Funding you earn now, next payment 05:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.056%
Price spread now: HTX against tradeXYZ−0.074%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.074%, 7d avg +0.008%
=Together, before fees+0.033%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and HTX is 0.081% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.187% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:META | 747.61 | 0.0346 | pay 0.0043% / 1h | 4m 51s | $72.0M | $121.8M | 20x |
| Short | HTX META-USDT | 747.06 | 0 | get 0.0000% / 8h | 3h 04m | $106K | $304K | 30x |
tradeXYZ xyz:META
HTX META-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$72.76
- Price spread: −0.074% → +0.008%
- −$8.14
- Slippage, 4 orders
- −$9.83
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$120.73
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; HTX: live order book, 47 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 tradeXYZ live order book, 4 min ago | 0.60 bp | 9.9 bp −$10 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell HTX live order book, 47 min ago | 2.69 bp | 8.7 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
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 | 747.32 | −0.039% | $331K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0003% | 1h | 747.33 | −0.037% | $483K | $556K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 747.17 | −0.059% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 747.28 | −0.044% | $548K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 747.45 | −0.022% | $28.5M | $182.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 747.36 | −0.033% | $7.5M | $14.6M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 747.47 | −0.019% | $6.0M | $12.9M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 747.06 | −0.074% | $421K | $5.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 747.58 | −0.003% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 748.03 | +0.057% | $12K | $448K | 10x | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 747.12 | −0.066% | $965 | $8.8M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 746.57 | −0.139% | $31K | $252K | 10x | as long as short |
| HTX META-USDTshort | 0.0000% | 8h | 747.06 | −0.074% | $106K | $304K | 30x | |
| Phemex METAUSDT | 0.0000% | 4h | 747.93 | +0.043% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 747.50 | −0.015% | $770K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 747.32 | −0.039% | $111K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 747.61 | 0.000% | — | $11K | 25x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 746.80 | −0.108% | $588K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 747.19 | −0.056% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 746.55 | −0.142% | $770K | $4.6M | 10x | as long as short |
| QFEX META-USD | +0.0058% | 1h | 747.32 | −0.039% | $2.2M | $13.8M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0062% | 8h | 747.53 | −0.010% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0083% | 1h | 748.11 | +0.067% | $52K | $82K | 10x | as long as short |
| Popdex METAUSDT | +0.0096% | 1h | 747.28 | −0.044% | $180K | $199K | 20x | as long as short |
| Bitget METAUSDT | +0.0098% | 8h | 747.42 | −0.025% | $5.5M | $11.9M | 100x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 747.55 | −0.008% | $1.6M | $625K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 747.07 | −0.072% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 747.03 | −0.078% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 746.94 | −0.089% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 747.35 | −0.035% | $667K | $7.6M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 747.19 | −0.056% | $172K | $48K | 30x | as long as short |
| Hotstuff META-PERP | +0.0256% | 1h | 747.53 | −0.011% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0280% | 1h | 747.49 | −0.016% | $916K | $2.5M | 20x | as long as short |
| tradeXYZ xyz:METAlong | +0.0346% | 1h | 747.61 | long leg | $72.0M | $121.8M | 20x | |
| Phoenix META | +0.0633% | 1h | 749.25 | +0.219% | $800K | $1.4M | 20x | as long as short |
| edgeX METAUSDC | +0.0974% | 4h | 747.99 | +0.051% | $62K | $338K | 10x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
Phemex METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Popdex METAUSDT
Bitget METAUSDT
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Hotstuff META-PERP
Lighter META
Phoenix META
edgeX METAUSDC