Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Aster+0.029%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.029% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	743.27	0	get 0.0000% / 8h	46m 19s	$459K	$536K	20x
Short	Aevo META-PERP	743.49	0.0104	get 0.0013% / 1h	46m 19s	$268	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.029%Rate

Funding earned: $21.84
Price spread: +0.029% → 0.000%: $2.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: $0.72
Costs to cover: 0.240%
Break-even: 6.8 days

Slippage unknown: Aster: live order book, 31 min ago; Aevo: no order-book sample. 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 Aster live order book, 31 min ago	9.23 bp	43.5 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	743.67	+0.053%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0077%	1h	743.54	+0.036%	$392K	$329K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	743.27	long leg	$459K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	743.54	+0.035%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.76	+0.066%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.59	+0.043%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.91	+0.086%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.39	+0.016%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.76	+0.066%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.040%	$2.3M	$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	743.15	−0.017%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.58	+0.041%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.52	+0.033%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.49	+0.029%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.39	+0.016%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.53	+0.035%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.03	+0.102%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.27	0.000%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.11	+0.113%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.73	+0.062%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.70	+0.058%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.70	+0.058%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.17	−0.014%	$780K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.65	+0.051%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.69	+0.057%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.001%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.47	+0.027%	$1.6M	$378K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.074%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.63	+0.048%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	743.49	+0.029%	$268	—	10x
Hotstuff META-PERP	+0.0120%	1h	743.88	+0.082%	$33K	$105	20x	as long as short
Phoenix META	+0.0129%	1h	743.34	+0.009%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.98	+0.095%	$865K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0206%	1h	743.89	+0.083%	$67.6M	$122.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.073%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	743.03	−0.033%	$62K	$332K	10x	as long as short