Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.152%

Price spread now: HTX against Extended−0.006%7-day average +0.007% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.006%, 7d avg +0.007%

Together, before fees−0.066%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	739.38	0	get 0.0000% / 1h	22m 04s	$550K	$2.7M	17x
Short	HTX META-USDT	739.34	0	get 0.0000% / 8h	7h 22m	$104K	$295K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.007%: −$1.29
Slippage, 4 orders: −$14.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.45
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; HTX: live order book, 50 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 Extended live order book, 2 min ago	0.54 bp	5.5 bp −$6	29.0 bp −$290	doesn't fit	doesn't fit
Sell HTX live order book, 50 min ago	2.70 bp	8.7 bp −$9	12.6 bp −$126	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	739.51	+0.017%	$328K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0088%	1h	738.97	−0.056%	$30K	$246K	10x	as long as short
Nado META-PERP	−0.0025%	1h	739.29	−0.013%	$421K	$394K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.69	+0.041%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	739.38	long leg	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	739.60	+0.029%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.79	+0.055%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.63	+0.033%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.036%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	+0.013%	$5.6M	$11.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.24	−0.019%	$2.3M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.70	+0.043%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.87	+0.066%	$968	$9.3M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	739.34	−0.006%	$104K	$295K	30x
Phemex METAUSDT	0.0000%	4h	739.80	+0.056%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.81	+0.058%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.89	+0.068%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.55	+0.023%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.33	−0.007%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.55	+0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.072%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.56	+0.024%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.036%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.36	−0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.27	+0.120%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	739.54	+0.021%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.64	+0.035%	$1.6M	$437K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.030%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.61	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.40	+0.002%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.010%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.62	+0.032%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.292%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	739.77	+0.052%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.085%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	+0.036%	$62K	$334K	10x	as long as short