Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.026%

Price spread now: Aster against Polymarket Perps+0.085%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$780.784% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.085%, 7d avg +0.083%

Together, before fees−0.289%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, 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	Polymarket Perps META-USD	744.45	0.0050	pay 0.0006% / 1h	14m 13s	$578K	$572K	10x
Short	Aster METAUSDT	745.09	0	get 0.0000% / 8h	1h 14m	$479K	$593K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$10.5
Price spread: +0.085% → +0.083%: $0.25
Slippage, 4 orders: −$62.44
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$88.69
Costs to cover: 0.784%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 28 min ago; Aster: live order book, 28 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 Polymarket Perps live order book, 28 min ago	0.07 bp	4.2 bp −$4	6.3 bp −$63	8.2 bp −$816	doesn't fit
Sell Aster live order book, 28 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	744.93	+0.064%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0040%	1h	744.58	+0.017%	$480K	$559K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	745.09	+0.085%	$479K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	744.52	+0.009%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.67	+0.030%	$24.9M	$188.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.70	+0.034%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.01	+0.075%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.39	−0.008%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.96	+0.069%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	+0.034%	$2.4M	$3.3M	—	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	744.86	+0.055%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.68	+0.031%	$1K	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.28	−0.023%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.48	+0.004%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.93	+0.064%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.58	+0.017%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.08	+0.085%	$855K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.66	+0.028%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.18	+0.098%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.81	+0.048%	$177K	$205K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	744.45	long leg	$578K	$572K	10x
SoDEX META-USD	+0.0050%	1h	744.66	+0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.35	−0.013%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.70	+0.033%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.67	+0.165%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.81	+0.048%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.42	−0.004%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.51	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.55	+0.013%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	+0.038%	$650K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0133%	4h	744.79	+0.046%	$62K	$345K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.388%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.22	+0.103%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	745.29	+0.113%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0488%	1h	745.22	+0.103%	$78.1M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.42	+0.265%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.96	+0.069%	$16	$103	10x	as long as short