Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: HTX against Bitget+0.092%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.092%, 7d avg −0.015%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.107% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	751.85	0	get 0.0000% / 8h	4h 23m	$6.0M	$9.7M	100x
Short	HTX META-USDT	752.54	0	get 0.0000% / 8h	4h 23m	$107K	$283K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → −0.015%: $10.69
Slippage, 4 orders: −$17.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.59
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; HTX: live order book, 7 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 Bitget live order book, 9 min ago	0.27 bp	11.5 bp −$12	18.9 bp −$189	36.0 bp −$3,599	doesn't fit
Sell HTX live order book, 7 min ago	2.62 bp	8.6 bp −$9	10.7 bp −$107	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
Hotstuff META-PERP	−0.0120%	1h	750.17	−0.223%	$34K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	749.99	−0.247%	$337K	$1.0M	20x	as long as short
Phoenix META	−0.0021%	1h	746.59	−0.700%	$306K	$622K	20x	as long as short
Nado META-PERP	−0.0009%	1h	752.30	+0.060%	$403K	$227K	20x	as long as short
Aster METAUSDT	0.0000%	8h	752.85	+0.133%	$463K	$449K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	752.59	+0.098%	$561K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	752.04	+0.026%	$28.2M	$163.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	752.25	+0.053%	$8.1M	$12.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	752.17	+0.043%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	752.11	+0.035%	$338K	$5.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METAUSDTlong	0.0000%	8h	751.85	long leg	$6.0M	$9.7M	100x
Variational Omni META	0.0000%	8h	749.56	−0.305%	$1.6M	$2.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.83	−0.667%	$13K	$532K	10x	as long as short
SunX META-USDT	0.0000%	8h	753.20	+0.180%	$1K	$9.4M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	752.54	+0.092%	$107K	$283K	30x
Phemex METAUSDT	0.0000%	4h	752.90	+0.140%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	752.76	+0.121%	$2.3M	$13.4M	10x	as long as short
Lighter META	+0.0032%	1h	752.22	+0.049%	$878K	$2.5M	20x	as long as short
Lighter RH META	+0.0032%	1h	752.34	+0.065%	$743K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	752.65	+0.106%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	752.89	+0.138%	$176K	$194K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	752.41	+0.074%	$649K	$6.8M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	752.11	+0.035%	$72.2M	$110.9M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	752.60	+0.100%	$548K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	752.92	+0.142%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	751.90	+0.007%	$689K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	752.05	+0.027%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	751.83	−0.003%	$1.6M	$300K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.41	−0.724%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	753.10	+0.166%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	752.96	+0.148%	$271	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0122%	1h	752.84	+0.132%	$29K	$259K	10x	as long as short
Arcus META-USD	+0.0128%	1h	752.53	+0.090%	$267K	$311K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.29	−0.340%	$170K	$42K	30x	as long as short
Aftermath Perps METAUSD	+0.0332%	1h	748.43	−0.455%	$42K	$49K	10x	as long as short
edgeX METAUSDC	+0.0670%	4h	748.56	−0.437%	$63K	$328K	10x	as long as short