Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: GRVT against Aster−0.009%70s7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$850.850% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.009%, 7d avg −0.082%

Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board−$4 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: GRVT is 0.072% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.082%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	743.92	0	get 0.0000% / 8h	2h 22m	$479K	$589K	20x
Short	GRVT META_USDT_Perp	743.85	0	get 0.0000% / 8h	2h 22m	$12K	$441K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.082%: $7.25
Slippage, 4 orders: −$68.02
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$77.78
Costs to cover: 0.850%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; GRVT: live order book, 25 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	13.27 bp	48.3 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 25 min ago	1.14 bp	7.3 bp −$7	14.2 bp −$142	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	743.88	−0.005%	$331K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	743.92	long leg	$479K	$589K	20x
Extended META_24_5-USD	0.0000%	1h	743.53	−0.052%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.74	−0.024%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.48	−0.059%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.02	+0.014%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.29	−0.084%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.92	0.000%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.003%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	743.85	−0.009%	$12K	$441K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.98	+0.008%	$945	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.25	−0.090%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.50	−0.056%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.32	−0.080%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0013%	1h	743.30	−0.083%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.81	−0.015%	$768K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.28	−0.086%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.08	+0.022%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.68	−0.032%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.89	−0.004%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.27	−0.087%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.79	−0.017%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.24	−0.091%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	743.49	−0.057%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.47	+0.074%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.62	−0.040%	$1.6M	$646K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.121%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.70	−0.029%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.55	−0.049%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.045%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.089%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.266%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	743.91	−0.001%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	743.97	+0.007%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0439%	1h	744.01	+0.012%	$74.9M	$125.0M	20x	as long as short
Phoenix META	+0.0685%	1h	744.83	+0.123%	$795K	$1.4M	20x	as long as short