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 −0.025%

Price spread now: HTX against Bybit0.000%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now 0.000%, 7d avg −0.016%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.23	0	get 0.0000% / 8h	6h 35m	$7.5M	$13.8M	100x
Short	HTX META-USDT	740.23	0	get 0.0000% / 8h	6h 35m	$105K	$296K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.016%: $1.6
Slippage, 4 orders: −$21.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.85
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 32 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 Bybit live order book, 3 min ago	2.37 bp	10.6 bp −$11	18.9 bp −$189	doesn't fit	doesn't fit
Sell HTX live order book, 32 min ago	2.84 bp	9.6 bp −$10	19.6 bp −$196	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
Nado META-PERP	−0.0143%	1h	739.88	−0.047%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.032%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.73	+0.067%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.18	−0.007%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.39	+0.021%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	740.23	long leg	$7.5M	$13.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.36	+0.018%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.14	−0.012%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.007%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.13	−0.013%	$2.3M	$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	739.97	−0.035%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.44	+0.028%	$635	$9.2M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	740.23	0.000%	$105K	$296K	30x
Phemex METAUSDT	0.0000%	4h	740.16	−0.009%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0020%	1h	739.97	−0.035%	$31K	$244K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.05	−0.024%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.39	+0.022%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.67	−0.076%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.39	+0.022%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.42	+0.026%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.14	−0.012%	$558K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.18	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.74	−0.066%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.06	−0.022%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.70	+0.063%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.13	−0.014%	$1.6M	$477K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.105%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.09	−0.019%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.31	+0.011%	$855K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.88	−0.048%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.105%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.30	+0.009%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	−0.065%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.56	−0.091%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0249%	1h	740.31	+0.011%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.061%	$394K	$1.1M	20x	as long as short