Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0130%/8h= +14.3% APRpaid last 24h +0.055%

Price spread now: tradeXYZ against Aster−0.080%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.080%, 7d avg −0.103%

Together, before fees+0.186%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.26	0	get 0.0000% / 8h	1h 47m	$458K	$536K	20x
Short	tradeXYZ xyz:META	740.67	0.0130	get 0.0016% / 1h	47m 34s	$68.5M	$120.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.080%Rate

Funding earned: $27.36
Price spread: −0.080% → −0.103%: $2.33
Slippage, 4 orders: −$65.69
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$62
Costs to cover: 0.917%
Break-even: 22.9 days

Slippage from Aster: live order book, 35 min ago; tradeXYZ: live order book, 12 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, 35 min ago	10.12 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.27 bp	9.7 bp −$10	11.0 bp −$110	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	740.79	−0.064%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0070%	1h	740.46	−0.108%	$396K	$317K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.26	long leg	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.45	−0.110%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.56	−0.095%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.48	−0.105%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.39	−0.117%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	−0.161%	$327K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.62	−0.086%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.53	−0.098%	$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	740.86	−0.054%	$12K	$518K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.83	−0.058%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.39	−0.117%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.65	−0.082%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.47	−0.107%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.89	−0.050%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.35	−0.123%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.05	−0.028%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.59	−0.090%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.67	−0.080%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.55	−0.096%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.48	−0.105%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.54	−0.097%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0054%	1h	741.36	+0.013%	$48K	$64K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	−0.049%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.71	−0.074%	$291K	$791K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0074%	1h	740.62	−0.086%	$30K	$256K	10x	as long as short
Lighter META	+0.0096%	1h	740.89	−0.050%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	−0.100%	$1.6M	$358K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.42	−0.113%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.69	−0.077%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	740.67	−0.080%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.61	−0.087%	$267	—	10x	as long as short
tradeXYZ xyz:METAshort	+0.0130%	1h	740.67	−0.080%	$68.5M	$120.5M	20x
Injective META/USDC PERP	+0.0220%	1h	740.50	−0.103%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0319%	4h	740.64	−0.083%	$62K	$330K	10x	as long as short