Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against SoDEX+0.058%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.058% dearer against SoDEX than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	739.92	0.0050	pay 0.0006% / 1h	38m 37s	$24K	$3K	10x
Short	HTX META-USDT	740.35	0	get 0.0000% / 8h	6h 38m	$105K	$296K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$10.5
Price spread: +0.058% → 0.000%: $5.81
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 28 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX live order book, 28 min ago	2.84 bp	9.6 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit

SoDEX: 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
Deribit META_USDC-PERPETUAL	−0.0210%	1h	739.42	−0.068%	$31K	$244K	10x	as long as short
Nado META-PERP	−0.0148%	1h	739.74	−0.024%	$478K	$547K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	+0.009%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.70	+0.105%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.65	−0.036%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.83	−0.012%	$27.3M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.92	0.000%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.93	+0.001%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.59	−0.045%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.09	+0.023%	$5.5M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.73	−0.026%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.92	0.000%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.97	+0.007%	$825	$9.2M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	740.35	+0.058%	$105K	$296K	30x
Phemex METAUSDT	0.0000%	4h	740.05	+0.018%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.87	−0.007%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.29	+0.050%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.54	−0.051%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.33	+0.055%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.90	−0.003%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.78	−0.019%	$557K	$855K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	739.92	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	739.23	−0.093%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.72	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.51	+0.080%	$49K	$80K	10x	as long as short
Lighter META	+0.0096%	1h	740.14	+0.030%	$855K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.94	+0.003%	$1.6M	$471K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.34	−0.078%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.99	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.82	−0.013%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.064%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.13	+0.028%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.58	−0.046%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0246%	1h	740.13	+0.028%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.70	+0.105%	$386K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	740.02	+0.014%	$62K	$334K	10x	as long as short