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 +0.022%

Price spread now: GRVT against HTX+0.015%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

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

costs, in and out, $10k−$340.337% of the position

Long on HTX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.015%, 7d avg +0.016%

Together, before fees−0.179%+ Points / potential airdropGRVT: Active · farm board−$18 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	744.84	0	get 0.0000% / 8h	3h 55m	$106K	$302K	30x
Short	GRVT META_USDT_Perp	744.96	0	get 0.0000% / 8h	3h 55m	$12K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.016%: −$0.06
Slippage, 4 orders: −$12.72
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$33.78
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; GRVT: live order book, 62 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, 62 min ago	2.69 bp	10.0 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell GRVT live order book, 62 min ago	1.08 bp	8.6 bp −$9	11.7 bp −$117	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	745.07	+0.031%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0031%	1h	744.31	−0.071%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.38	−0.062%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.56	−0.038%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.54	−0.040%	$28.5M	$183.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.60	−0.032%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.67	−0.023%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.06	−0.105%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.58	−0.035%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	−0.018%	$2.4M	$3.2M	—	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_Perpshort	0.0000%	8h	744.96	+0.015%	$12K	$450K	10x
SunX META-USDT	0.0000%	8h	744.79	−0.007%	$877	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.32	−0.070%	$31K	$246K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	744.84	long leg	$106K	$302K	30x
Phemex METAUSDT	0.0000%	4h	745.02	+0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.91	+0.009%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.35	−0.066%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.78	−0.008%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.76	−0.011%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	−0.070%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.80	−0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.19	−0.087%	$819K	$4.7M	10x	as long as short
QFEX META-USD	+0.0058%	1h	744.53	−0.042%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.21	+0.049%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.71	−0.017%	$1.6M	$593K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.24	−0.081%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.49	−0.047%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0102%	8h	744.53	−0.042%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	744.41	−0.058%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.49	−0.047%	$616K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0208%	1h	744.72	−0.016%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.44	−0.054%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	744.90	+0.008%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0321%	1h	744.51	−0.044%	$69.9M	$121.1M	20x	as long as short
Phoenix META	+0.0591%	1h	745.89	+0.141%	$745K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0811%	4h	744.82	−0.003%	$62K	$336K	10x	as long as short