Funding arb · Price arb /

META

RWAall META markets

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 −0.008%

Price spread now: Aster against OKX−0.003%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.003%, 7d avg +0.075%

Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 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 0.078% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	745.49	0	get 0.0000% / 8h	2h 04m	$6.1M	$12.5M	20x
Short	Aster METAUSDT	745.47	0	get 0.0000% / 8h	2h 04m	$480K	$590K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.075%: −$7.8
Slippage, 4 orders: −$68.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$94.39
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Aster: live order book, 43 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 OKX live order book, 4 min ago	0.80 bp	10.3 bp −$10	19.8 bp −$198	doesn't fit	doesn't fit
Sell Aster live order book, 43 min ago	13.27 bp	18.9 bp −$19	58.3 bp −$583	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	745.91	+0.056%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	745.51	+0.003%	$483K	$557K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	745.47	−0.003%	$480K	$590K	20x
Extended META_24_5-USD	0.0000%	1h	745.41	−0.010%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.58	+0.012%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.58	+0.012%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	745.49	long leg	$6.1M	$12.5M	20x
Gate META_USDT	0.0000%	8h	745.32	−0.023%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.64	+0.020%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	+0.085%	$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	746.23	+0.099%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.48	−0.001%	$980	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.17	−0.043%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.30	−0.025%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	+0.047%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.84	+0.047%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.45	−0.005%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.17	+0.091%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.51	+0.003%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.66	+0.023%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.22	−0.036%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.51	+0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.25	−0.032%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	745.62	+0.017%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.57	+0.145%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.52	+0.004%	$1.6M	$658K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.62	+0.017%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.70	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.49	0.000%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.40	−0.012%	$656K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.341%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	745.86	+0.050%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.093%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0451%	1h	746.04	+0.074%	$76.2M	$125.8M	20x	as long as short
edgeX METAUSDC	+0.0674%	4h	745.96	+0.063%	$62K	$340K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.248%	$798K	$1.4M	20x	as long as short