Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.064%

Price spread now: Aster against Arcus+0.107%56s7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1691.691% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.138%−$14 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.107%, 7d avg +0.099%

Together, before fees−0.216%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.099%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.94	0.0040	pay 0.0005% / 1h	55m 49s	$110K	$330K	10x
Short	Aster METAUSDT	741.73	0	get 0.0000% / 8h	5h 55m	$467K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$8.46
Price spread: +0.107% → +0.099%: $0.81
Slippage, 4 orders: −$156.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$176.73
Costs to cover: 1.691%
Break-even: never at this rate

Slippage from Arcus: live order book, 8 min ago; Aster: live order book, 7 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 Arcus live order book, 8 min ago	3.17 bp	6.6 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit
Sell Aster live order book, 7 min ago	9.99 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit

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	−0.0081%	1h	741.62	+0.091%	$479K	$549K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.73	+0.107%	$467K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	741.74	+0.107%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.86	+0.124%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.65	+0.096%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.76	+0.111%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.72	+0.105%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.02	+0.146%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	+0.126%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.03	+0.013%	$12K	$431K	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	741.79	+0.115%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.54	+0.081%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.63	+0.093%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.23	+0.174%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.98	+0.140%	$762K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.87	+0.126%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	740.94	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.05	+0.150%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.00	+0.143%	$177K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.78	+0.113%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.00	+0.143%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.34	+0.054%	$703K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	741.78	+0.114%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	741.63	+0.093%	$49K	$81K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	740.37	−0.077%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.78	+0.113%	$1.6M	$502K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.25	−0.093%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.10	+0.157%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.85	+0.123%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0127%	4h	740.45	−0.067%	$62K	$337K	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	742.02	+0.146%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	741.93	+0.134%	$861K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.66	−0.038%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0298%	1h	741.86	+0.124%	$68.5M	$119.8M	20x	as long as short
Phoenix META	+0.0313%	1h	741.60	+0.089%	$478K	$1.1M	20x	as long as short