Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against SunX−0.019%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2072.073% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.019%, 7d avg +0.056%

Together, before fees+0.045%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.075% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	740.77	0	get 0.0000% / 8h	6h 29m	$1K	$9.2M	20x
Short	Aster METAUSDT	740.63	0	get 0.0000% / 8h	6h 29m	$466K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.056%: −$7.51
Slippage, 4 orders: −$191.35
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$214.86
Costs to cover: 2.073%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Aster: live order book, 38 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 SunX live order book, 10 min ago	63.65 bp	67.6 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 38 min ago	6.28 bp	20.9 bp −$21	424.1 bp −$4,241	doesn't fit	doesn't fit

META on 35 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	−0.0144%	1h	740.75	−0.002%	$479K	$548K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	740.63	−0.019%	$466K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	740.17	−0.081%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.46	−0.041%	$27.3M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.39	−0.051%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.67	−0.013%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.55	−0.030%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.72	−0.007%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.98	+0.028%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.013%	$12K	$435K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTlong	0.0000%	8h	740.77	long leg	$1K	$9.2M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.92	−0.115%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.45	−0.043%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.95	+0.024%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0001%	4h	740.98	+0.028%	$62K	$336K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.65	−0.016%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.67	−0.013%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.50	−0.036%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.20	+0.058%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.84	+0.009%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.60	−0.023%	$558K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.60	−0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.28	−0.066%	$700K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.92	+0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.33	+0.075%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.59	−0.024%	$1.6M	$480K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.61	−0.022%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.39	−0.051%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.60	−0.023%	$856K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.29	−0.065%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	−0.015%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	741.12	+0.047%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.42	−0.047%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0235%	1h	740.51	−0.035%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	741.84	+0.144%	$407K	$1.1M	20x	as long as short