Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.012%

Price spread now: HTX against Nado+0.055%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now +0.055%, 7d avg +0.008%

Together, before fees+0.373%+ Points / potential airdropNado: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.047% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	741.38	−0.0021	get 0.0003% / 1h	24m 14s	$479K	$550K	20x
Short	HTX META-USDT	741.79	0	get 0.0000% / 8h	5h 24m	$106K	$296K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $4.48
Price spread: +0.055% → +0.008%: $4.71
Slippage, 4 orders: −$19.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.77
Costs to cover: 0.390%
Break-even: 53.6 days

Slippage from Nado: live order book, 39 min ago; HTX: live order book, 38 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 Nado live order book, 39 min ago	0.61 bp	15.4 bp −$15	96.9 bp −$969	doesn't fit	doesn't fit
Sell HTX live order book, 38 min ago	2.70 bp	8.7 bp −$9	11.9 bp −$119	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	742.08	+0.095%	$328K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0021%	1h	741.38	long leg	$479K	$550K	20x
Aster METAUSDT	0.0000%	8h	741.78	+0.055%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.76	+0.051%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.95	+0.077%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.91	+0.072%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.81	+0.058%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.52	+0.019%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.89	+0.069%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.17	+0.107%	$2.4M	$3.1M	—	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	742.19	+0.110%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.07	+0.093%	$1K	$9.1M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	741.79	+0.055%	$106K	$296K	30x
Phemex METAUSDT	0.0000%	4h	742.47	+0.147%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.15	+0.104%	$764K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.66	+0.038%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.62	+0.033%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.94	+0.076%	—	$10K	25x	as long as short
Deribit META_USDC-PERPETUAL	+0.0047%	1h	741.53	+0.020%	$31K	$245K	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.81	+0.058%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.66	+0.038%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.90	+0.070%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.36	−0.003%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	741.58	+0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	742.53	+0.155%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.78	+0.054%	$618K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.10	+0.097%	$1.6M	$519K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.39	+0.001%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.85	+0.064%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.63	+0.034%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.80	+0.461%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.85	+0.064%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	742.11	+0.099%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0349%	1h	742.03	+0.088%	$69.2M	$120.1M	20x	as long as short
edgeX METAUSDC	+0.0462%	4h	742.01	+0.085%	$62K	$335K	10x	as long as short
Phoenix META	+0.0496%	1h	743.31	+0.260%	$548K	$1.1M	20x	as long as short