Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Aster against ApeX Omni+0.141%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1211.211% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.141%, 7d avg +0.117%

Together, before fees−0.192%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.024% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.117%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	744.29	0.0100	pay 0.0013% / 1h	16m 54s	$167K	$72K	50x
Short	Aster METAUSDT	745.34	0	get 0.0000% / 8h	1h 16m	$479K	$593K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$21
Price spread: +0.141% → +0.117%: $2.39
Slippage, 4 orders: −$103.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$139.76
Costs to cover: 1.211%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 min ago; Aster: live order book, 26 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 ApeX Omni live order book, 24 min ago	2.62 bp	26.1 bp −$26	446.3 bp −$4,463	doesn't fit	doesn't fit
Sell Aster live order book, 26 min ago	13.27 bp	18.4 bp −$18	120.8 bp −$1,208	doesn't fit	doesn't fit

META on 37 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	744.83	+0.073%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0040%	1h	744.68	+0.053%	$480K	$559K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	745.34	+0.141%	$479K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	744.72	+0.058%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.94	+0.087%	$25.0M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.82	+0.071%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.79	+0.067%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.36	+0.009%	$462K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.98	+0.093%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.80	+0.068%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.86	+0.076%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.81	+0.070%	$873	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.39	+0.013%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.90	+0.082%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.85	+0.075%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.74	+0.060%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.29	+0.134%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.62	+0.044%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	+0.169%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.84	+0.074%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.44	+0.020%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.77	+0.064%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.41	+0.016%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.88	+0.079%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.77	+0.199%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.83	+0.073%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	744.29	long leg	$167K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.82	+0.071%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.69	+0.053%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	+0.059%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.410%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.43	+0.153%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.41	+0.150%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.52	+0.165%	$78.0M	$127.6M	20x	as long as short
edgeX METAUSDC	+0.0678%	4h	744.71	+0.057%	$62K	$344K	10x	as long as short
Phoenix META	+0.0739%	1h	746.42	+0.286%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.07	+0.104%	$16	$103	10x	as long as short