Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: Polymarket Perps against Aster−0.137%46s7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as 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−$830.833% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.137%, 7d avg −0.084%

Together, before fees+0.257%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.053% cheaper against Aster than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.084%). If the spread goes back, that is −$5 on $10k: about 3.5 days of funding at the current rate (+$2 a day). The two prices were read 46 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	744.22	0	get 0.0000% / 8h	2h 19m	$479K	$589K	20x
Short	Polymarket Perps META-USD	743.20	0.0050	get 0.0006% / 1h	19m 43s	$585K	$562K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.137%Rate

Funding earned: $10.5
Price spread: −0.137% → −0.084%: −$5.3
Slippage, 4 orders: −$67.34
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$78.15
Costs to cover: 0.833%
Break-even: 59.1 days

Slippage from Aster: live order book, 28 min ago; Polymarket Perps: live order book, 28 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, 28 min ago	13.27 bp	48.3 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 28 min ago	3.29 bp	7.5 bp −$7	8.4 bp −$84	10.0 bp −$1,003	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	743.71	−0.069%	$330K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	744.22	long leg	$479K	$589K	20x
Extended META_24_5-USD	0.0000%	1h	743.66	−0.076%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.88	−0.046%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.65	−0.077%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.94	−0.038%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.23	−0.133%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.84	−0.051%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.58	−0.086%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.85	−0.050%	$13K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.84	−0.051%	$675	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.40	−0.110%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.44	−0.105%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.80	−0.057%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0013%	1h	743.24	−0.132%	$480K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.89	−0.045%	$756K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.34	−0.118%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.93	−0.039%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.54	−0.092%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.61	−0.082%	$178K	$200K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	743.20	−0.137%	$585K	$562K	10x
SoDEX META-USD	+0.0050%	1h	743.62	−0.081%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.26	−0.129%	$740K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.76	−0.062%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.34	+0.016%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.65	−0.077%	$1.6M	$650K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.10	−0.151%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.56	−0.089%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.39	−0.112%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.086%	$655K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.240%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	743.99	−0.031%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	743.93	−0.039%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0443%	1h	744.20	−0.003%	$75.1M	$125.1M	20x	as long as short
Phoenix META	+0.0685%	1h	744.88	+0.088%	$795K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0703%	4h	743.62	−0.081%	$62K	$340K	10x	as long as short