Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against Ondo Perps+0.024%7-day average +0.152% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.024%, 7d avg +0.152%

Together, before fees−0.189%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.128% cheaper against Ondo Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.152%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	744.19	0.0050	pay 0.0006% / 1h	56m 17s	$819K	$4.7M	10x
Short	Aster METAUSDT	744.37	0	get 0.0000% / 8h	3h 56m	$469K	$553K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$10.58
Price spread: +0.024% → +0.152%: −$12.77
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.35
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 61 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 61 min ago	13.37 bp	24.3 bp −$24	62.4 bp −$624	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	745.07	+0.118%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0033%	1h	744.39	+0.027%	$481K	$553K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	744.37	+0.024%	$469K	$553K	20x
Extended META_24_5-USD	0.0000%	1h	744.64	+0.060%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.84	+0.087%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.80	+0.082%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.80	+0.082%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.17	−0.003%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.80	+0.082%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	745.25	+0.143%	$2.4M	$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	744.58	+0.052%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.79	+0.081%	$877	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.32	+0.017%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.84	+0.087%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.02	+0.112%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.99	+0.107%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.33	+0.019%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.89	+0.094%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.84	+0.087%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.40	+0.028%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.80	+0.082%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	744.19	long leg	$819K	$4.7M	10x
QFEX META-USD	+0.0058%	1h	744.70	+0.069%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.27	+0.145%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.66	+0.063%	$1.6M	$592K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.69	−0.067%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.79	+0.081%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0103%	8h	744.58	+0.052%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	744.71	+0.070%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.49	+0.040%	$616K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0192%	1h	744.98	+0.106%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.44	+0.034%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	744.94	+0.101%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0319%	1h	744.77	+0.078%	$69.9M	$121.1M	20x	as long as short
Phoenix META	+0.0591%	1h	745.89	+0.228%	$741K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0954%	4h	744.56	+0.049%	$62K	$336K	10x	as long as short