Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against HTX+0.036%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.036%, 7d avg −0.025%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.062% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	739.99	0	get 0.0000% / 8h	6h 58m	$105K	$295K	30x
Short	ApeX Omni METAUSDT	740.26	0.0100	get 0.0013% / 1h	58m 31s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.036%Rate

Funding earned: $21
Price spread: +0.036% → −0.025%: $6.16
Slippage, 4 orders: −$33.55
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28.39
Costs to cover: 0.556%
Break-even: 16.5 days

Slippage from HTX: live order book, 8 min ago; ApeX Omni: 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 HTX live order book, 8 min ago	2.84 bp	14.4 bp −$14	25.0 bp −$250	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 7 min ago	2.63 bp	16.1 bp −$16	497.8 bp −$4,978	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
Nado META-PERP	−0.0204%	1h	740.38	+0.053%	$490K	$527K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.34	+0.047%	$326K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0047%	1h	739.98	−0.001%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.51	+0.070%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.21	+0.030%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.39	+0.053%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.59	+0.081%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.11	+0.016%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.20	+0.028%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	+0.058%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.22	+0.030%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.064%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.37	+0.051%	$720	$9.3M	20x	as long as short
HTX META-USDTlong	0.0000%	8h	739.99	long leg	$105K	$295K	30x
Phemex METAUSDT	0.0000%	4h	740.44	+0.061%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.18	+0.026%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.62	+0.085%	$753K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.01	+0.003%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.83	+0.114%	—	$11K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.59	+0.081%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	+0.057%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.18	+0.026%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.34	+0.047%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.018%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.39	+0.054%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.00	+0.137%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	+0.086%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	740.26	+0.036%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.065%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.58	+0.080%	$857K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	+0.038%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	+0.027%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0160%	1h	740.58	+0.080%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.382%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.06	+0.145%	$343K	$920K	20x	as long as short
edgeX METAUSDC	+0.0352%	4h	740.50	+0.069%	$62K	$336K	10x	as long as short