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% APRpaid last 24h −0.002%

Price spread now: HTX against Deribit+0.038%7-day average +0.042% · 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−$52as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.038%, 7d avg +0.042%

Together, before fees−0.031%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	746.23	0	get 0.0000% / 1h	7m 58s	$34K	$276K	10x
Short	HTX META-USDT	746.51	0	get 0.0000% / 8h	7m 58s	$108K	$312K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.042%: −$0.4
Slippage, 4 orders: −$32.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.02
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Deribit: live order book, 31 min ago; HTX: live order book, 29 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 Deribit live order book, 31 min ago	0.07 bp	10.3 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell HTX live order book, 29 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	746.93	+0.094%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.44	+0.028%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.43	+0.026%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.61	+0.050%	$25.3M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.61	+0.051%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.79	+0.075%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.25	+0.003%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.72	+0.066%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.132%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.23	+0.134%	$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	746.78	+0.074%	$884	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	746.23	long leg	$34K	$276K	10x
HTX META-USDTshort	0.0000%	8h	746.51	+0.038%	$108K	$312K	30x
Phemex METAUSDT	0.0000%	4h	747.33	+0.147%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.52	+0.039%	$482K	$561K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.64	+0.055%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	746.77	+0.072%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.81	+0.078%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.04	+0.109%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.45	+0.029%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.78	+0.074%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.25	+0.003%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.77	+0.073%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	746.79	+0.075%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0088%	1h	747.56	+0.178%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.87	+0.086%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.85	+0.083%	$1.6M	$726K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.55	+0.043%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.77	+0.072%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.64	+0.055%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	+0.075%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.24	+0.537%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.17	+0.126%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.16	+0.125%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0564%	1h	746.80	+0.076%	$83.6M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.59	+0.316%	$799K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.140%	$62K	$344K	10x	as long as short