Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.045%

Price spread now: Binance against Aster−0.057%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1641.637% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 2 days (all we have)−0.017%−$2 · spread now −0.057%, 7d avg −0.024%

Together, before fees−0.062%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.033% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	740.50	0	get 0.0000% / 8h	2h 35m	$456K	$535K	20x
Short	Binance METAUSDT	740.08	0	get 0.0000% / 8h	2h 35m	$26.8M	$177.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.024%: −$3.29
Slippage, 4 orders: −$145.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$167.02
Costs to cover: 1.637%
Break-even: never at this rate

Slippage from Aster: live order book, 52 min ago; Binance: live order book, 8 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, 52 min ago	10.18 bp	91.9 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.07 bp	6.1 bp −$6	10.7 bp −$107	34.1 bp −$3,408	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
Nado META-PERP	−0.0134%	1h	740.04	−0.063%	$398K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.09	−0.056%	$330K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	740.50	long leg	$456K	$535K	20x
Extended META_24_5-USD	0.0000%	1h	739.97	−0.072%	$548K	$1.5M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	740.08	−0.057%	$26.8M	$177.4M	20x
Bybit METAUSDT	0.0000%	8h	739.94	−0.076%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.13	−0.050%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.48	−0.138%	$320K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.05	−0.061%	$5.7M	$10.9M	100x	as long as short
Variational Omni META	0.0000%	8h	739.94	−0.076%	$1.6M	$2.5M	—	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	740.04	−0.062%	$12K	$535K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.17	−0.045%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.99	−0.069%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.70	−0.108%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.96	−0.073%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	739.98	−0.071%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.23	−0.037%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.25	−0.034%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.89	−0.083%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.66	+0.021%	—	$9K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.09	−0.056%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.08	−0.057%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.11	−0.053%	$68.4M	$120.1M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.18	−0.044%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.93	−0.077%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.68	−0.111%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.02	−0.065%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.56	+0.008%	$40K	$56K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	739.79	−0.096%	$597K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.00	−0.068%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.10	−0.054%	$1.6M	$350K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.16	−0.046%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.04	−0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.91	−0.080%	$266	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.01	−0.066%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0573%	4h	739.66	−0.114%	$62K	$328K	10x	as long as short