Funding arb · Price arb /

META

RWAall META markets

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 +0.025%

Price spread now: Bybit against Aster−0.051%7-day average −0.078% · 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−$168as in the Price arb table

costs, in and out, $10k−$1711.710% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.051%, 7d avg −0.078%

Together, before fees+0.061%+ 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: Bybit is 0.028% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.12	0	get 0.0000% / 8h	2h 46m	$457K	$535K	20x
Short	Bybit METAUSDT	740.74	0	get 0.0000% / 8h	2h 46m	$7.4M	$13.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.078%: $2.76
Slippage, 4 orders: −$152.03
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.27
Costs to cover: 1.710%
Break-even: never at this rate

Slippage from Aster: live order book, 41 min ago; Bybit: live order book, 2 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, 41 min ago	10.18 bp	91.9 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.14 bp	9.3 bp −$9	17.3 bp −$173	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
Nado META-PERP	−0.0149%	1h	740.85	−0.036%	$398K	$311K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.69	−0.057%	$331K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.12	long leg	$457K	$535K	20x
Extended META_24_5-USD	0.0000%	1h	740.46	−0.088%	$551K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.52	−0.080%	$27.0M	$177.1M	20x	as long as short
Bybit METAUSDTshort	0.0000%	8h	740.74	−0.051%	$7.4M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.51	−0.082%	$6.1M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.22	−0.121%	$320K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.64	−0.064%	$5.8M	$10.9M	100x	as long as short
Variational Omni META	0.0000%	8h	740.69	−0.058%	$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	740.79	−0.044%	$12K	$544K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.71	−0.055%	$838	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.87	−0.033%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.31	−0.109%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.82	−0.040%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.66	−0.062%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.91	−0.028%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.91	−0.028%	$741K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.49	−0.084%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.53	+0.056%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.57	−0.074%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.82	−0.040%	$68.5M	$119.9M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.71	−0.055%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.66	−0.062%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.62	−0.067%	$668K	$3.9M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.72	−0.054%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0056%	1h	741.56	+0.060%	$40K	$56K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.82	−0.040%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.85	−0.036%	$300K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.74	−0.051%	$1.6M	$343K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.059%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.71	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.57	−0.073%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.91	−0.028%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.85	−0.036%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0695%	4h	740.75	−0.050%	$62K	$329K	10x	as long as short