Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against HTX+0.024%7-day average — · you sell dearer than you buy

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

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.024% dearer against HTX than usual: you sell high and buy low: +$2 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	HTX META-USDT	745.31	0	get 0.0000% / 8h	34m 24s	$108K	$312K	30x
Short	SoDEX META-USD	745.49	0.0050	get 0.0006% / 1h	34m 24s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $10.5
Price spread: +0.024% → 0.000%: $2.42
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.08
Costs to cover: 0.200%
Break-even: 11.7 days

Slippage unknown: HTX: live order book, 3 min ago; SoDEX: 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 HTX live order book, 3 min ago	12.68 bp	19.0 bp −$19	24.5 bp −$245	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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-USDT	−0.0120%	8h	745.79	+0.064%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	−0.042%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.28	−0.005%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.37	+0.008%	$25.1M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.20	−0.015%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.59	+0.038%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.79	−0.070%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.46	+0.020%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	+0.019%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.58	+0.036%	$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	745.44	+0.017%	$695	$8.1M	20x	as long as short
HTX META-USDTlong	0.0000%	8h	745.31	long leg	$108K	$312K	30x
Phemex METAUSDT	0.0000%	4h	745.75	+0.059%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.42	+0.015%	$2.2M	$13.9M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0032%	1h	745.01	−0.040%	$34K	$275K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.020%	$112K	$339K	10x	as long as short
Nado META-PERP	+0.0042%	1h	745.10	−0.028%	$480K	$560K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.71	+0.054%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.16	−0.020%	$565K	$621K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	745.49	+0.024%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.98	−0.044%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.34	+0.003%	—	—	5x	as long as short
Lighter RH META	+0.0056%	1h	745.79	+0.064%	$789K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.22	+0.122%	$48K	$90K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	745.50	+0.025%	$177K	$203K	20x	as long as short
Pacifica META	+0.0100%	1h	745.62	+0.041%	$25	$189	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.21	−0.013%	$1.6M	$717K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.68	−0.085%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.47	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.34	+0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.33	+0.003%	$645K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.69	+0.319%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0275%	4h	745.30	−0.001%	$62K	$344K	10x	as long as short
Lighter META	+0.0464%	1h	745.89	+0.078%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.06	+0.101%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0572%	1h	745.87	+0.075%	$81.5M	$130.0M	20x	as long as short
Phoenix META	+0.0750%	1h	746.69	+0.185%	$797K	$1.5M	20x	as long as short