Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.155%

Price spread now: Extended against Aster−0.089%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.089%, 7d avg −0.100%

Together, before fees+0.187%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.03	0	get 0.0000% / 8h	1h 38m	$458K	$536K	20x
Short	Extended META_24_5-USD	740.37	0	get 0.0000% / 1h	38m 09s	$548K	$1.5M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.100%: $1.1
Slippage, 4 orders: −$70.69
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$82.59
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from Aster: live order book, 44 min ago; Extended: live order book, 5 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, 44 min ago	10.12 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.54 bp	5.5 bp −$6	26.8 bp −$268	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	740.46	−0.077%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0056%	1h	740.07	−0.130%	$395K	$317K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.03	long leg	$458K	$536K	20x
Extended META_24_5-USDshort	0.0000%	1h	740.37	−0.089%	$548K	$1.5M	17x
Binance METAUSDT	0.0000%	8h	740.50	−0.071%	$26.9M	$177.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.45	−0.078%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.31	−0.097%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.94	−0.147%	$330K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.48	−0.074%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	−0.090%	$1.6M	$2.6M	—	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	740.50	−0.071%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.57	−0.062%	$654	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.47	−0.075%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.36	−0.090%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	−0.069%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.084%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.81	−0.030%	$744K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.36	−0.090%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.08	−0.128%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.80	−0.031%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.49	−0.073%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.56	−0.063%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.084%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.19	−0.114%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.12	−0.123%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0056%	1h	740.90	−0.018%	$48K	$62K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	−0.017%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.34	−0.093%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	−0.069%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.09	−0.127%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.45	−0.078%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.79	−0.032%	$859K	$2.5M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.32	−0.096%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0132%	1h	740.60	−0.058%	$68.4M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.147%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0748%	4h	740.32	−0.095%	$62K	$329K	10x	as long as short