Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.006%

Price spread now: Coinbase International against Aster−0.044%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.044%, 7d avg −0.178%

Together, before fees−0.029%+ Points / potential airdropAster: Stage 5 · farm board−$3 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 Coinbase International is 0.134% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.178%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	742.91	0	get 0.0000% / 8h	52m 56s	$459K	$536K	20x
Short	Coinbase International META-PERP-INTX	742.58	0.0096	get 0.0012% / 1h	52m 56s	$606K	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.044%Rate

Funding earned: $20.16
Price spread: −0.044% → −0.178%: $13.4
Slippage, 4 orders: −$100.43
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.88
Costs to cover: 1.184%
Break-even: 36.5 days

Slippage from Aster: live order book, 25 min ago; Coinbase International: live order book, 1 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, 25 min ago	9.23 bp	43.5 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	1.21 bp	8.0 bp −$8	12.4 bp −$124	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	743.23	+0.043%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	742.74	−0.024%	$391K	$329K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	742.91	long leg	$459K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	743.07	+0.021%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.16	+0.034%	$27.2M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.20	+0.039%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.25	+0.046%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.76	−0.020%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.25	+0.046%	$5.8M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.51	−0.053%	$2.1M	$3.1M	—	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	743.03	+0.017%	$12K	$485K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.94	+0.004%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.94	+0.004%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.79	−0.016%	$2.0M	$7K	10x	as long as short
edgeX METAUSDC	+0.0022%	4h	742.87	−0.006%	$62K	$331K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.03	+0.016%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.45	+0.073%	$762K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.65	−0.035%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.38	+0.063%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.21	+0.040%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.17	+0.035%	$543K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.19	+0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.23	−0.092%	$722K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.00	+0.012%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0060%	1h	743.01	+0.013%	$30K	$257K	10x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.32	+0.056%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0096%	1h	742.58	−0.044%	$606K	$7.4M	10x
KuCoin METAUSDTM	+0.0100%	8h	742.83	−0.011%	$1.6M	$374K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.04	−0.117%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.24	+0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.13	+0.030%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.03	+0.016%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0144%	1h	743.14	+0.031%	$33K	$105	20x	as long as short
Lighter META	+0.0184%	1h	743.46	+0.074%	$865K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.22	−0.093%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0221%	1h	743.28	+0.050%	$67.6M	$122.2M	20x	as long as short