Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.042%

Price spread now: Aster against Aftermath Perps−0.055%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.055% cheaper against Aftermath Perps 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	Aftermath Perps METAUSD	742.12	0.0072	pay 0.0009% / 1h	7m 05s	$50K	$75K	10x
Short	Aster METAUSDT	741.71	0	get 0.0000% / 8h	7m 05s	$457K	$540K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$15.22
Price spread: −0.055% → 0.000%: −$5.54
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	9.91 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit

Aftermath 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 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	741.65	−0.063%	$327K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.71	−0.055%	$457K	$540K	20x
Extended META_24_5-USD	0.0000%	1h	741.46	−0.089%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.59	−0.071%	$27.4M	$180.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.34	−0.105%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.45	−0.090%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.03	−0.146%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.52	−0.080%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.41	−0.095%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.61	−0.068%	$12K	$483K	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	741.45	−0.090%	$781	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.45	−0.090%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.65	−0.063%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0011%	1h	740.97	−0.155%	$385K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.50	−0.083%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.72	−0.053%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.17	−0.127%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.46	−0.088%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.49	−0.084%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.42	−0.094%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.45	−0.090%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.90	−0.164%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	741.40	−0.097%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0072%	1h	742.12	long leg	$50K	$75K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	−0.103%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.50	−0.083%	$1.6M	$401K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.71	−0.189%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.68	−0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.52	−0.080%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.48	−0.086%	$291K	$797K	20x	as long as short
edgeX METAUSDC	+0.0157%	4h	741.56	−0.075%	$62K	$332K	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	741.42	−0.094%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.197%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0268%	1h	741.40	−0.096%	$67.8M	$122.6M	20x	as long as short
Lighter META	+0.0272%	1h	741.79	−0.044%	$859K	$2.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0465%	1h	741.42	−0.094%	$30K	$258K	10x	as long as short