Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Aster−0.004%59s7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

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

costs, in and out, $10k−$1801.802% of the position

Long on Aster Short on ApeX Omni

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)−0.155%−$15 · spread now −0.004%, 7d avg −0.120%

Together, before fees+0.055%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.116% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.120%. The two prices were read 59 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	Aster METAUSDT	739.91	0	get 0.0000% / 8h	7h 10m	$466K	$549K	20x
Short	ApeX Omni METAUSDT	739.88	0.0100	get 0.0013% / 1h	10m 31s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.004%Rate

Funding earned: $21
Price spread: −0.004% → −0.120%: $11.59
Slippage, 4 orders: −$162.24
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$147.65
Costs to cover: 1.802%
Break-even: 56.2 days

Slippage from Aster: live order book, 62 min ago; ApeX Omni: live order book, 60 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 Aster live order book, 62 min ago	9.91 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	2.63 bp	39.9 bp −$40	658.5 bp −$6,585	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	739.91	0.000%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0078%	1h	739.77	−0.019%	$454K	$461K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	739.91	long leg	$466K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	739.88	−0.005%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.03	+0.016%	$27.4M	$179.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.27	+0.049%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.11	+0.027%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.73	−0.024%	$349K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.88	−0.004%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.81	−0.014%	$2.4M	$3.3M	—	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	740.32	+0.055%	$12K	$459K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.37	+0.062%	$890	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.51	−0.054%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.74	−0.023%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.59	+0.092%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.23	+0.043%	$752K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.29	+0.051%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.19	+0.038%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.91	0.000%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.89	−0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.053%	$666K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.90	−0.001%	$2.2M	$14.2M	10x	as long as short
Hotstuff META-PERP	+0.0056%	1h	739.98	+0.009%	$33K	$105	20x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	739.92	+0.002%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	739.64	−0.037%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.57	+0.089%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.07	+0.022%	$1.6M	$448K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	739.88	−0.004%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.93	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.77	−0.019%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.80	−0.015%	$614K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0161%	1h	740.01	+0.013%	$67.7M	$121.8M	20x	as long as short
Lighter META	+0.0200%	1h	740.20	+0.039%	$852K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.280%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.72	+0.109%	$318K	$930K	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	740.25	+0.045%	$62K	$336K	10x	as long as short