Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.031%

Price spread now: Aster against Popdex+0.014%7-day average +0.058% · 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−$82as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Popdex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.014%, 7d avg +0.058%

Together, before fees−0.258%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.044% cheaper against Popdex than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	742.34	0.0048	pay 0.0006% / 1h	46m 19s	$179K	$199K	20x
Short	Aster METAUSDT	742.44	0	get 0.0000% / 8h	4h 46m	$466K	$551K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Popdex. 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 PopdexbpFee AsterbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$10.08
Price spread: +0.014% → +0.058%: −$4.42
Slippage, 4 orders: −$63.68
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.58
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Popdex: live order book, 12 min ago; Aster: live order book, 11 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 Popdex live order book, 12 min ago	0.34 bp	4.2 bp −$4	10.4 bp −$104	doesn't fit	doesn't fit
Sell Aster live order book, 11 min ago	13.37 bp	24.3 bp −$24	62.4 bp −$624	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	742.49	+0.020%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0050%	1h	741.90	−0.059%	$480K	$553K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	742.44	+0.014%	$466K	$551K	20x
Extended META_24_5-USD	0.0000%	1h	742.00	−0.046%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.28	−0.008%	$27.5M	$180.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.87	−0.063%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.13	−0.028%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.95	−0.053%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.31	−0.004%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.77	+0.057%	$2.4M	$3.1M	—	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	743.01	+0.091%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.52	+0.024%	$734	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.73	−0.082%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.22	−0.016%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.89	+0.074%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.50	+0.022%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.16	−0.024%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.33	−0.001%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.42	+0.011%	—	$10K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	742.34	long leg	$179K	$199K	20x
Polymarket Perps META-USD	+0.0050%	1h	742.04	−0.040%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.14	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.071%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.09	−0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.94	+0.081%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.39	+0.007%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.19	−0.020%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.11	−0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.99	−0.047%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.043%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	742.18	−0.022%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0129%	4h	742.98	+0.086%	$62K	$337K	10x	as long as short
Lighter META	+0.0216%	1h	742.49	+0.020%	$857K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.79	+0.330%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0258%	1h	742.23	−0.015%	$69.4M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.213%	$631K	$1.2M	20x	as long as short