Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Aster−0.111%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.111% cheaper against Aster than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.15	0	get 0.0000% / 8h	1h 37m	$458K	$536K	20x
Short	Aevo META-PERP	740.32	0.0104	get 0.0013% / 1h	37m 36s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.111%Rate

Funding earned: $21.84
Price spread: −0.111% → 0.000%: −$11.12
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.28
Costs to cover: 0.240%
Break-even: 11.3 days

Slippage unknown: Aster: live order book, 45 min ago; Aevo: 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 Aster live order book, 45 min ago	10.12 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 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	740.46	−0.092%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0056%	1h	740.07	−0.145%	$395K	$317K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.15	long leg	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.39	−0.101%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.52	−0.084%	$26.9M	$177.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.49	−0.088%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.61	−0.072%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.02	−0.152%	$330K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.57	−0.078%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	−0.106%	$1.6M	$2.6M	—	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	740.50	−0.087%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.57	−0.078%	$654	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.47	−0.091%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.36	−0.106%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	−0.084%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.099%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.85	−0.040%	$744K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.36	−0.106%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.28	−0.117%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.80	−0.047%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.49	−0.088%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.56	−0.079%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.099%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.48	−0.090%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.12	−0.138%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0056%	1h	740.90	−0.033%	$48K	$62K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	−0.033%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.34	−0.109%	$291K	$791K	20x	as long as short
Lighter META	+0.0096%	1h	740.81	−0.045%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.51	−0.086%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.09	−0.142%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.45	−0.094%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	740.32	−0.111%	$267	—	10x
tradeXYZ xyz:META	+0.0129%	1h	740.69	−0.061%	$68.4M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.163%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0748%	4h	740.32	−0.111%	$62K	$329K	10x	as long as short