Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.009%

Price spread now: HTX against Coinbase International−0.019%59s7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.351% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.019%, 7d avg +0.089%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.107% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	739.36	0.0144	pay 0.0018% / 1h	45m 21s	$601K	$7.3M	10x
Short	HTX META-USDT	739.22	0	get 0.0000% / 8h	7h 45m	$106K	$292K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$30.24
Price spread: −0.019% → +0.089%: −$10.75
Slippage, 4 orders: −$13.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$76.05
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; HTX: live order book, 27 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 Coinbase International live order book, 4 min ago	2.16 bp	7.8 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell HTX live order book, 27 min ago	2.70 bp	8.7 bp −$9	12.6 bp −$126	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
BloFin META-USDT	−0.0120%	8h	740.01	+0.088%	$327K	$1.1M	20x	as long as short
Phemex METAUSDT	−0.0068%	4h	739.85	+0.066%	$2.0M	$7K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.68	+0.179%	$463K	$548K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.48	+0.016%	$554K	$1.9M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.63	+0.037%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.57	+0.028%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.52	+0.022%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.23	−0.018%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.67	+0.042%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.65	+0.039%	$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	740.23	+0.118%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.48	+0.016%	$652	$9.3M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	739.22	−0.019%	$106K	$292K	30x
Nado META-PERP	+0.0026%	1h	739.11	−0.034%	$381K	$335K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.67	+0.042%	$757K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.73	+0.050%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.50	+0.019%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.36	0.000%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.48	+0.016%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.70	−0.089%	$687K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.44	+0.011%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.49	+0.018%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	739.18	−0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	739.98	+0.084%	$48K	$79K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	739.24	−0.016%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.79	+0.058%	$1.6M	$417K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.38	+0.003%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.88	+0.070%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.68	+0.043%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0105%	1h	739.48	+0.016%	$67.7M	$121.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0142%	1h	739.46	+0.014%	$30K	$250K	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	739.36	long leg	$601K	$7.3M	10x
Injective META/USDC PERP	+0.0220%	1h	738.87	−0.066%	$170K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	739.74	+0.051%	$855K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	739.42	+0.008%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0367%	4h	740.09	+0.099%	$62K	$334K	10x	as long as short