Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.021%

Price spread now: Popdex against Aster+0.033%7-day average −0.057% · 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−$67as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.033%, 7d avg −0.057%

Together, before fees+0.124%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.090% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	745.84	0	get 0.0000% / 8h	1h 53m	$479K	$592K	20x
Short	Popdex METAUSDT	746.09	0.0048	get 0.0006% / 1h	53m 28s	$178K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.033%Rate

Funding earned: $10.08
Price spread: +0.033% → −0.057%: $9.04
Slippage, 4 orders: −$61.43
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$56.71
Costs to cover: 0.758%
Break-even: 46.4 days

Slippage from Aster: live order book, 54 min ago; Popdex: live order book, 55 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, 54 min ago	13.27 bp	48.3 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 55 min ago	0.40 bp	5.0 bp −$5	9.5 bp −$95	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	745.99	+0.020%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0047%	1h	745.61	−0.032%	$483K	$557K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	745.84	long leg	$479K	$592K	20x
Extended META_24_5-USD	0.0000%	1h	745.86	+0.002%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.11	+0.036%	$27.0M	$184.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.06	+0.029%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.99	+0.020%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.59	−0.034%	$435K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.12	+0.037%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	−0.039%	$2.4M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.19	+0.046%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.70	−0.019%	$576	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.78	−0.008%	$31K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.64	−0.027%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.02	+0.024%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.93	+0.012%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.45	+0.082%	$788K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.50	−0.046%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.52	+0.091%	—	$12K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	746.09	+0.033%	$178K	$205K	20x
Polymarket Perps META-USD	+0.0050%	1h	745.66	−0.024%	$587K	$567K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.90	+0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.59	−0.034%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.96	+0.016%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.58	+0.099%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.84	0.000%	$1.6M	$664K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−0.101%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.90	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.75	−0.013%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.066%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.974%	$174K	$46K	30x	as long as short
edgeX METAUSDC	+0.0291%	4h	745.74	−0.014%	$62K	$342K	10x	as long as short
Lighter META	+0.0352%	1h	746.51	+0.090%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.43	+0.079%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0560%	1h	746.56	+0.096%	$76.8M	$126.4M	20x	as long as short
Phoenix META	+0.0739%	1h	747.55	+0.229%	$798K	$1.5M	20x	as long as short