Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0009%/8hpaid last 24h +0.015%

Price spread now: Nado against Aster+0.354%68s7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$300.302% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.959%−$96 · spread now +0.354%, 7d avg −0.109%

Together, before fees−1.026%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$103 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: Nado is 0.463% dearer against Aster than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.109%. The two prices were read 68 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	744.89	0	get 0.0000% / 8h	4h 04m	$458K	$487K	20x
Short	Nado META-PERP	747.53	0.0009	get 0.0001% / 1h	4m 26s	$414K	$237K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.354%Rate

Funding earned: $1.9
Price spread: +0.354% → −0.109%: $46.34
Slippage, 4 orders: −$15.19
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $18.05
Costs to cover: 0.302%
Break-even: from the start

Slippage from Aster: live order book, 27 min ago; Nado: live order book, 27 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	0.94 bp	6.4 bp −$6	298.6 bp −$2,986	doesn't fit	doesn't fit
Sell Nado live order book, 27 min ago	1.68 bp	7.8 bp −$8	17.4 bp −$174	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	746.70	+0.243%	$336K	$1.1M	20x	as long as short
Hotstuff META-PERP	−0.0056%	1h	744.70	−0.026%	$33K	$105	20x	as long as short
Phoenix META	−0.0021%	1h	748.62	+0.501%	$314K	$622K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	744.89	long leg	$458K	$487K	20x
Extended META_24_5-USD	0.0000%	1h	744.49	−0.054%	$555K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.24	−0.087%	$27.7M	$171.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.14	−0.101%	$7.8M	$13.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.33	−0.075%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.03	−0.116%	$335K	$5.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.54	−0.047%	$6.1M	$10.1M	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	749.80	+0.659%	$1.6M	$2.4M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	750.71	+0.781%	$12K	$534K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.75	+0.250%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.84	+0.262%	$28K	$259K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.32	+0.192%	$106K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	748.07	+0.427%	$2.0M	$7K	10x	as long as short
Nado META-PERPshort	+0.0009%	1h	747.53	+0.354%	$414K	$237K	20x
QFEX META-USD	+0.0012%	1h	744.89	0.000%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.86	−0.004%	$728K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.73	+0.113%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.75	−0.019%	$176K	$196K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	747.01	+0.284%	$625K	$7.1M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	744.42	−0.063%	$71.0M	$116.2M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.48	−0.055%	$542K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.75	+0.250%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.33	−0.075%	$724K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	745.88	+0.132%	—	—	5x	as long as short
Lighter META	+0.0080%	1h	744.90	+0.001%	$871K	$2.6M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.35	−0.073%	$1.6M	$307K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	750.10	+0.699%	$168K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.26	−0.085%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.07	+0.292%	$269	—	10x	as long as short
Arcus META-USD	+0.0128%	1h	744.69	−0.027%	$265K	$311K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.12	+0.702%	$170K	$43K	30x	as long as short
Aftermath Perps METAUSD	+0.0376%	1h	747.82	+0.394%	$37K	$52K	10x	as long as short
edgeX METAUSDC	+0.0976%	4h	747.70	+0.377%	$63K	$329K	10x	as long as short