Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against HTX−0.055%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now −0.055%, 7d avg +0.011%

Together, before fees−0.240%−$24 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: OKX is 0.066% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	744.52	0	get 0.0000% / 8h	7h 44m	$108K	$312K	30x
Short	OKX META-USDT-SWAP	744.11	0	get 0.0000% / 8h	7h 44m	$6.0M	$12.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.011%: −$6.64
Slippage, 4 orders: −$37.22
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.86
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from HTX: live order book, 52 min ago; OKX: live order book, 3 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, 52 min ago	12.68 bp	19.0 bp −$19	24.5 bp −$245	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.80 bp	12.4 bp −$12	21.4 bp −$214	doesn't fit	doesn't fit

META on 37 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	745.02	+0.067%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0046%	1h	744.77	+0.034%	$480K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.10	+0.078%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.67	+0.020%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.64	+0.016%	$25.8M	$191.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.35	−0.023%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	744.11	−0.055%	$6.0M	$12.8M	20x
Gate META_USDT	0.0000%	8h	743.89	−0.085%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.61	+0.012%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	+0.041%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.46	+0.260%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.94	+0.056%	$840	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.54	+0.003%	$53K	$282K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	744.52	long leg	$108K	$312K	30x
Phemex METAUSDT	0.0000%	4h	745.52	+0.134%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.93	+0.055%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.90	+0.051%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.71	+0.026%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.30	+0.105%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.01	+0.066%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.66	+0.019%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.69	+0.023%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.50	−0.003%	$724K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	744.85	+0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0082%	1h	745.56	+0.140%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	745.01	+0.065%	$635	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.17	+0.087%	$1.6M	$752K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.102%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.33	+0.109%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.11	+0.079%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	−0.003%	$652K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.91	+0.455%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	745.16	+0.086%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0253%	1h	744.75	+0.031%	$84.2M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.087%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0372%	4h	746.05	+0.205%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.220%	$797K	$1.5M	20x	as long as short