Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h +0.021%

Price spread now: Nado against Aster−0.062%7-day average −0.108% · 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−$170as in the Price arb table

costs, in and out, $10k−$1751.746% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now −0.062%, 7d avg −0.108%

Together, before fees−0.264%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.046% dearer against Aster than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.108%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	740.72	0	get 0.0000% / 8h	2h 23m	$457K	$536K	20x
Short	Nado META-PERP	740.26	−0.0125	pay 0.0016% / 1h	23m 52s	$398K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.062%Rate

Funding earned: −$26.3
Price spread: −0.062% → −0.108%: $4.6
Slippage, 4 orders: −$159.57
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$196.26
Costs to cover: 1.746%
Break-even: never at this rate

Slippage from Aster: live order book, 63 min ago; Nado: live order book, 63 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, 63 min ago	10.18 bp	91.9 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 63 min ago	0.41 bp	11.3 bp −$11	113.4 bp −$1,134	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
Nado META-PERPshort	−0.0125%	1h	740.26	−0.062%	$398K	$316K	20x
BloFin META-USDT	−0.0120%	8h	740.37	−0.047%	$329K	$1.1M	20x	as long as short
Hotstuff META-PERP	−0.0096%	1h	740.36	−0.048%	$33K	$105	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	740.72	long leg	$457K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.29	−0.058%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.38	−0.046%	$26.8M	$177.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.26	−0.062%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.42	−0.040%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	−0.088%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.34	−0.051%	$5.7M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.36	−0.048%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.29	−0.058%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.83	+0.015%	$840	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.52	−0.027%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.17	−0.074%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.30	−0.056%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.25	−0.063%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.56	−0.021%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.58	−0.019%	$740K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.22	−0.067%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.91	+0.026%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.37	−0.047%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.55	−0.023%	$68.5M	$120.3M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.50	−0.029%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.30	−0.056%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.32	−0.054%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.27	−0.061%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.00	+0.038%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.062%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.34	−0.051%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.38	−0.046%	$1.6M	$352K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.35	−0.050%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.45	−0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.35	−0.049%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0167%	4h	740.30	−0.056%	$62K	$328K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.22	+0.203%	$169K	$46K	30x	as long as short