Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0408%/8h= +44.7% APRpaid last 24h +0.035%

Price spread now: Hotstuff against BloFin+0.070%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hotstuff is 0.070% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	745.94	−0.0120	get 0.0120% / 8h	58m 00s	$332K	$1.1M	20x
Short	Hotstuff META-PERP	746.46	0.0288	get 0.0036% / 1h	58m 00s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now +0.070%Rate

Funding earned: $85.68
Price spread: +0.070% → 0.000%: $6.97
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $75.65
Costs to cover: 0.170%
Break-even: 0.8 days

Slippage unknown: BloFin: live order book, 4 min ago; Hotstuff: no order-book sample. 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 BloFin live order book, 4 min ago	0.74 bp	6.9 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 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-USDTlong	−0.0120%	8h	745.94	long leg	$332K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	745.96	+0.003%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.18	+0.033%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.25	+0.042%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.14	+0.027%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.35	+0.055%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.69	−0.034%	$464K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.23	+0.039%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	−0.042%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.71	−0.031%	$12K	$436K	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	746.10	+0.021%	$792	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.83	−0.015%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.12	+0.024%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.22	+0.038%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.91	−0.004%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.55	−0.052%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.31	+0.050%	—	$12K	25x	as long as short
Lighter RH META	+0.0048%	1h	746.57	+0.084%	$787K	$3.1M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.74	−0.027%	$565K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.16	+0.029%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.42	−0.070%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.82	−0.016%	—	—	5x	as long as short
Nado META-PERP	+0.0071%	1h	745.63	−0.042%	$481K	$559K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.31	+0.049%	$52K	$81K	10x	as long as short
Pacifica META	+0.0100%	1h	745.48	−0.062%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.94	0.000%	$1.6M	$702K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.11	−0.111%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.12	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	+0.006%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.50	−0.059%	$649K	$7.8M	10x	as long as short
Popdex METAUSDT	+0.0176%	1h	746.18	+0.032%	$178K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.346%	$173K	$46K	30x	as long as short
Hotstuff META-PERPshort	+0.0288%	1h	746.46	+0.070%	$33K	$105	20x
Lighter META	+0.0408%	1h	746.69	+0.101%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0520%	1h	746.61	+0.090%	$78.9M	$128.4M	20x	as long as short
Phoenix META	+0.0739%	1h	746.85	+0.122%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0835%	4h	745.64	−0.040%	$62K	$345K	10x	as long as short