Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0502%/8h= +54.9% APRpaid last 24h +0.124%

Price spread now: edgeX against Aster−0.076%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.642%+$64 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.076%, 7d avg −0.076%

Together, before fees+0.647%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$65 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	744.00	0	get 0.0000% / 8h	7h 15m	$479K	$620K	20x
Short	edgeX METAUSDC	743.44	0.0502	get 0.0251% / 4h	3h 15m	$63K	$348K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $105.37
Price spread: −0.076% → −0.076%: $0.02
Slippage, 4 orders: −$97.9
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.51
Costs to cover: 1.149%
Break-even: 7.6 days

Slippage from Aster: live order book, 18 min ago; edgeX: live order book, 18 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, 18 min ago	13.36 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 18 min ago	5.11 bp	9.7 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit

META on 37 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	744.11	+0.015%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	743.64	−0.049%	$478K	$560K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	744.00	long leg	$479K	$620K	20x
Extended META_24_5-USD	0.0000%	1h	743.84	−0.022%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.20	+0.027%	$25.9M	$191.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.39	+0.052%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.10	+0.013%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.48	−0.070%	$472K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.10	+0.013%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.90	−0.014%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.98	−0.137%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.08	+0.011%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.66	−0.046%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.76	−0.032%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.02	+0.003%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.21	+0.028%	$796K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.91	−0.012%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.47	−0.071%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.31	+0.042%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.98	−0.003%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.83	−0.023%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.06	+0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.19	−0.109%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	743.81	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	743.89	−0.014%	$51K	$92K	10x	as long as short
Pacifica META	+0.0100%	1h	743.52	−0.064%	$611	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.79	−0.028%	$1.6M	$783K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.38	−0.083%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.88	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.70	−0.041%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.28	−0.097%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.105%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.00	0.000%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	744.25	+0.034%	$85.5M	$134.1M	20x	as long as short
Lighter META	+0.0296%	1h	744.56	+0.075%	$1.2M	$2.9M	20x	as long as short
edgeX METAUSDCshort	+0.0502%	4h	743.44	−0.076%	$63K	$348K	10x
Phoenix META	+0.0791%	1h	744.89	+0.120%	$795K	$1.5M	20x	as long as short