Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Aster−0.007%7-day average −0.152% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.007%, 7d avg −0.152%

Together, before fees+0.171%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.146% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	744.24	0	get 0.0000% / 8h	3h 55m	$469K	$553K	20x
Short	Ondo Perps META-USD.P	744.19	0.0050	get 0.0006% / 1h	55m 03s	$819K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.007%Rate

Funding earned: $10.58
Price spread: −0.007% → −0.152%: $14.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $12.15
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Aster: live order book, 62 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 62 min ago	13.37 bp	45.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	744.51	+0.036%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0031%	1h	744.31	+0.010%	$481K	$553K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	744.24	long leg	$469K	$553K	20x
Extended META_24_5-USD	0.0000%	1h	744.33	+0.012%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.55	+0.042%	$28.5M	$183.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.60	+0.049%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.46	+0.030%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.06	−0.024%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.50	+0.035%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	+0.063%	$2.4M	$3.2M	—	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	744.96	+0.096%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.48	+0.032%	$876	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.97	−0.036%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.33	+0.012%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.83	+0.079%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.67	+0.058%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.35	+0.015%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.78	+0.073%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.76	+0.070%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	+0.011%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.49	+0.034%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	744.19	−0.007%	$819K	$4.7M	10x
QFEX META-USD	+0.0058%	1h	744.53	+0.039%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.21	+0.130%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.65	+0.055%	$1.6M	$593K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.24	0.000%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.49	+0.034%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0102%	8h	744.53	+0.039%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	744.41	+0.022%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.22	−0.002%	$616K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0208%	1h	744.72	+0.065%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.44	+0.027%	$172K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	744.65	+0.055%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0322%	1h	744.54	+0.041%	$69.9M	$121.1M	20x	as long as short
Phoenix META	+0.0591%	1h	745.89	+0.222%	$745K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0811%	4h	744.82	+0.078%	$62K	$336K	10x	as long as short