Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.005%

Price spread now: HTX against Nado−0.008%7-day average +0.010% · 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−$370.367% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.008%, 7d avg +0.010%

Together, before fees+0.186%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	744.75	−0.0044	get 0.0006% / 1h	23m 12s	$480K	$559K	20x
Short	HTX META-USDT	744.69	0	get 0.0000% / 8h	1h 23m	$106K	$308K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $9.27
Price spread: −0.008% → +0.010%: −$1.8
Slippage, 4 orders: −$17.67
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.21
Costs to cover: 0.367%
Break-even: 29.1 days

Slippage from Nado: live order book, 20 min ago; HTX: live order book, 19 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 Nado live order book, 20 min ago	0.87 bp	11.5 bp −$11	95.8 bp −$958	doesn't fit	doesn't fit
Sell HTX live order book, 19 min ago	2.68 bp	8.7 bp −$9	10.7 bp −$107	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	744.83	+0.010%	$333K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0044%	1h	744.75	long leg	$480K	$559K	20x
Aster METAUSDT	0.0000%	8h	745.19	+0.059%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.64	−0.015%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.83	+0.010%	$25.0M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.65	−0.014%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.09	+0.045%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.32	−0.058%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.98	+0.031%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.86	+0.015%	$2.4M	$3.3M	—	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	744.95	+0.027%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.71	−0.006%	$789	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.30	−0.061%	$34K	$275K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	744.69	−0.008%	$106K	$308K	30x
Phemex METAUSDT	0.0000%	4h	744.90	+0.020%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.62	−0.018%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.12	+0.049%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.59	−0.022%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.33	+0.078%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.82	+0.009%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.33	−0.057%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.82	+0.009%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.020%	$685K	$5.3M	10x	as long as short
edgeX METAUSDC	+0.0052%	4h	745.04	+0.038%	$62K	$342K	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	744.84	+0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.82	+0.144%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.80	+0.006%	$1.6M	$685K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.59	−0.022%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.80	+0.006%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.69	−0.008%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.003%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.243%	$172K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	745.27	+0.069%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	745.44	+0.092%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0485%	1h	745.26	+0.068%	$77.7M	$127.4M	20x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.205%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.99	+0.032%	$13	$46	—	as long as short