Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Aster−0.074%55s7-day average — · you buy dearer than you sell

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

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.074% cheaper against Aster than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day). The two prices were read 55 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	746.00	0	get 0.0000% / 8h	7h 46m	$483K	$603K	20x
Short	SoDEX META-USD	745.45	0.0050	get 0.0006% / 1h	46m 28s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $10.5
Price spread: −0.074% → 0.000%: −$7.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.87
Costs to cover: 0.160%
Break-even: 15.6 days

Slippage unknown: Aster: live order book, 51 min ago; SoDEX: 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, 51 min ago	13.36 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 37 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	745.52	−0.064%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	744.43	−0.211%	$480K	$561K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	746.00	long leg	$483K	$603K	20x
Extended META_24_5-USD	0.0000%	1h	744.83	−0.157%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.96	−0.139%	$25.6M	$191.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.70	−0.174%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.73	−0.170%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.34	−0.223%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.77	−0.165%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.070%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.46	+0.061%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.62	−0.051%	$1K	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.06	−0.126%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.76	−0.032%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.08	+0.011%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.95	−0.141%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.95	−0.141%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.48	−0.204%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.50	−0.067%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.80	−0.161%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.20	−0.241%	$566K	$619K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	745.45	−0.074%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.77	−0.165%	$724K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	744.92	−0.145%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.43	+0.058%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	744.88	−0.150%	$635	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.14	−0.115%	$1.6M	$750K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.98	−0.003%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.27	−0.098%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.04	−0.128%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	745.20	−0.107%	$650K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.279%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	745.10	−0.121%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0264%	1h	744.96	−0.139%	$84.2M	$132.7M	20x	as long as short
Hotstuff META-PERP	+0.0328%	1h	746.35	+0.047%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0372%	4h	746.05	+0.007%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	746.70	+0.094%	$797K	$1.5M	20x	as long as short