Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Aster against Deribit+0.122%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1361.364% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.122%, 7d avg +0.129%

Together, before fees−0.167%+ Points / potential airdropAster: Stage 5 · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	746.73	0	get 0.0000% / 1h	7m 54s	$31K	$252K	10x
Short	Aster METAUSDT	747.64	0	get 0.0000% / 8h	3h 07m	$493K	$577K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.129%: −$0.72
Slippage, 4 orders: −$121.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$137.07
Costs to cover: 1.364%
Break-even: never at this rate

Slippage from Deribit: live order book, 46 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 Deribit live order book, 46 min ago	0.07 bp	9.0 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell Aster live order book, 45 min ago	13.36 bp	26.7 bp −$27	63.5 bp −$635	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	747.56	+0.111%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	746.59	−0.019%	$483K	$556K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	747.64	+0.122%	$493K	$577K	20x
Extended META_24_5-USD	0.0000%	1h	747.87	+0.153%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	748.06	+0.178%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	748.15	+0.190%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	748.02	+0.173%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.97	+0.032%	$427K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	748.56	+0.245%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.24	+0.069%	$12K	$451K	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	747.48	+0.100%	$946	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	746.73	long leg	$31K	$252K	10x
HTX META-USDT	0.0000%	8h	748.24	+0.202%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.53	+0.107%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.12	+0.186%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.42	+0.092%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.54	+0.108%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.06	+0.044%	$588K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.67	+0.126%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.45	−0.037%	$773K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.89	+0.021%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	746.93	+0.027%	—	—	5x	as long as short
Bitget METAUSDT	+0.0083%	8h	747.79	+0.142%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	747.65	+0.124%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	747.19	+0.062%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.75	+0.137%	$1.6M	$623K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.51	−0.029%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.43	+0.094%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.24	+0.068%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.28	+0.074%	$662K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.75	+0.538%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	747.76	+0.138%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	748.09	+0.182%	$899K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0337%	1h	748.17	+0.193%	$71.7M	$121.5M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.337%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0737%	4h	747.08	+0.047%	$62K	$337K	10x	as long as short