Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: HTX against OKX−0.056%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.056%, 7d avg −0.011%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.045% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	747.31	0	get 0.0000% / 8h	2m 55s	$6.0M	$12.8M	20x
Short	HTX META-USDT	746.89	0	get 0.0000% / 8h	2m 55s	$108K	$311K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.011%: −$4.53
Slippage, 4 orders: −$35.97
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.5
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from OKX: live order book, just now; HTX: live order book, 34 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 OKX live order book, just now	0.74 bp	8.9 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	12.68 bp	18.7 bp −$19	28.3 bp −$283	doesn't fit	doesn't fit

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	747.04	−0.036%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.60	−0.095%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.09	−0.029%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.17	−0.018%	$25.4M	$189.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.35	+0.005%	$7.6M	$15.5M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	747.31	long leg	$6.0M	$12.8M	20x
Gate META_USDT	0.0000%	8h	746.63	−0.091%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.02	−0.039%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.51	−0.106%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.79	−0.070%	$12K	$439K	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	746.99	−0.043%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.83	−0.064%	$34K	$276K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	746.89	−0.056%	$108K	$311K	30x
Phemex METAUSDT	0.0000%	4h	747.04	−0.036%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0017%	1h	746.48	−0.111%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.81	−0.067%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.53	+0.029%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.59	−0.096%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.38	+0.009%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.73	−0.078%	$568K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.01	−0.040%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.57	−0.099%	$734K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	747.10	−0.028%	—	—	5x	as long as short
Popdex METAUSDT	+0.0080%	1h	747.06	−0.033%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.70	+0.053%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.17	−0.019%	$634	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.99	−0.043%	$1.6M	$730K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.01	−0.174%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.05	−0.035%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.86	−0.060%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.42	−0.119%	$643K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.298%	$177K	$51K	30x	as long as short
Lighter META	+0.0456%	1h	747.75	+0.059%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.50	+0.025%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0471%	4h	746.62	−0.092%	$62K	$345K	10x	as long as short
tradeXYZ xyz:META	+0.0564%	1h	747.75	+0.059%	$83.8M	$131.8M	20x	as long as short
Phoenix META	+0.0750%	1h	748.04	+0.098%	$799K	$1.5M	20x	as long as short