Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.016%

Price spread now: Hotstuff against OKX+0.005%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	741.29	0	get 0.0000% / 8h	5h 36m	$5.9M	$13.3M	20x
Short	Hotstuff META-PERP	741.33	0.0248	get 0.0031% / 1h	36m 37s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now +0.005%Rate

Funding earned: $52.08
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $37.62
Costs to cover: 0.150%
Break-even: 1.9 days

Slippage unknown: OKX: live order book, 2 min ago; Hotstuff: 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 OKX live order book, 2 min ago	1.75 bp	10.6 bp −$11	22.9 bp −$229	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	741.24	−0.007%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0034%	1h	740.97	−0.043%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.62	+0.045%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.00	−0.039%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.14	−0.020%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.12	−0.023%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	741.29	long leg	$5.9M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.86	−0.058%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.22	−0.009%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	−0.022%	$2.3M	$3.1M	—	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	741.42	+0.017%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.22	−0.009%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	−0.082%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	−0.055%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	−0.011%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.49	+0.027%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.10	−0.026%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.80	−0.066%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.43	+0.019%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.28	−0.001%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.93	−0.049%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.13	−0.022%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.103%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.98	−0.041%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.11	+0.111%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.071%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.39	+0.013%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.082%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	−0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.95	−0.046%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.301%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.43	+0.019%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERPshort	+0.0248%	1h	741.33	+0.005%	$33K	$105	20x
tradeXYZ xyz:META	+0.0342%	1h	741.29	0.000%	$69.1M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.115%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	−0.020%	$62K	$335K	10x	as long as short