Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Deribit against Aster−0.005%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.005%, 7d avg −0.131%

Together, before fees+0.137%+ Points / potential airdropAster: Stage 5 · farm board+$14 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: Deribit is 0.126% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	744.12	0	get 0.0000% / 8h	3h 58m	$469K	$553K	20x
Short	Deribit META_USDC-PERPETUAL	744.08	0	get 0.0000% / 1h	58m 47s	$31K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.131%: $12.57
Slippage, 4 orders: −$66.74
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$69.17
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from Aster: live order book, 59 min ago; Deribit: 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, 59 min ago	13.37 bp	45.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 60 min ago	0.07 bp	3.6 bp −$4	6.6 bp −$66	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	744.49	+0.050%	$329K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	744.12	long leg	$469K	$553K	20x
Extended META_24_5-USD	0.0000%	1h	744.14	+0.003%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.34	+0.030%	$28.4M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.44	+0.043%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.27	+0.021%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.08	−0.005%	$366K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.40	+0.038%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	745.25	+0.153%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.97	+0.115%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.48	+0.049%	$993	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	744.08	−0.005%	$31K	$246K	10x
HTX META-USDT	0.0000%	8h	744.55	+0.058%	$106K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.20	+0.146%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0010%	1h	744.08	−0.004%	$481K	$553K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.63	+0.069%	$780K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.32	+0.027%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.27	+0.021%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.63	+0.069%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.24	+0.017%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.40	+0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.82	−0.040%	$819K	$4.6M	10x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	745.02	+0.121%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.63	+0.069%	$1.6M	$560K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.01	−0.014%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.49	+0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.37	+0.034%	$268	—	10x	as long as short
Paradex META-USD-PERP	+0.0105%	8h	744.53	+0.056%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.19	+0.010%	$616K	$7.3M	10x	as long as short
Popdex METAUSDT	+0.0160%	1h	744.46	+0.046%	$179K	$199K	20x	as long as short
Hotstuff META-PERP	+0.0200%	1h	744.88	+0.103%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	744.60	+0.065%	$862K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.42	+0.444%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0303%	1h	744.51	+0.053%	$69.8M	$120.9M	20x	as long as short
Phoenix META	+0.0591%	1h	745.84	+0.232%	$737K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	745.16	+0.141%	$62K	$338K	10x	as long as short