Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Aster−0.093%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1801.802% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.093%, 7d avg −0.121%

Together, before fees+0.175%+ Points / potential airdropAster: Stage 5 · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.027% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	740.88	0	get 0.0000% / 8h	7h 52m	$461K	$545K	20x
Short	ApeX Omni METAUSDT	740.19	0.0100	get 0.0013% / 1h	52m 50s	$166K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.093%Rate

Funding earned: $21
Price spread: −0.093% → −0.121%: $2.73
Slippage, 4 orders: −$162.24
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$156.51
Costs to cover: 1.802%
Break-even: 59.2 days

Slippage from Aster: live order book, 20 min ago; ApeX Omni: live order book, 18 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 Aster live order book, 20 min ago	9.91 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	2.63 bp	39.9 bp −$40	658.5 bp −$6,585	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	740.22	−0.089%	$327K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	740.88	long leg	$461K	$545K	20x
Extended META_24_5-USD	0.0000%	1h	740.02	−0.116%	$552K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.24	−0.087%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.28	−0.081%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.20	−0.092%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.78	−0.149%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.14	−0.100%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	−0.051%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.74	−0.019%	$12K	$484K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.04	−0.114%	$850	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.07	−0.110%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.005%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0016%	1h	739.78	−0.148%	$384K	$334K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.32	−0.076%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	−0.077%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.21	−0.091%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	−0.126%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	−0.108%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.205%	$746K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.99	−0.120%	$2.2M	$14.2M	10x	as long as short
Hotstuff META-PERP	+0.0056%	1h	739.80	−0.146%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	740.08	−0.108%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	739.81	−0.145%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.59	−0.039%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.25	−0.085%	$1.6M	$411K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	740.19	−0.093%	$166K	$73K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.19	−0.093%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.01	−0.117%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0122%	1h	740.02	−0.116%	$67.7M	$121.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0129%	1h	739.93	−0.128%	$30K	$253K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	−0.104%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.077%	$168K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.38	−0.068%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.67	−0.029%	$287K	$930K	20x	as long as short
edgeX METAUSDC	+0.0751%	4h	740.87	−0.002%	$62K	$332K	10x	as long as short