Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.010%

Price spread now: HTX against Nado+0.098%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.098%, 7d avg +0.008%

Together, before fees+0.179%+ Points / potential airdropNado: Active · farm board+$18 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 0.091% dearer against Nado than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	743.60	−0.0009	get 0.0001% / 1h	10m 57s	$481K	$553K	20x
Short	HTX META-USDT	744.33	0	get 0.0000% / 8h	4h 10m	$106K	$296K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $1.91
Price spread: +0.098% → +0.008%: $9.07
Slippage, 4 orders: −$16.25
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.27
Costs to cover: 0.352%
Break-even: 96.0 days

Slippage from Nado: live order book, 47 min ago; HTX: live order book, 46 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 Nado live order book, 47 min ago	0.47 bp	12.6 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell HTX live order book, 46 min ago	2.69 bp	8.7 bp −$9	12.2 bp −$122	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	744.41	+0.109%	$329K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0009%	1h	743.60	long leg	$481K	$553K	20x
Aster METAUSDT	0.0000%	8h	743.64	+0.006%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.25	+0.088%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.44	+0.113%	$28.4M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.47	+0.117%	$7.7M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.23	+0.085%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.81	+0.028%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.43	+0.112%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	744.35	+0.101%	$2.4M	$3.1M	—	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	744.01	+0.055%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.36	+0.102%	$1K	$9.1M	20x	as long as short
HTX META-USDTshort	0.0000%	8h	744.33	+0.098%	$106K	$296K	30x
Phemex METAUSDT	0.0000%	4h	744.24	+0.086%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.35	+0.101%	$778K	$3.1M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.03	+0.058%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.65	+0.007%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.98	+0.051%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.48	+0.119%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.94	+0.046%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.27	+0.090%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.45	−0.020%	$823K	$4.6M	10x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.48	+0.119%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0084%	8h	744.20	+0.081%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.00	+0.054%	$1.6M	$553K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.11	−0.066%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.40	+0.108%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.22	+0.084%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.022%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.96	+0.049%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.67	+0.413%	$172K	$48K	30x	as long as short
Lighter META	+0.0280%	1h	744.34	+0.100%	$866K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0289%	1h	744.30	+0.094%	$69.7M	$120.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0355%	1h	743.92	+0.043%	$31K	$246K	10x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	+0.037%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.75	+0.155%	$709K	$1.2M	20x	as long as short