Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Gate+0.093%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1511.505% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.093%, 7d avg +0.127%

Together, before fees−0.085%+ Points / potential airdropAster: 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 0.035% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	738.88	0	get 0.0000% / 8h	7h 41m	$358K	$5.6M	100x
Short	Aster METAUSDT	739.57	0	get 0.0000% / 8h	7h 41m	$464K	$548K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.127%: −$3.47
Slippage, 4 orders: −$127.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$154
Costs to cover: 1.505%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Aster: live order book, 31 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 Gate live order book, 2 min ago	3.65 bp	11.5 bp −$11	26.3 bp −$263	doesn't fit	doesn't fit
Sell Aster live order book, 31 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
Phemex METAUSDT	−0.0400%	4h	739.89	+0.137%	$2.0M	$7K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	739.39	+0.069%	$328K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	739.57	+0.093%	$464K	$548K	20x
Extended META_24_5-USD	0.0000%	1h	738.72	−0.021%	$549K	$2.1M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.77	−0.015%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.71	−0.023%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	738.51	−0.050%	$6.0M	$13.2M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	738.88	long leg	$358K	$5.6M	100x
Bitget METAUSDT	0.0000%	8h	738.94	+0.008%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.65	+0.104%	$2.3M	$3.2M	—	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	739.31	+0.058%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.28	+0.054%	$637	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	738.61	−0.037%	$30K	$250K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.07	+0.026%	$106K	$292K	30x	as long as short
Nado META-PERP	+0.0032%	1h	738.12	−0.102%	$380K	$336K	20x	as long as short
Lighter RH META	+0.0032%	1h	738.99	+0.015%	$756K	$3.1M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	738.42	−0.062%	$33K	$105	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.24	+0.049%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.51	−0.050%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	738.87	−0.001%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.14	+0.035%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	737.92	−0.130%	$686K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.40	−0.065%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.03	+0.020%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	738.48	−0.054%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	739.77	+0.121%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.09	+0.028%	$1.6M	$420K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.11	+0.031%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.22	+0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.09	+0.029%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0128%	1h	738.80	−0.011%	$67.5M	$121.4M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.04	+0.022%	$601K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	738.87	−0.001%	$170K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	739.03	+0.020%	$855K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	739.42	+0.073%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0901%	4h	739.35	+0.063%	$62K	$332K	10x	as long as short