Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: HTX against Deribit−0.015%58s7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$320.324% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.015%, 7d avg +0.040%

Together, before fees−0.004%$0 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 0.055% cheaper against Deribit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 58 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	Deribit META_USDC-PERPETUAL	747.31	0	get 0.0000% / 1h	3m 20s	$31K	$255K	10x
Short	HTX META-USDT	747.20	0	get 0.0000% / 8h	3h 03m	$107K	$304K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.040%: −$5.49
Slippage, 4 orders: −$13.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.92
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Deribit: live order book, 50 min ago; HTX: live order book, 49 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 Deribit live order book, 50 min ago	0.07 bp	9.0 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell HTX live order book, 49 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	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	747.32	+0.001%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	747.75	+0.059%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.25	−0.008%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.46	+0.019%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.64	+0.044%	$28.5M	$182.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.62	+0.041%	$7.6M	$14.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.64	+0.044%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.33	+0.003%	$431K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.037%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.40	+0.012%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.52	+0.028%	$775	$8.7M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	747.31	long leg	$31K	$255K	10x
HTX META-USDTshort	0.0000%	8h	747.20	−0.015%	$107K	$304K	30x
Phemex METAUSDT	0.0000%	4h	747.54	+0.031%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.25	+0.126%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.24	−0.009%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.88	+0.076%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.30	−0.001%	$588K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.54	+0.031%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.04	−0.036%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.76	+0.060%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	747.77	+0.062%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	748.45	+0.153%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.73	+0.056%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.75	+0.059%	$1.6M	$626K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.07	−0.032%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.68	+0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.57	+0.035%	$269	—	10x	as long as short
Bitget METAUSDT	+0.0105%	8h	747.71	+0.054%	$5.5M	$12.0M	100x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.51	+0.027%	$673K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.04	−0.036%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0264%	1h	747.97	+0.088%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	748.20	+0.119%	$920K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0350%	1h	748.03	+0.096%	$72.1M	$121.9M	20x	as long as short
Phoenix META	+0.0633%	1h	748.62	+0.175%	$802K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0817%	4h	747.32	+0.001%	$62K	$339K	10x	as long as short