Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.040%

Price spread now: Aster against Polymarket Perps+0.068%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.068%, 7d avg +0.088%

Together, before fees−0.124%+ Points / potential airdropAster: Stage 5 · farm board−$12 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 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.088%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	740.64	0.0050	pay 0.0006% / 1h	36m 44s	$541K	$840K	10x
Short	Aster METAUSDT	741.14	0	get 0.0000% / 8h	1h 36m	$458K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$10.5
Price spread: +0.068% → +0.088%: −$2.08
Slippage, 4 orders: −$70.42
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99
Costs to cover: 0.864%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 46 min ago; Aster: live order book, 46 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 Polymarket Perps live order book, 46 min ago	1.89 bp	7.2 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell Aster live order book, 46 min ago	10.12 bp	27.0 bp −$27	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
BloFin META-USDT	−0.0120%	8h	740.63	−0.001%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0058%	1h	740.45	−0.026%	$395K	$317K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.14	+0.068%	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	740.52	−0.017%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.64	0.000%	$26.9M	$177.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.56	−0.011%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.56	−0.011%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.06	−0.078%	$330K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.61	−0.004%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	−0.038%	$1.6M	$2.6M	—	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	740.44	−0.027%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.65	+0.001%	$710	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.58	−0.008%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.48	−0.022%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.53	−0.015%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.45	−0.026%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.83	+0.026%	$744K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.66	+0.003%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.28	−0.049%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.00	+0.049%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.52	−0.016%	$178K	$201K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	740.64	long leg	$541K	$840K	10x
SoDEX META-USD	+0.0050%	1h	740.60	−0.005%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.48	−0.022%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.12	−0.070%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.76	+0.017%	$48K	$62K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.035%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.042%	$291K	$791K	20x	as long as short
Lighter META	+0.0096%	1h	740.78	+0.019%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.55	−0.012%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.101%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.61	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.45	−0.026%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0126%	1h	740.57	−0.009%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.095%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0892%	4h	740.33	−0.042%	$62K	$330K	10x	as long as short