Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.021%

Price spread now: Aster against Coinbase International+0.054%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.054%, 7d avg +0.167%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.113% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.167%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	743.58	0.0128	pay 0.0016% / 1h	22m 57s	$655K	$7.8M	10x
Short	Aster METAUSDT	743.98	0	get 0.0000% / 8h	2h 22m	$479K	$589K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$26.88
Price spread: +0.054% → +0.167%: −$11.29
Slippage, 4 orders: −$65.08
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$121.25
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Aster: live order book, 25 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 Coinbase International live order book, 1 min ago	2.56 bp	7.6 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Aster live order book, 25 min ago	13.27 bp	18.9 bp −$19	58.3 bp −$583	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	743.88	+0.040%	$331K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	743.98	+0.054%	$479K	$589K	20x
Extended META_24_5-USD	0.0000%	1h	743.51	−0.009%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.71	+0.017%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.60	+0.003%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.02	+0.059%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.18	−0.054%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.83	+0.034%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.049%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.85	+0.036%	$12K	$441K	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	743.98	+0.054%	$945	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.25	−0.044%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.50	−0.011%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.32	−0.035%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	743.64	+0.009%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.09	+0.069%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.22	−0.048%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.13	+0.074%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.59	+0.001%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.80	+0.030%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.26	−0.043%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.79	+0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.24	−0.046%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0075%	8h	743.72	+0.019%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.32	+0.099%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.61	+0.004%	$1.6M	$646K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.075%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.68	+0.013%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.55	−0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0128%	1h	743.58	long leg	$655K	$7.8M	10x
edgeX METAUSDC	+0.0212%	4h	743.26	−0.043%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.312%	$172K	$46K	30x	as long as short
Lighter META	+0.0312%	1h	744.07	+0.066%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.13	+0.074%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0437%	1h	744.14	+0.075%	$74.9M	$124.9M	20x	as long as short
Phoenix META	+0.0685%	1h	744.83	+0.168%	$795K	$1.4M	20x	as long as short