Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Aster against OKX+0.095%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1681.677% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.095%, 7d avg +0.080%

Together, before fees−0.127%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	740.16	0	get 0.0000% / 8h	2h 28m	$6.0M	$13.1M	20x
Short	Aster METAUSDT	740.87	0	get 0.0000% / 8h	2h 28m	$457K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.080%: $1.53
Slippage, 4 orders: −$149.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$166.19
Costs to cover: 1.677%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Aster: live order book, 58 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 OKX live order book, 4 min ago	0.27 bp	9.8 bp −$10	19.3 bp −$193	doesn't fit	doesn't fit
Sell Aster live order book, 58 min ago	10.18 bp	60.0 bp −$60	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
Nado META-PERP	−0.0131%	1h	740.61	+0.061%	$399K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.47	+0.042%	$330K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	740.87	+0.095%	$457K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.19	+0.004%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.27	+0.015%	$26.8M	$177.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.32	+0.022%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	740.16	long leg	$6.0M	$13.1M	20x
Gate META_USDT	0.0000%	8h	739.80	−0.049%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.32	+0.022%	$5.7M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.43	+0.037%	$1.6M	$2.5M	—	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	740.41	+0.033%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.87	+0.096%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.43	+0.036%	$30K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.99	−0.023%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.23	+0.009%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.41	+0.034%	$2.2M	$14.2M	10x	as long as short
edgeX METAUSDC	+0.0026%	4h	740.40	+0.032%	$62K	$330K	10x	as long as short
Lighter META	+0.0032%	1h	740.63	+0.063%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.65	+0.066%	$739K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.30	+0.019%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.16	+0.135%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	+0.034%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.42	+0.035%	$68.4M	$120.3M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.58	+0.057%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.27	+0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.38	+0.030%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.39	+0.031%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	740.77	+0.083%	$45K	$60K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	+0.014%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.53	+0.050%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.28	+0.016%	$1.6M	$351K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.69	+0.072%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.50	+0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	+0.025%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0160%	1h	740.60	+0.059%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	+0.020%	$168K	$46K	30x	as long as short