Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Aster+0.025%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1941.944% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.025%, 7d avg −0.048%

Together, before fees+0.031%+ Points / potential airdropAster: Stage 5 · farm board+$3 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: Phemex is 0.073% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.08	0	get 0.0000% / 8h	7h 58m	$461K	$546K	20x
Short	Phemex METAUSDT	741.26	0	get 0.0000% / 4h	3h 58m	$2.0M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.048%: $7.27
Slippage, 4 orders: −$174.41
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$187.14
Costs to cover: 1.944%
Break-even: never at this rate

Slippage from Aster: live order book, 14 min ago; Phemex: live order book, 4 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, 14 min ago	9.91 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.55 bp	37.2 bp −$37	doesn't fit	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	741.23	+0.021%	$327K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0060%	1h	740.80	−0.037%	$30K	$258K	10x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.08	long leg	$461K	$546K	20x
Extended META_24_5-USD	0.0000%	1h	741.08	+0.001%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.24	+0.022%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.98	−0.013%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.01	−0.009%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.71	−0.050%	$355K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.80	−0.037%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	−0.033%	$2.3M	$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	741.01	−0.009%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.51	−0.077%	$644	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.73	−0.047%	$107K	$285K	30x	as long as short
Phemex METAUSDTshort	0.0000%	4h	741.26	+0.025%	$2.0M	$7K	10x
QFEX META-USD	+0.0027%	1h	741.14	+0.008%	$2.2M	$14.4M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.56	+0.065%	$761K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.39	−0.093%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.18	+0.014%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.03	−0.006%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.61	−0.063%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.75	−0.044%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.75	−0.179%	$757K	$4.3M	10x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	741.06	−0.002%	$51K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	740.47	−0.081%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.02	−0.008%	$1.6M	$408K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.086%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.26	+0.025%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.99	−0.012%	$267	—	10x	as long as short
Nado META-PERP	+0.0116%	1h	741.06	−0.002%	$385K	$332K	20x	as long as short
Phoenix META	+0.0129%	1h	741.01	−0.009%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	−0.075%	$608K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	740.48	−0.081%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.21	+0.288%	$169K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	741.65	+0.077%	$859K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0411%	1h	740.69	−0.052%	$67.7M	$122.8M	20x	as long as short
edgeX METAUSDC	+0.0622%	4h	740.96	−0.016%	$62K	$334K	10x	as long as short