Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.065%

Price spread now: Injective against Aster+0.447%7-day average +0.212% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1401.403% of the position

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.461%+$46 on $10k

Price spread, last 4 days (all we have)−0.425%−$43 · spread now +0.447%, 7d avg +0.212%

Together, before fees+0.036%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.235% dearer against Aster than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	746.90	0	get 0.0000% / 8h	11m 04s	$480K	$593K	20x
Short	Injective META/USDC PERP	750.24	0.0220	get 0.0028% / 1h	11m 04s	$177K	$51K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.447%Rate

Funding earned: $46.2
Price spread: +0.447% → +0.212%: $23.51
Slippage, 4 orders: −$132.31
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$70.62
Costs to cover: 1.403%
Break-even: 17.7 days

Slippage from Aster: live order book, 27 min ago; Injective: live order book, 28 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, 27 min ago	13.36 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 28 min ago	15.27 bp	40.3 bp −$40	doesn't fit	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	747.34	+0.059%	$334K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	746.90	long leg	$480K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	746.96	+0.009%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.29	+0.052%	$25.4M	$189.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.38	+0.064%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.44	+0.072%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.70	−0.027%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.35	+0.060%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	−0.059%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.47	+0.076%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.32	+0.056%	$990	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.61	−0.039%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.18	+0.038%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.058%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0019%	1h	746.94	+0.005%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.21	+0.042%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.44	+0.072%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.07	+0.023%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.65	+0.101%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.10	+0.027%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.28	+0.051%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.23	+0.044%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	747.27	+0.050%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	747.33	+0.058%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0088%	1h	747.87	+0.130%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.48	+0.077%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.17	+0.036%	$1.6M	$724K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.75	−0.020%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.36	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.17	+0.036%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	747.19	+0.039%	$644K	$8.0M	10x	as long as short
edgeX METAUSDC	+0.0185%	4h	747.20	+0.040%	$62K	$346K	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	750.24	+0.447%	$177K	$51K	30x
Lighter META	+0.0448%	1h	747.58	+0.091%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0480%	1h	747.71	+0.109%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0571%	1h	747.55	+0.087%	$83.5M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.59	+0.226%	$799K	$1.5M	20x	as long as short