Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Aster−0.064%7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.064% cheaper against Aster than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	745.68	0	get 0.0000% / 8h	1h 33m	$480K	$593K	20x
Short	Vest META-USD-PERP	745.20	0.0046	get 0.0006% / 1h	33m 26s	—	$12K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.064%Rate

Funding earned: $9.59
Price spread: −0.064% → 0.000%: −$6.39
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.79
Costs to cover: 0.100%
Break-even: 12.0 days

Slippage unknown: Aster: live order book, 9 min ago; Vest: 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, 9 min ago	13.27 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	744.05	−0.218%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0086%	1h	743.58	−0.281%	$34K	$275K	10x	as long as short
Nado META-PERP	−0.0030%	1h	744.96	−0.096%	$482K	$559K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	745.68	long leg	$480K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	745.03	−0.087%	$552K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.17	−0.068%	$25.2M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.02	−0.088%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.25	−0.057%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.57	−0.148%	$460K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.12	−0.075%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.08	−0.213%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.20	−0.197%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.82	−0.249%	$773	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.82	−0.249%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.64	−0.139%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.76	−0.123%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.57	−0.014%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.05	−0.218%	$112K	$339K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	745.20	−0.064%	—	$12K	25x
Popdex METAUSDT	+0.0048%	1h	745.15	−0.071%	$177K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.86	−0.109%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.97	−0.229%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.55	−0.151%	$710K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	745.18	−0.066%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.01	−0.089%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.93	−0.100%	$1.6M	$679K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.50	−0.292%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.98	−0.227%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.99	−0.226%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.10	−0.211%	$658K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.397%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.47	−0.162%	$33K	$105	20x	as long as short
Lighter META	+0.0376%	1h	745.73	+0.007%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0507%	1h	745.50	−0.024%	$77.4M	$127.5M	20x	as long as short
edgeX METAUSDC	+0.0548%	4h	744.17	−0.202%	$62K	$343K	10x	as long as short
Phoenix META	+0.0739%	1h	745.19	−0.065%	$796K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.99	−0.092%	—	—	—	as long as short