
Sell Deribit live order book, 45 min ago	0.07 bp	3.6 bp −$4	4.7 bp −$47	doesn't fit	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	−0.0134%	1h	740.15	−0.023%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.70	+0.052%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.29	−0.004%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.45	+0.018%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.33	+0.001%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.41	+0.012%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.27	−0.007%	$353K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.49	+0.023%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.67	+0.048%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.40	+0.011%	$12K	$431K	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	740.39	+0.009%	$876	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	740.06	−0.035%	$31K	$244K	10x
HTX META-USDTlong	0.0000%	8h	740.32	long leg	$105K	$296K	30x
Phemex METAUSDT	0.0000%	4h	740.86	+0.073%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.43	+0.015%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.70	+0.051%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.14	−0.024%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.55	+0.031%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.44	+0.016%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.20	−0.016%	$558K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.45	+0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.045%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.30	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	741.29	+0.131%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.51	+0.026%	$1.6M	$483K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.061%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.53	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	+0.003%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.046%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0120%	1h	740.63	+0.042%	$856K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.43	+0.015%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.96	+0.357%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0240%	1h	740.42	+0.014%	$68.3M	$119.9M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.124%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0851%	4h	740.34	+0.003%	$62K	$334K	10x	as long as short