Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Ondo Perps+0.043%7-day average +0.069% · you sell dearer than you buy

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

Long on Ondo Perps Short on HTX

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)+0.144%+$14 · spread now +0.043%, 7d avg +0.069%

Together, before fees+0.025%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.026% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	737.88	0.0050	pay 0.0006% / 1h	49m 19s	$753K	$5.1M	10x
Short	HTX META-USDT	738.20	0	get 0.0000% / 8h	4h 49m	$108K	$309K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$10.58
Price spread: +0.043% → +0.069%: −$2.57
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.15
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 56 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 56 min ago	2.30 bp	8.6 bp −$9	13.7 bp −$137	doesn't fit	doesn't fit

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 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	738.73	+0.115%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	738.31	+0.058%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.06	+0.025%	$490K	$644K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.05	+0.023%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.30	+0.058%	$25.2M	$192.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.15	+0.037%	$7.4M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	738.56	+0.092%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.22	+0.046%	$494K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.38	+0.068%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	738.31	+0.058%	$2.6M	$3.1M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	738.66	+0.106%	$12K	$422K	10x	as long as short
SunX META-USDT	0.0000%	8h	738.62	+0.100%	$903	$6.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	737.80	−0.011%	$36K	$209K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	738.20	+0.043%	$108K	$309K	30x
Phemex METAUSDT	0.0000%	4h	738.64	+0.103%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	738.45	+0.077%	$854K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.73	+0.115%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.62	+0.100%	$177K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	738.36	+0.065%	$556K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	738.46	+0.079%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	737.88	long leg	$753K	$5.1M	10x
QFEX META-USD	+0.0056%	1h	738.45	+0.077%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	738.37	+0.067%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	739.13	+0.170%	$53K	$85K	10x	as long as short
Nado META-PERP	+0.0085%	1h	738.25	+0.050%	$473K	$536K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	738.14	+0.035%	$670K	$7.4M	10x	as long as short
Pacifica META	+0.0100%	1h	738.16	+0.037%	$611	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.78	+0.122%	$1.6M	$937K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.86	−0.003%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.24	+0.049%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.03	+0.020%	$266	—	10x	as long as short
Arcus META-USD	+0.0209%	1h	738.24	+0.049%	$110K	$292K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.69	+0.381%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0284%	1h	738.56	+0.092%	$86.8M	$136.2M	20x	as long as short
Lighter META	+0.0328%	1h	738.49	+0.083%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0626%	1h	739.51	+0.221%	$790K	$1.6M	20x	as long as short
edgeX METAUSDC	+0.0757%	4h	738.57	+0.094%	$62K	$350K	10x	as long as short