Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0146%/8hnext payment +$0.18 per $10,000 · paid last 24h +0.009%

Price spread now: Hotstuff against Vest+0.079%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hotstuff is 0.079% dearer against Vest than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	748.34	0.0046	pay 0.0006% / 1h	4m 55s	—	$9K	25x
Short	Hotstuff META-PERP	748.93	0.0192	get 0.0024% / 1h	4m 55s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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 VestbpFee HotstuffbpOrdersPrice spread, now +0.079%Rate

Funding earned: $30.73
Price spread: +0.079% → 0.000%: $7.88
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $31.61
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Hotstuff: 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 Vest no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Vest and Hotstuff: 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	746.70	−0.219%	$336K	$1.1M	20x	as long as short
Phoenix META	−0.0021%	1h	748.62	+0.037%	$314K	$622K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.53	−0.108%	$459K	$474K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.90	−0.326%	$555K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.01	−0.311%	$27.9M	$170.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.77	−0.343%	$7.9M	$13.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.89	−0.327%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.74	−0.347%	$333K	$5.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.65	−0.359%	$6.0M	$10.0M	100x	as long as short
Variational Omni META	0.0000%	8h	749.80	+0.195%	$1.6M	$2.4M	—	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	750.71	+0.317%	$12K	$534K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.75	−0.212%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.84	−0.200%	$28K	$259K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.32	−0.270%	$106K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	748.07	−0.036%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0009%	1h	747.53	−0.108%	$414K	$237K	20x	as long as short
QFEX META-USD	+0.0012%	1h	747.69	−0.087%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.83	−0.202%	$731K	$3.2M	20x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	748.34	long leg	—	$9K	25x
Popdex METAUSDT	+0.0048%	1h	747.48	−0.115%	$177K	$196K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	747.01	−0.178%	$625K	$7.1M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	746.05	−0.306%	$71.5M	$112.4M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.20	−0.152%	$544K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.75	−0.212%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	748.22	−0.016%	$724K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	748.03	−0.042%	—	—	5x	as long as short
Lighter META	+0.0080%	1h	746.70	−0.219%	$873K	$2.6M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.88	−0.329%	$1.6M	$306K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	750.10	+0.235%	$168K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.22	−0.150%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.07	−0.170%	$269	—	10x	as long as short
Arcus META-USD	+0.0128%	1h	748.11	−0.031%	$266K	$311K	10x	as long as short
Hotstuff META-PERPshort	+0.0192%	1h	748.93	+0.079%	$33K	$105	20x
Injective META/USDC PERP	+0.0220%	1h	750.12	+0.238%	$170K	$43K	30x	as long as short
Aftermath Perps METAUSD	+0.0368%	1h	748.41	+0.009%	$37K	$52K	10x	as long as short
edgeX METAUSDC	+0.0976%	4h	747.70	−0.086%	$63K	$329K	10x	as long as short