Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.019%

Price spread now: Ondo Perps against HTX−0.038%7-day average −0.067% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.038%, 7d avg −0.067%

Together, before fees−0.001%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.029% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	743.45	0	get 0.0000% / 8h	46m 55s	$107K	$285K	30x
Short	Ondo Perps META-USD.P	743.17	0.0050	get 0.0006% / 1h	46m 55s	$782K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.038%Rate

Funding earned: $10.58
Price spread: −0.038% → −0.067%: $2.93
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.48
Costs to cover: 0.170%
Break-even: 9.3 days

Slippage unknown: HTX: live order book, 30 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 30 min ago	2.70 bp	11.8 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	743.67	+0.030%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0071%	1h	743.53	+0.010%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.23	−0.030%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.54	+0.013%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.67	+0.030%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.67	+0.030%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.77	+0.043%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.26	−0.026%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.52	+0.009%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.064%	$2.3M	$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_Perp	0.0000%	8h	743.15	−0.041%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.45	0.000%	$900	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.43	−0.003%	$30K	$257K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	743.45	long leg	$107K	$285K	30x
Phemex METAUSDT	0.0000%	4h	743.35	−0.013%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.48	+0.004%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.98	+0.071%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.23	−0.030%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.98	+0.071%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.68	+0.031%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.71	+0.035%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.63	+0.024%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	743.17	−0.038%	$782K	$4.3M	10x
Paradex META-USD-PERP	+0.0051%	8h	743.63	+0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.55	+0.014%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.023%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.42	−0.004%	$1.6M	$377K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.098%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.53	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.44	−0.001%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	743.79	+0.046%	$33K	$105	20x	as long as short
Phoenix META	+0.0129%	1h	743.34	−0.015%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.93	+0.065%	$865K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0209%	1h	743.79	+0.046%	$67.6M	$122.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.097%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	743.03	−0.057%	$62K	$332K	10x	as long as short