Funding arb · Price arb /

META

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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 −0.004%

Price spread now: Aster against Bitget−0.007%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now −0.007%, 7d avg +0.067%

Together, before fees−0.049%+ Points / potential airdropAster: Stage 5 · farm board−$5 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: Aster is 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	745.65	0	get 0.0000% / 8h	1h 02m	$5.6M	$12.4M	100x
Short	Aster METAUSDT	745.60	0	get 0.0000% / 8h	1h 02m	$479K	$593K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.067%: −$7.4
Slippage, 4 orders: −$64.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.22
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 40 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 Bitget live order book, 1 min ago	1.21 bp	9.1 bp −$9	16.2 bp −$162	29.1 bp −$2,908	doesn't fit
Sell Aster live order book, 40 min ago	13.27 bp	18.4 bp −$18	120.8 bp −$1,208	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	745.69	+0.005%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	745.16	−0.065%	$481K	$559K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	745.60	−0.007%	$479K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	745.44	−0.028%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.68	+0.005%	$24.9M	$187.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.48	−0.023%	$7.4M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.62	−0.004%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.93	−0.097%	$464K	$6.2M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	745.65	long leg	$5.6M	$12.4M	100x
Variational Omni META	0.0000%	8h	745.37	−0.037%	$2.4M	$3.1M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.64	−0.002%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.44	−0.028%	$899	$8.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.33	−0.043%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.79	+0.019%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.37	−0.038%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.91	+0.035%	$791K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.066%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.86	+0.028%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.57	−0.011%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.19	−0.062%	$579K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.62	−0.004%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.05	−0.080%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	745.41	−0.032%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0086%	1h	745.33	−0.043%	$34K	$275K	10x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.08	+0.058%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.36	−0.039%	$1.6M	$699K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.084%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.58	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.42	−0.031%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	−0.054%	$649K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0116%	4h	745.51	−0.019%	$62K	$344K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.207%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.90	+0.034%	$33K	$105	20x	as long as short
Lighter META	+0.0384%	1h	746.16	+0.068%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0494%	1h	746.04	+0.052%	$78.6M	$128.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.111%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.36	−0.039%	$13	$106	10x	as long as short