Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.107%

Price spread now: Extended against HTX+0.011%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.011%, 7d avg −0.006%

Together, before fees+0.047%+ Points / potential airdropExtended: Active · farm board+$5 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	743.50	0	get 0.0000% / 8h	2h 16m	$106K	$306K	30x
Short	Extended META_24_5-USD	743.58	0	get 0.0000% / 1h	16m 25s	$544K	$2.6M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.006%: $1.78
Slippage, 4 orders: −$14.58
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.8
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from HTX: live order book, 31 min ago; Extended: live order book, 2 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, 31 min ago	2.68 bp	11.3 bp −$11	15.2 bp −$152	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.54 bp	5.8 bp −$6	30.9 bp −$309	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	743.79	+0.039%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.15	+0.088%	$479K	$589K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	743.58	+0.011%	$544K	$2.6M	17x
Binance METAUSDT	0.0000%	8h	743.83	+0.044%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.71	+0.028%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.80	+0.040%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.15	−0.047%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.86	+0.048%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.58	+0.011%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.82	+0.043%	$12K	$443K	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	743.79	+0.039%	$840	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.023%	$31K	$264K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	743.50	long leg	$106K	$306K	30x
Phemex METAUSDT	0.0000%	4h	743.89	+0.052%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0013%	1h	743.48	−0.003%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.92	+0.056%	$760K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.39	−0.015%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.18	+0.091%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.89	+0.052%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.99	+0.066%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.52	+0.003%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.66	+0.022%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.024%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.46	−0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.44	+0.126%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.69	+0.026%	$1.6M	$651K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.066%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.69	+0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.50	−0.001%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	+0.011%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0187%	4h	743.65	+0.020%	$62K	$340K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.338%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.01	+0.069%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.02	+0.070%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0446%	1h	744.31	+0.109%	$75.3M	$125.4M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.187%	$795K	$1.4M	20x	as long as short