Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.003%

Price spread now: KuCoin against Hotstuff+0.047%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.047% dearer against Hotstuff than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff META-PERP	743.46	0.0192	pay 0.0024% / 1h	8m 50s	$33K	$105	20x
Short	KuCoin METAUSDTM	743.81	0.0100	get 0.0100% / 8h	6h 08m	$1.6M	$849K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hotstuff. 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 HotstuffbpFee KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$19.32
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 5 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	4.84 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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	743.77	+0.042%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.073%	$494K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.49	+0.004%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.70	+0.032%	$26.0M	$192.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.72	+0.035%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.71	+0.034%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.24	−0.030%	$459K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.57	+0.015%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.41	−0.006%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.64	+0.024%	$12K	$434K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.87	+0.055%	$934	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.29	−0.023%	$36K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.53	+0.009%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.77	+0.042%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.76	+0.040%	$824K	$2.8M	20x	as long as short
Nado META-PERP	+0.0038%	1h	743.32	−0.019%	$477K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.21	−0.034%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	743.50	+0.005%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.89	+0.058%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.70	+0.032%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.40	−0.008%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.61	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.11	−0.047%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.39	−0.010%	—	—	5x	as long as short
edgeX METAUSDC	+0.0065%	4h	743.53	+0.010%	$62K	$348K	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.18	+0.097%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.95	−0.069%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	743.26	−0.027%	$607	$2K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	743.81	+0.047%	$1.6M	$849K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.34	−0.016%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.60	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.42	−0.005%	$268	—	10x	as long as short
Hotstuff META-PERPlong	+0.0192%	1h	743.46	long leg	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	745.23	+0.238%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0239%	1h	743.55	+0.012%	$86.1M	$135.0M	20x	as long as short
Lighter META	+0.0264%	1h	743.86	+0.054%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.90	+0.194%	$795K	$1.5M	20x	as long as short