Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.152%

Price spread now: Aster against Extended−0.006%7-day average +0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.006%, 7d avg +0.099%

Together, before fees−0.085%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.105% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	740.08	0	get 0.0000% / 1h	13m 50s	$550K	$2.7M	17x
Short	Aster METAUSDT	740.04	0	get 0.0000% / 8h	7h 13m	$466K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.099%: −$10.46
Slippage, 4 orders: −$119.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$143.24
Costs to cover: 1.328%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Aster: live order book, 59 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 Extended live order book, 5 min ago	0.54 bp	5.5 bp −$6	24.9 bp −$249	doesn't fit	doesn't fit
Sell Aster live order book, 59 min ago	9.91 bp	22.7 bp −$23	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
Deribit META_USDC-PERPETUAL	−0.0250%	1h	739.56	−0.070%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.35	+0.037%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0062%	1h	740.07	−0.001%	$465K	$456K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	740.04	−0.006%	$466K	$549K	20x
Extended META_24_5-USDlong	0.0000%	1h	740.08	long leg	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	740.22	+0.019%	$27.4M	$179.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.59	+0.069%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.04	−0.005%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.85	−0.031%	$349K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.03	−0.007%	$5.6M	$11.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.24	+0.022%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.28	+0.027%	$12K	$459K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.61	+0.072%	$772	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.80	−0.038%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.59	+0.069%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.30	+0.030%	$752K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.42	+0.046%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.10	+0.003%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.97	−0.015%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.05	−0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.076%	$673K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.91	−0.023%	$2.2M	$14.2M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	740.23	+0.021%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	739.79	−0.039%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.56	+0.065%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.15	+0.010%	$1.6M	$444K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.81	−0.036%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.16	+0.011%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	740.08	0.000%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.97	−0.014%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.80	−0.038%	$614K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	740.15	+0.010%	$67.7M	$121.7M	20x	as long as short
Lighter META	+0.0216%	1h	740.29	+0.029%	$852K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.197%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.56	+0.065%	$309K	$930K	20x	as long as short
edgeX METAUSDC	+0.0672%	4h	740.18	+0.014%	$62K	$335K	10x	as long as short