Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.025%

Price spread now: Hotstuff against Gate+0.049%54s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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 +$5 a day on $10k at the current rate, and Hotstuff is 0.049% dearer against Gate 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). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	741.09	0	get 0.0000% / 8h	21m 44s	$345K	$5.5M	100x
Short	Hotstuff META-PERP	741.45	0.0160	get 0.0020% / 1h	21m 44s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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 GatebpFee HotstuffbpOrdersPrice spread, now +0.049%Rate

Funding earned: $33.6
Price spread: +0.049% → 0.000%: $4.86
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $18.46
Costs to cover: 0.200%
Break-even: 3.2 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	5.73 bp	17.4 bp −$17	38.5 bp −$385	doesn't fit	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	741.63	+0.073%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0019%	1h	740.88	−0.029%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.45	+0.049%	$456K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.36	+0.037%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.49	+0.054%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.44	+0.047%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.51	+0.057%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	741.09	long leg	$345K	$5.5M	100x
Bitget METAUSDT	0.0000%	8h	741.08	−0.001%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.73	+0.086%	$2.3M	$3.2M	—	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	741.75	+0.089%	$13K	$481K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.19	+0.013%	$935	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.22	+0.018%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.63	+0.073%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.36	+0.036%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.62	+0.072%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.09	0.000%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.47	+0.051%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.37	+0.038%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.37	+0.038%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.38	+0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.99	−0.013%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	741.20	+0.015%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	742.05	+0.130%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.37	+0.038%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.59	+0.067%	$1.6M	$393K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.20	+0.015%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.47	+0.051%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.41	+0.043%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.53	+0.059%	$291K	$797K	20x	as long as short
Hotstuff META-PERPshort	+0.0160%	1h	741.45	+0.049%	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	743.72	+0.355%	$169K	$46K	30x	as long as short
Lighter META	+0.0224%	1h	741.62	+0.072%	$856K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0257%	1h	741.38	+0.039%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0317%	1h	741.20	+0.015%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0427%	4h	741.63	+0.072%	$62K	$332K	10x	as long as short