Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against Ondo Perps+0.150%7-day average +0.154% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.150%, 7d avg +0.154%

Together, before fees−0.229%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.154%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	739.51	0.0050	pay 0.0006% / 1h	17m 29s	$697K	$4.3M	10x
Short	Aster METAUSDT	740.62	0	get 0.0000% / 8h	6h 17m	$466K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$10.58
Price spread: +0.150% → +0.154%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.93
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 50 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 50 min ago	6.28 bp	20.9 bp −$21	424.1 bp −$4,241	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 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
Nado META-PERP	−0.0121%	1h	739.94	+0.058%	$478K	$549K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	740.62	+0.150%	$466K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	740.03	+0.071%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.23	+0.097%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.99	+0.065%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.100%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	+0.064%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.104%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.21	+0.095%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	+0.088%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.06	+0.074%	$830	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.57	+0.008%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.00	+0.066%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.173%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.08	+0.077%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.48	+0.131%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.78	+0.037%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.39	+0.119%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.19	+0.092%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	+0.059%	$557K	$776K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.20	+0.093%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	739.51	long leg	$697K	$4.3M	10x
Paradex META-USD-PERP	+0.0057%	8h	740.00	+0.067%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.186%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.25	+0.100%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	+0.031%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	+0.080%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.99	+0.065%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.156%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.41	+0.122%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.28	+0.104%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.394%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0246%	1h	740.28	+0.104%	$68.4M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.181%	$434K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	+0.063%	$62K	$336K	10x	as long as short