Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.107%

Price spread now: Extended against HTX−0.020%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

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

costs, in and out, $10k−$310.308% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.108%−$11 · spread now −0.020%, 7d avg −0.006%

Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	745.56	0	get 0.0000% / 8h	2h 49m	$106K	$305K	30x
Short	Extended META_24_5-USD	745.41	0	get 0.0000% / 1h	49m 46s	$547K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.006%: −$1.36
Slippage, 4 orders: −$13.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.15
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; Extended: live order book, 4 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 HTX live order book, 62 min ago	2.69 bp	11.2 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.54 bp	5.5 bp −$5	31.4 bp −$314	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	746.10	+0.072%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.51	+0.127%	$492K	$577K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	745.41	−0.020%	$547K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	745.51	−0.007%	$28.3M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.39	−0.023%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	−0.021%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.29	−0.036%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	+0.058%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.09	+0.071%	$13K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.74	+0.024%	$715	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX META-USDTlong	0.0000%	8h	745.56	long leg	$106K	$305K	30x
Phemex METAUSDT	0.0000%	4h	746.15	+0.079%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0018%	1h	745.21	−0.047%	$31K	$255K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.58	+0.003%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.14	+0.078%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.87	+0.042%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.33	−0.031%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.64	+0.011%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.07	−0.066%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0060%	1h	745.35	−0.027%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0072%	1h	745.72	+0.021%	$768K	$2.9M	20x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	745.09	−0.063%	—	—	5x	as long as short
Bitget METAUSDT	+0.0074%	8h	745.57	+0.001%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.47	+0.122%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.65	+0.012%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.14	−0.056%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.71	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.58	+0.003%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.114%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0136%	1h	745.77	+0.028%	$179K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.461%	$173K	$46K	30x	as long as short
Lighter META	+0.0376%	1h	745.79	+0.031%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.19	+0.085%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0522%	1h	745.79	+0.031%	$72.3M	$122.6M	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	+0.058%	$62K	$339K	10x	as long as short
Phoenix META	+0.0685%	1h	747.53	+0.264%	$798K	$1.4M	20x	as long as short