Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.064%

Price spread now: Aster against Arcus+0.080%46s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1331.329% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.137%−$14 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.080%, 7d avg +0.100%

Together, before fees−0.217%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.020% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.100%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	741.16	0.0040	pay 0.0005% / 1h	5m 50s	$110K	$451K	10x
Short	Aster METAUSDT	741.75	0	get 0.0000% / 8h	5m 50s	$457K	$540K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$8.46
Price spread: +0.080% → +0.100%: −$2
Slippage, 4 orders: −$120.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$143.37
Costs to cover: 1.329%
Break-even: never at this rate

Slippage from Arcus: live order book, 8 min ago; Aster: live order book, 7 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 Arcus live order book, 8 min ago	1.75 bp	4.0 bp −$4	9.4 bp −$94	12.6 bp −$1,257	doesn't fit
Sell Aster live order book, 7 min ago	9.91 bp	22.7 bp −$23	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	741.65	+0.066%	$327K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.75	+0.080%	$457K	$540K	20x
Extended META_24_5-USD	0.0000%	1h	741.44	+0.037%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.58	+0.057%	$27.4M	$180.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.33	+0.023%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.46	+0.040%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.04	−0.016%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.51	+0.047%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.49	+0.045%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.61	+0.061%	$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	741.44	+0.038%	$910	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.32	+0.022%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.65	+0.066%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0012%	1h	740.97	−0.026%	$385K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.47	+0.042%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.72	+0.076%	$761K	$3.2M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	741.16	long leg	$110K	$451K	10x
Vest META-USD-PERP	+0.0046%	1h	741.42	+0.035%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.47	+0.042%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.42	+0.035%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.44	+0.038%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.70	−0.062%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	741.40	+0.032%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	742.12	+0.129%	$50K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	+0.026%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.51	+0.047%	$1.6M	$402K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.71	−0.061%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.69	+0.072%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.50	+0.045%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.48	+0.043%	$291K	$797K	20x	as long as short
edgeX METAUSDC	+0.0157%	4h	741.56	+0.054%	$62K	$332K	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	741.39	+0.031%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.327%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	741.44	+0.038%	$67.8M	$122.6M	20x	as long as short
Lighter META	+0.0272%	1h	741.79	+0.085%	$859K	$2.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0384%	1h	741.36	+0.027%	$30K	$258K	10x	as long as short