Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against HTX−0.131%7-day average −0.068% · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.131%, 7d avg −0.068%

Together, before fees+0.093%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.064% cheaper against HTX than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.068%). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	745.64	0	get 0.0000% / 8h	2h 47m	$106K	$305K	30x
Short	Ondo Perps META-USD.P	744.66	0.0050	get 0.0006% / 1h	47m 14s	$759K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.131%Rate

Funding earned: $10.58
Price spread: −0.131% → −0.068%: −$6.36
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$12.78
Costs to cover: 0.170%
Break-even: 15.5 days

Slippage unknown: HTX: live order book, 65 min ago; Ondo Perps: 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 HTX live order book, 65 min ago	2.69 bp	11.2 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	745.63	−0.001%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.09	+0.061%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.12	−0.070%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.18	−0.062%	$28.3M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.24	−0.054%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.29	−0.047%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.82	−0.110%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	+0.047%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.12	+0.064%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.56	−0.011%	$795	$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
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.46	−0.158%	$31K	$256K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	745.64	long leg	$106K	$305K	30x
Phemex METAUSDT	0.0000%	4h	746.13	+0.066%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.27	−0.050%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	−0.012%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.33	−0.042%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.94	−0.094%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.40	−0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	744.66	−0.131%	$759K	$4.5M	10x
Nado META-PERP	+0.0052%	1h	745.00	−0.086%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0056%	1h	745.25	−0.052%	$768K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0060%	8h	745.56	−0.011%	$5.4M	$11.9M	100x	as long as short
Paradex META-USD-PERP	+0.0075%	8h	745.27	−0.050%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.05	+0.055%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.47	−0.023%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.03	−0.082%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.36	−0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.24	−0.054%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.45	−0.025%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.103%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.374%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0232%	4h	745.42	−0.029%	$62K	$340K	10x	as long as short
Lighter META	+0.0360%	1h	745.30	−0.046%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0456%	1h	745.68	+0.005%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0523%	1h	745.72	+0.011%	$72.4M	$122.7M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.142%	$797K	$1.4M	20x	as long as short