Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.024%

Price spread now: Hotstuff against Aster+0.002%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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 · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	742.42	0	get 0.0000% / 8h	5h 07m	$467K	$549K	20x
Short	Hotstuff META-PERP	742.44	0.0256	get 0.0032% / 1h	7m 12s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.002%Rate

Funding earned: $53.76
Price spread: +0.002% → 0.000%: $0.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $41.01
Costs to cover: 0.130%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 55 min ago; Hotstuff: 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, 55 min ago	9.99 bp	128.1 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	742.37	−0.007%	$329K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0114%	1h	742.12	−0.041%	$31K	$245K	10x	as long as short
Nado META-PERP	−0.0019%	1h	742.09	−0.044%	$480K	$550K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	742.42	long leg	$467K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	742.55	+0.017%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.85	+0.057%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.66	+0.032%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.64	+0.029%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.30	−0.016%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.64	+0.029%	$5.5M	$11.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	741.73	−0.093%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.81	−0.082%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.78	+0.048%	$806	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.44	+0.002%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.51	+0.012%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.10	+0.091%	$767K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.15	−0.037%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.49	−0.126%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.69	+0.036%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.34	−0.011%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.39	−0.004%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.45	+0.004%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.33	−0.147%	$720K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	742.24	−0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.48	+0.008%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.00	−0.057%	$612K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.49	+0.009%	$1.6M	$526K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.06	−0.183%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.64	+0.029%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.50	+0.010%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.78	−0.086%	$171K	$48K	30x	as long as short
Hotstuff META-PERPshort	+0.0256%	1h	742.44	+0.002%	$33K	$105	20x
Lighter META	+0.0264%	1h	743.05	+0.085%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0340%	1h	743.00	+0.078%	$69.4M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	+0.032%	$586K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0767%	4h	741.69	−0.098%	$62K	$336K	10x	as long as short