Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.024%

Price spread now: Hotstuff against Bitget+0.051%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hotstuff is 0.051% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	743.30	0	get 0.0000% / 8h	2h 33m	$5.6M	$12.1M	100x
Short	Hotstuff META-PERP	743.68	0.0376	get 0.0047% / 1h	33m 40s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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 BitgetbpFee HotstuffbpOrdersPrice spread, now +0.051%Rate

Funding earned: $78.96
Price spread: +0.051% → 0.000%: $5.11
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $67.07
Costs to cover: 0.170%
Break-even: 1.1 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.54 bp	10.8 bp −$11	19.3 bp −$193	38.7 bp −$3,869	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 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	743.30	0.000%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.69	+0.052%	$490K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.11	−0.025%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.26	−0.005%	$28.0M	$181.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.33	+0.004%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.03	−0.036%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.79	−0.069%	$432K	$5.9M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	743.30	long leg	$5.6M	$12.1M	100x
Variational Omni META	0.0000%	8h	742.87	−0.058%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.75	−0.074%	$12K	$445K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.78	+0.065%	$779	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.96	−0.046%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.14	−0.022%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.42	+0.016%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.34	+0.005%	$768K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.78	−0.070%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.59	+0.039%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.17	−0.017%	$2.2M	$13.8M	10x	as long as short
edgeX METAUSDC	+0.0048%	4h	742.66	−0.086%	$62K	$339K	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.86	−0.059%	$584K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.20	−0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.35	−0.128%	$803K	$4.6M	10x	as long as short
Nado META-PERP	+0.0053%	1h	742.87	−0.058%	$480K	$557K	20x	as long as short
Popdex METAUSDT	+0.0080%	1h	743.10	−0.027%	$178K	$200K	20x	as long as short
Paradex META-USD-PERP	+0.0081%	8h	743.30	0.000%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	743.49	+0.026%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.45	+0.020%	$1.6M	$640K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.04	−0.170%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.63	+0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.22	−0.011%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	742.99	−0.042%	$680K	$7.7M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.88	+0.616%	$172K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	743.46	+0.022%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERPshort	+0.0376%	1h	743.68	+0.051%	$33K	$105	20x
tradeXYZ xyz:META	+0.0468%	1h	743.49	+0.026%	$74.2M	$124.5M	20x	as long as short
Phoenix META	+0.0685%	1h	743.37	+0.009%	$794K	$1.4M	20x	as long as short