Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0164%/8h= +17.9% APRpaid last 24h +0.054%

Price spread now: tradeXYZ against HTX+0.042%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.042%, 7d avg −0.009%

Together, before fees+0.030%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.051% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	740.34	0	get 0.0000% / 8h	7h 00m	$105K	$295K	30x
Short	tradeXYZ xyz:META	740.65	0.0164	get 0.0020% / 1h	0m 10s	$67.9M	$121.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.042%Rate

Funding earned: $34.35
Price spread: +0.042% → −0.009%: $5.12
Slippage, 4 orders: −$13.06
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$3.6
Costs to cover: 0.431%
Break-even: 7.7 days

Slippage from HTX: live order book, 7 min ago; tradeXYZ: live order book, 10 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, 7 min ago	2.84 bp	14.4 bp −$14	25.0 bp −$250	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.14 bp	9.6 bp −$10	10.4 bp −$104	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	740.39	+0.007%	$326K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0115%	1h	740.03	−0.042%	$30K	$246K	10x	as long as short
Nado META-PERP	−0.0104%	1h	740.35	+0.001%	$491K	$525K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.42	+0.011%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.27	−0.009%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.46	+0.016%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.68	+0.046%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	−0.012%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.35	+0.001%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.46	+0.016%	$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	−0.017%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.072%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.58	+0.032%	$821	$9.3M	20x	as long as short
HTX META-USDTlong	0.0000%	8h	740.34	long leg	$105K	$295K	30x
Phemex METAUSDT	0.0000%	4h	740.52	+0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.70	+0.049%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.87	+0.072%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	+0.009%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.28	−0.008%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.48	+0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.97	−0.050%	$693K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.20	−0.019%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.33	−0.001%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.06	−0.038%	$110K	$331K	10x	as long as short
Hotstuff META-PERP	+0.0064%	1h	740.46	+0.016%	$33K	$105	20x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	740.98	+0.087%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.71	+0.050%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.26	−0.011%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.49	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.32	−0.003%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.19	−0.020%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:METAshort	+0.0164%	1h	740.65	+0.042%	$67.9M	$121.1M	20x
Lighter META	+0.0184%	1h	740.67	+0.045%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.335%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.55	+0.163%	$339K	$930K	20x	as long as short
edgeX METAUSDC	+0.0352%	4h	740.50	+0.022%	$62K	$336K	10x	as long as short