Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: HTX against Aevo+0.013%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	740.53	0.0104	pay 0.0013% / 1h	43m 51s	$267	—	10x
Short	HTX META-USDT	740.62	0	get 0.0000% / 8h	5h 43m	$107K	$299K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$21.84
Price spread: +0.013% → 0.000%: $1.26
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.58
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 1 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 Aevo no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	2.30 bp	8.6 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit

Aevo: 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 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	739.96	−0.077%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.88	+0.048%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	+0.064%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.83	+0.041%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.08	+0.075%	$25.8M	$192.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.70	+0.023%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.25	+0.098%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.65	+0.017%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.89	+0.049%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.35	−0.024%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.05	+0.070%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.95	+0.057%	$1K	$7.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.48	−0.006%	$36K	$257K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	740.62	+0.013%	$107K	$299K	30x
Phemex METAUSDT	0.0000%	4h	741.33	+0.108%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.29	+0.103%	$870K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.52	−0.001%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.40	−0.017%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.03	+0.068%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.40	−0.017%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.75	+0.030%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.72	−0.109%	$713K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.54	+0.002%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.14	−0.052%	$648K	$7.6M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.09	+0.076%	$53K	$86K	10x	as long as short
Popdex METAUSDT	+0.0080%	1h	740.78	+0.034%	$178K	$201K	20x	as long as short
Pacifica META	+0.0100%	1h	740.26	−0.036%	$604	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.07	+0.073%	$1.6M	$884K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.35	−0.024%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.74	+0.029%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	740.53	long leg	$267	—	10x
Nado META-PERP	+0.0110%	1h	740.37	−0.021%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.435%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0285%	1h	740.99	+0.063%	$86.0M	$135.5M	20x	as long as short
Lighter META	+0.0352%	1h	741.23	+0.095%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0604%	4h	740.81	+0.038%	$62K	$350K	10x	as long as short
Phoenix META	+0.0613%	1h	741.71	+0.160%	$792K	$1.5M	20x	as long as short