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 −0.001%

Price spread now: HTX against Gate+0.062%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.062%, 7d avg +0.040%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	744.77	0	get 0.0000% / 8h	3h 44m	$365K	$5.8M	100x
Short	HTX META-USDT	745.23	0	get 0.0000% / 8h	3h 44m	$106K	$301K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.040%: $2.16
Slippage, 4 orders: −$25.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.68
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; HTX: live order book, 8 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 Gate live order book, 4 min ago	5.71 bp	15.7 bp −$16	38.4 bp −$384	doesn't fit	doesn't fit
Sell HTX live order book, 8 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	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	745.26	+0.066%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0019%	1h	744.81	+0.005%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.88	+0.015%	$469K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.19	+0.057%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.53	+0.102%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.13	+0.048%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.38	+0.082%	$6.0M	$13.6M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	744.77	long leg	$365K	$5.8M	100x
Bitget METAUSDT	0.0000%	8h	745.36	+0.079%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.99	+0.030%	$2.4M	$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	743.99	−0.105%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.27	+0.067%	$821	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.85	+0.011%	$31K	$246K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	745.23	+0.062%	$106K	$301K	30x
Phemex METAUSDT	0.0000%	4h	745.19	+0.056%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.60	+0.111%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.55	−0.030%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.47	+0.094%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.31	+0.073%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.08	+0.042%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.33	+0.075%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.20	−0.077%	$801K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	745.14	+0.050%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.19	+0.057%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0095%	8h	745.15	+0.051%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.96	+0.026%	$1.6M	$603K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.16	−0.082%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.25	+0.064%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.07	+0.041%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.67	−0.013%	$618K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.08	−0.093%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	745.33	+0.075%	$33K	$105	20x	as long as short
Lighter META	+0.0240%	1h	745.58	+0.109%	$864K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0337%	1h	745.59	+0.110%	$70.1M	$121.1M	20x	as long as short
Phoenix META	+0.0633%	1h	746.12	+0.181%	$768K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	+0.006%	$62K	$339K	10x	as long as short