Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.065%

Price spread now: HTX against Injective−0.281%7-day average −0.315% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$720.717% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.461%−$46 on $10k

Price spread, last 3 days (all we have)+0.197%+$20 · spread now −0.281%, 7d avg −0.315%

Together, before fees−0.264%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.034% dearer against Injective than usual: you sell high and buy low (spread −0.281% now, against its 7-day average of −0.315%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	743.58	0.0220	pay 0.0028% / 1h	12m 23s	$169K	$46K	30x
Short	HTX META-USDT	741.49	0	get 0.0000% / 8h	12m 23s	$107K	$285K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −0.281%Rate

Funding earned: −$46.2
Price spread: −0.281% → −0.315%: $3.4
Slippage, 4 orders: −$59.64
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$114.46
Costs to cover: 0.717%
Break-even: never at this rate

Slippage from Injective: live order book, 1 min ago; HTX: live order book, 65 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 Injective live order book, 1 min ago	16.84 bp	16.8 bp −$17	9880.5 bp −$98.8K	doesn't fit	doesn't fit
Sell HTX live order book, 65 min ago	2.70 bp	8.7 bp −$9	14.2 bp −$142	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	741.71	−0.251%	$328K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	741.21	−0.319%	$385K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.94	−0.221%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.70	−0.252%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.89	−0.227%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.74	−0.247%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.92	−0.223%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.39	−0.295%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.79	−0.241%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	−0.228%	$2.3M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.81	−0.239%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.48	−0.282%	$744	$9.5M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	741.49	−0.281%	$107K	$285K	30x
Phemex METAUSDT	0.0000%	4h	741.94	−0.221%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.83	−0.235%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.93	−0.222%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.43	−0.289%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.76	−0.245%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.82	−0.237%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.67	−0.257%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.57	−0.270%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.92	−0.358%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.57	−0.271%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.33	−0.169%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.315%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.71	−0.251%	$1.6M	$400K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.93	−0.356%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.68	−0.256%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.53	−0.275%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	−0.243%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.59	−0.268%	$33K	$105	20x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	743.58	long leg	$169K	$46K	30x
Lighter META	+0.0248%	1h	742.00	−0.212%	$860K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0264%	1h	741.74	−0.247%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0465%	1h	741.55	−0.273%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0727%	4h	741.69	−0.254%	$62K	$334K	10x	as long as short