Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Aster against ApeX Omni+0.163%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1331.327% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.163%, 7d avg +0.121%

Together, before fees−0.234%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.042% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.121%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	740.19	0.0100	pay 0.0013% / 1h	33m 05s	$166K	$73K	50x
Short	Aster METAUSDT	741.40	0	get 0.0000% / 8h	1h 33m	$458K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$21
Price spread: +0.163% → +0.121%: $4.23
Slippage, 4 orders: −$114.67
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$149.45
Costs to cover: 1.327%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 48 min ago; Aster: live order book, 49 min ago.

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 ApeX Omni live order book, 48 min ago	2.63 bp	28.0 bp −$28	376.6 bp −$3,766	doesn't fit	doesn't fit
Sell Aster live order book, 49 min ago	10.12 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit

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	740.52	+0.045%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.74	+0.075%	$395K	$317K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0020%	1h	740.52	+0.045%	$30K	$256K	10x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.40	+0.163%	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.48	+0.039%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.64	+0.061%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.60	+0.055%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.65	+0.062%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.10	−0.012%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.70	+0.069%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.63	+0.059%	$1.6M	$2.6M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.39	+0.026%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.79	+0.081%	$666	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.25	+0.008%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.53	+0.046%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.68	+0.066%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.95	+0.103%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.18	−0.001%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.23	+0.141%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.61	+0.057%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.79	+0.081%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.61	+0.057%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.56	+0.050%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.30	+0.015%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	740.95	+0.103%	$49K	$63K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.57	+0.051%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	+0.019%	$291K	$791K	20x	as long as short
Lighter META	+0.0080%	1h	740.95	+0.103%	$862K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.76	+0.077%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	740.19	long leg	$166K	$73K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.71	+0.070%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.69	+0.067%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0107%	1h	740.78	+0.080%	$68.4M	$120.6M	20x	as long as short
Hotstuff META-PERP	+0.0200%	1h	740.72	+0.072%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.28	+0.012%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	740.56	+0.050%	$62K	$331K	10x	as long as short