Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1700%/8h= −186.1% APRpaid last 24h −0.021%

Price spread now: Hotstuff against KuCoin−0.003%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Hotstuff

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$51 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.17	0.0100	pay 0.0100% / 8h	4h 57m	$1.6M	$930K	20x
Short	Hotstuff META-PERP	740.15	−0.1600	pay 0.0200% / 1h	57m 29s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$357
Price spread: −0.003% → 0.000%: −$0.27
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$374.27
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Hotstuff: 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 KuCoin live order book, 6 min ago	4.26 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Hotstuff META-PERPshort	−0.1600%	1h	740.15	−0.003%	$33K	$105	20x
BloFin META-USDT	−0.0120%	8h	742.00	+0.247%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.00	−0.023%	$492K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.57	−0.081%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.51	−0.089%	$25.2M	$191.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.40	−0.104%	$7.5M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.44	−0.099%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	−0.014%	$470K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.51	−0.089%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.11	−0.008%	$2.6M	$3.2M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.22	+0.006%	$12K	$423K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.72	+0.074%	$907	$6.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.98	−0.026%	$36K	$209K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.37	+0.027%	$106K	$310K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.38	+0.028%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.17	0.000%	$856K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.98	−0.026%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.64	−0.072%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.30	−0.118%	$557K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.42	+0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.088%	$753K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	739.49	−0.092%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	739.76	−0.056%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	740.70	+0.071%	$53K	$86K	10x	as long as short
Nado META-PERP	+0.0083%	1h	739.74	−0.058%	$474K	$536K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	740.34	+0.023%	$654K	$7.3M	10x	as long as short
Pacifica META	+0.0100%	1h	739.65	−0.071%	$612	$3K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.17	long leg	$1.6M	$930K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.22	−0.128%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.22	+0.142%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.98	+0.109%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0198%	1h	740.09	−0.011%	$86.9M	$136.2M	20x	as long as short
Arcus META-USD	+0.0209%	1h	739.37	−0.108%	$111K	$291K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.168%	$167K	$61K	30x	as long as short
Lighter META	+0.0296%	1h	740.43	+0.035%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0613%	1h	740.77	+0.081%	$791K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0845%	4h	739.97	−0.027%	$62K	$348K	10x	as long as short