Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: HTX against Vest−0.059%7-day average — · you buy dearer than you sell

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

Long on Vest 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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.059% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	743.74	0.0046	pay 0.0006% / 1h	41m 04s	—	$11K	25x
Short	HTX META-USDT	743.30	0	get 0.0000% / 8h	41m 04s	$107K	$285K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Vest. 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 VestbpFee HTXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$9.59
Price spread: −0.059% → 0.000%: −$5.92
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.51
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; HTX: live order book, 36 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 Vest no order-book sample	—	—	—	—	—
Sell HTX live order book, 36 min ago	2.70 bp	8.7 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit

Vest: 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	743.40	−0.046%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0075%	1h	743.25	−0.066%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	−0.032%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.42	−0.044%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.55	−0.026%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.56	−0.024%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.50	−0.032%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.10	−0.086%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.41	−0.044%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.70	−0.005%	$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	743.70	−0.005%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.34	−0.054%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.15	−0.079%	$30K	$257K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	743.30	−0.059%	$107K	$285K	30x
Phemex METAUSDT	0.0000%	4h	743.60	−0.019%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.38	−0.048%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.79	+0.007%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.93	−0.109%	$110K	$472K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	743.74	long leg	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	743.35	−0.052%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.32	−0.056%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.52	−0.030%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.89	−0.114%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.35	−0.053%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.19	+0.061%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.062%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.41	−0.044%	$1.6M	$379K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.24	−0.067%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.27	−0.063%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.34	−0.053%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.016%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.72	−0.003%	$865K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.55	−0.026%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0220%	1h	743.71	−0.004%	$67.7M	$122.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.281%	$170K	$46K	30x	as long as short
edgeX METAUSDC	+0.0937%	4h	743.66	−0.010%	$62K	$333K	10x	as long as short