Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.012%

Price spread now: Coinbase International against Aster+0.021%54s7-day average −0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.885% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.021%, 7d avg −0.173%

Together, before fees−0.205%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.194% dearer against Aster than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.173%. Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	740.51	0	get 0.0000% / 8h	6h 19m	$466K	$549K	20x
Short	Coinbase International META-PERP-INTX	740.66	0.0104	get 0.0013% / 1h	19m 21s	$609K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.021%Rate

Funding earned: $21.84
Price spread: +0.021% → −0.173%: $19.36
Slippage, 4 orders: −$70.51
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.3
Costs to cover: 0.885%
Break-even: 22.2 days

Slippage from Aster: live order book, 48 min ago; Coinbase International: live order book, 5 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 Aster live order book, 48 min ago	6.28 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.70 bp	8.4 bp −$8	10.7 bp −$107	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	−0.0122%	1h	739.71	−0.108%	$478K	$549K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	740.51	long leg	$466K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	739.88	−0.084%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.07	−0.059%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.10	−0.055%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.73	−0.105%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.01	−0.067%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	−0.031%	$5.5M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	740.21	−0.040%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	−0.006%	$12K	$433K	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-USDT	0.0000%	8h	740.08	−0.058%	$608	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.73	−0.105%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.01	−0.067%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.038%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.14	−0.050%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.30	−0.028%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.88	−0.085%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.45	−0.008%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.09	−0.056%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.04	−0.063%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.21	−0.040%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.070%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.96	−0.074%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.89	+0.051%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.31	−0.027%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.56	−0.128%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.06	−0.060%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	740.66	+0.021%	$609K	$7.2M	10x
Lighter META	+0.0128%	1h	740.25	−0.035%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.23	−0.037%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.258%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0247%	1h	740.14	−0.050%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.046%	$429K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0939%	4h	740.24	−0.036%	$62K	$335K	10x	as long as short