Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.008%

Price spread now: Aster against Nado+0.090%7-day average +0.103% · 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−$89as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.090%, 7d avg +0.103%

Together, before fees+0.185%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.103%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.072%, 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	Nado META-PERP	743.48	0.0013	pay 0.0002% / 1h	16m 26s	$481K	$558K	20x
Short	Aster METAUSDT	744.15	0	get 0.0000% / 8h	2h 16m	$479K	$589K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$2.66
Price spread: +0.090% → +0.103%: −$1.27
Slippage, 4 orders: −$72.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.31
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from Nado: live order book, 32 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 Nado live order book, 32 min ago	0.60 bp	10.0 bp −$10	46.7 bp −$467	doesn't fit	doesn't fit
Sell Aster live order book, 31 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	743.79	+0.042%	$330K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	744.15	+0.090%	$479K	$589K	20x
Extended META_24_5-USD	0.0000%	1h	743.58	+0.014%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.83	+0.047%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.71	+0.031%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.80	+0.043%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.15	−0.044%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.86	+0.051%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.58	+0.013%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.82	+0.046%	$12K	$443K	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	743.79	+0.042%	$840	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.020%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.50	+0.003%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.89	+0.055%	$2.0M	$8K	10x	as long as short
Nado META-PERPlong	+0.0013%	1h	743.48	long leg	$481K	$558K	20x
Lighter RH META	+0.0032%	1h	743.92	+0.059%	$760K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.39	−0.012%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.18	+0.094%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.89	+0.055%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.99	+0.068%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.52	+0.005%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.66	+0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.32	−0.022%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.46	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.44	+0.129%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.69	+0.028%	$1.6M	$651K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.063%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.69	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.50	+0.002%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	+0.013%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0187%	4h	743.65	+0.023%	$62K	$340K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.340%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.01	+0.071%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.02	+0.073%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0446%	1h	744.31	+0.112%	$75.3M	$125.4M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.190%	$795K	$1.4M	20x	as long as short