Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Aster against Aevo+0.148%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.148% dearer against Aevo than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	744.06	0.0104	pay 0.0013% / 1h	37m 18s	$268	—	10x
Short	Aster METAUSDT	745.16	0	get 0.0000% / 8h	1h 37m	$479K	$593K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$21.84
Price spread: +0.148% → 0.000%: $14.77
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.07
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 5 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	13.27 bp	18.4 bp −$18	120.8 bp −$1,208	doesn't fit	doesn't fit

Aevo: 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 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	745.09	+0.139%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	743.93	−0.017%	$482K	$559K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	745.16	+0.148%	$479K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	743.95	−0.015%	$552K	$2.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.13	+0.010%	$25.2M	$187.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.96	−0.013%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.31	+0.034%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.78	−0.037%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.35	+0.039%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.20	+0.154%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.38	+0.178%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.93	−0.017%	$684	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.67	−0.052%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.37	+0.042%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	+0.163%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.05	−0.001%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.50	+0.059%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.55	+0.066%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.67	+0.082%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.13	+0.010%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.76	−0.040%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.13	+0.010%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.00	−0.008%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.09	+0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.01	+0.128%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.31	+0.034%	$1.6M	$676K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.58	+0.070%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.21	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	744.06	long leg	$268	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	744.27	+0.029%	$647K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.616%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.87	+0.109%	$33K	$105	20x	as long as short
Lighter META	+0.0384%	1h	744.64	+0.078%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0513%	1h	744.54	+0.065%	$77.1M	$127.3M	20x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.299%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0771%	4h	744.98	+0.125%	$62K	$343K	10x	as long as short
Pacifica META	+0.0800%	1h	744.23	+0.023%	—	—	—	as long as short