Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Aster against Aevo+0.005%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	741.63	0.0104	pay 0.0013% / 1h	55m 07s	$267	—	10x
Short	Aster METAUSDT	741.67	0	get 0.0000% / 8h	5h 55m	$466K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$21.84
Price spread: +0.005% → 0.000%: $0.55
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.29
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 7 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 7 min ago	9.99 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit

Aevo: 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	−0.0072%	1h	741.35	−0.038%	$479K	$549K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.67	+0.005%	$466K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	741.61	−0.003%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.84	+0.028%	$27.4M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.79	+0.021%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.70	+0.009%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.56	−0.010%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.79	+0.021%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	+0.033%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.09	+0.061%	$12K	$430K	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	741.62	−0.002%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.36	−0.037%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.50	−0.018%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.09	+0.062%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.92	+0.039%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.55	−0.011%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.12	−0.069%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.92	+0.039%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.79	+0.021%	$177K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.54	−0.012%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.67	+0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.34	−0.039%	$703K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	741.61	−0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	741.96	+0.045%	$49K	$81K	10x	as long as short
edgeX METAUSDC	+0.0083%	4h	741.83	+0.027%	$62K	$334K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	740.37	−0.170%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.64	+0.001%	$1.6M	$502K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.40	−0.031%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.87	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	741.63	long leg	$267	—	10x
Hotstuff META-PERP	+0.0168%	1h	741.87	+0.032%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	741.90	+0.036%	$861K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.66	−0.131%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0300%	1h	741.89	+0.035%	$68.5M	$119.8M	20x	as long as short
Phoenix META	+0.0313%	1h	741.60	−0.004%	$482K	$1.1M	20x	as long as short