Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.62 per $10,000 · paid last 24h —

Price spread now: HTX against Paradex−0.063%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.063% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	747.53	0.0062	pay 0.0062% / 8h	3h 04m	—	—	5x
Short	HTX META-USDT	747.06	0	get 0.0000% / 8h	3h 04m	$106K	$304K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$13.05
Price spread: −0.063% → 0.000%: −$6.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.39
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 47 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 Paradex no order-book sample	—	—	—	—	—
Sell HTX live order book, 47 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit

Paradex: 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	747.32	−0.029%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	747.33	−0.027%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.17	−0.049%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.28	−0.034%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.45	−0.011%	$28.5M	$182.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.36	−0.023%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.47	−0.009%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.06	−0.063%	$421K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.007%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	748.03	+0.067%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.12	−0.055%	$965	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.57	−0.129%	$31K	$252K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	747.06	−0.063%	$106K	$304K	30x
Phemex METAUSDT	0.0000%	4h	747.93	+0.053%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	747.50	−0.005%	$770K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.32	−0.029%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.61	+0.010%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.80	−0.098%	$588K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.19	−0.046%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.55	−0.132%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.32	−0.029%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERPlong	+0.0062%	8h	747.53	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0083%	1h	748.11	+0.077%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.28	−0.034%	$180K	$199K	20x	as long as short
Bitget METAUSDT	+0.0098%	8h	747.42	−0.015%	$5.5M	$11.9M	100x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.55	+0.002%	$1.6M	$625K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.07	−0.062%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.03	−0.067%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.94	−0.079%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.35	−0.025%	$667K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	−0.046%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	747.53	−0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.49	−0.006%	$916K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0346%	1h	747.61	+0.010%	$72.0M	$121.8M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.230%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.061%	$62K	$338K	10x	as long as short