Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Aster against Bybit+0.071%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.071%, 7d avg +0.078%

Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.54	0	get 0.0000% / 8h	1h 37m	$7.4M	$13.9M	100x
Short	Aster METAUSDT	741.07	0	get 0.0000% / 8h	1h 37m	$458K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.078%: −$0.68
Slippage, 4 orders: −$72.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.73
Costs to cover: 0.910%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 45 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 Bybit live order book, 5 min ago	1.49 bp	8.8 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Aster live order book, 45 min ago	10.12 bp	27.0 bp −$27	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	740.46	−0.011%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0056%	1h	740.07	−0.064%	$395K	$317K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.07	+0.071%	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.38	−0.021%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.52	−0.003%	$26.9M	$177.7M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	740.54	long leg	$7.4M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.58	+0.005%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.05	−0.066%	$330K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.55	+0.001%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	−0.024%	$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	740.50	−0.005%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.57	+0.004%	$654	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.47	−0.009%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.36	−0.024%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	−0.003%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.018%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.81	+0.036%	$744K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.36	−0.024%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.08	−0.062%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.80	+0.035%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.49	−0.007%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.56	+0.003%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.41	−0.018%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.19	−0.048%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.12	−0.057%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0056%	1h	740.90	+0.049%	$48K	$62K	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	740.34	−0.027%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	−0.003%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.09	−0.061%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.45	−0.012%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.79	+0.034%	$859K	$2.5M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.32	−0.030%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0130%	1h	740.60	+0.008%	$68.4M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.081%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0748%	4h	740.32	−0.029%	$62K	$329K	10x	as long as short