Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%

Price spread now: HTX against Binance−0.014%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.014%, 7d avg −0.031%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	746.57	0	get 0.0000% / 8h	6m 44s	$25.4M	$189.7M	20x
Short	HTX META-USDT	746.47	0	get 0.0000% / 8h	6m 44s	$108K	$311K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.031%: $1.69
Slippage, 4 orders: −$26.44
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.75
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; HTX: live order book, 30 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 Binance live order book, 7 min ago	0.07 bp	5.6 bp −$6	13.1 bp −$131	44.1 bp −$4,413	doesn't fit
Sell HTX live order book, 30 min ago	12.68 bp	18.7 bp −$19	28.3 bp −$283	doesn't fit	doesn't fit

META on 37 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	746.81	+0.032%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.53	−0.006%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.52	−0.007%	$548K	$3.4M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	746.57	long leg	$25.4M	$189.7M	20x
Bybit METAUSDT	0.0000%	8h	746.66	+0.012%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.54	−0.005%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.36	−0.029%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.53	−0.006%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.085%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.23	+0.088%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.56	−0.002%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.22	−0.047%	$34K	$276K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	746.47	−0.014%	$108K	$311K	30x
Phemex METAUSDT	0.0000%	4h	747.33	+0.101%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.17	−0.054%	$481K	$561K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.54	−0.005%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	746.80	+0.030%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.69	+0.016%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.21	+0.085%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.28	−0.039%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.65	+0.010%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.25	−0.043%	$734K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.47	−0.014%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	746.71	+0.018%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.44	+0.117%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.78	+0.028%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.79	+0.029%	$1.6M	$727K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.55	−0.003%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.64	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.49	−0.011%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	+0.029%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.397%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	746.94	+0.049%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.99	+0.056%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0565%	1h	747.16	+0.079%	$83.7M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	747.82	+0.167%	$798K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.094%	$62K	$344K	10x	as long as short