Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: OKX against Aster−0.104%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.104%, 7d avg −0.080%

Together, before fees+0.109%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: OKX is 0.024% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.42	0	get 0.0000% / 8h	1h 31m	$458K	$536K	20x
Short	OKX META-USDT-SWAP	740.65	0	get 0.0000% / 8h	1h 31m	$6.0M	$13.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.080%: −$2.43
Slippage, 4 orders: −$70.25
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.68
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from Aster: live order book, 51 min ago; OKX: live order book, 1 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, 51 min ago	10.12 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.47 bp	7.8 bp −$8	19.2 bp −$192	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	740.52	−0.122%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0076%	1h	740.71	−0.096%	$395K	$317K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.42	long leg	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.54	−0.119%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.67	−0.102%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.69	−0.099%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	740.65	−0.104%	$6.0M	$13.1M	20x
Gate META_USDT	0.0000%	8h	740.12	−0.176%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.70	−0.098%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.63	−0.107%	$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	740.39	−0.140%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.87	−0.075%	$865	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.59	−0.112%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.39	−0.139%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.58	−0.114%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.61	−0.110%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.97	−0.061%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.25	−0.158%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.24	−0.025%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.69	−0.099%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.75	−0.091%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.64	−0.106%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.56	−0.117%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	−0.138%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	740.91	−0.069%	$49K	$63K	10x	as long as short
Lighter META	+0.0064%	1h	740.93	−0.067%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.57	−0.115%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.148%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.73	−0.094%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	−0.166%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.69	−0.099%	$1K	$24	10x	as long as short
tradeXYZ xyz:META	+0.0102%	1h	740.84	−0.079%	$68.4M	$120.6M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.62	−0.108%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	740.79	−0.085%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.28	−0.154%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	740.56	−0.116%	$62K	$331K	10x	as long as short