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 +0.001%

Price spread now: Gate against Aster−0.085%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1621.622% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.085%, 7d avg −0.123%

Together, before fees+0.120%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: Gate is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	746.13	0	get 0.0000% / 8h	3h 23m	$470K	$577K	20x
Short	Gate META_USDT	745.50	0	get 0.0000% / 8h	3h 23m	$379K	$5.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.123%: $3.79
Slippage, 4 orders: −$139.23
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$158.44
Costs to cover: 1.622%
Break-even: never at this rate

Slippage from Aster: live order book, 29 min ago; Gate: 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, 29 min ago	13.36 bp	97.1 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.04 bp	19.4 bp −$19	55.5 bp −$555	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	746.55	+0.056%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	745.71	−0.058%	$482K	$554K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	746.13	long leg	$470K	$577K	20x
Extended META_24_5-USD	0.0000%	1h	746.20	+0.009%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.40	+0.036%	$28.5M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.35	+0.029%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.14	+0.001%	$6.0M	$13.4M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	745.50	−0.085%	$379K	$5.8M	100x
Variational Omni META	0.0000%	8h	745.90	−0.032%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.70	−0.058%	$12K	$453K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.95	−0.025%	$778	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.98	−0.021%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.49	+0.048%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.85	+0.096%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0010%	8h	746.17	+0.005%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.75	+0.082%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.62	−0.069%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.47	+0.045%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.78	−0.048%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.15	+0.002%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.98	−0.155%	$786K	$4.6M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.92	−0.028%	—	—	5x	as long as short
QFEX META-USD	+0.0058%	1h	746.06	−0.010%	$2.2M	$13.8M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.14	0.000%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.19	+0.007%	$1.6M	$616K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.69	−0.060%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.40	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.33	+0.026%	$269	—	10x	as long as short
Popdex METAUSDT	+0.0112%	1h	746.06	−0.010%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.64	−0.066%	$635K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	−0.182%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	745.40	−0.098%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	746.71	+0.077%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0318%	1h	746.29	+0.021%	$70.4M	$121.0M	20x	as long as short
Phoenix META	+0.0633%	1h	746.69	+0.074%	$797K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0637%	4h	746.10	−0.005%	$62K	$337K	10x	as long as short