Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%

Price spread now: Extended against Aster+0.044%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.044%, 7d avg −0.093%

Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.137% dearer against Aster than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	746.94	0	get 0.0000% / 8h	15m 13s	$480K	$593K	20x
Short	Extended META_24_5-USD	747.27	0	get 0.0000% / 1h	15m 13s	$548K	$3.4M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.093%: $13.66
Slippage, 4 orders: −$82.69
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$82.03
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from Aster: live order book, 22 min ago; Extended: live order book, 4 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, 22 min ago	13.36 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.54 bp	5.5 bp −$5	20.8 bp −$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	747.50	+0.075%	$334K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	746.94	long leg	$480K	$593K	20x
Extended META_24_5-USDshort	0.0000%	1h	747.27	+0.044%	$548K	$3.4M	17x
Binance METAUSDT	0.0000%	8h	747.40	+0.062%	$25.3M	$188.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.24	+0.040%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.54	+0.080%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.82	−0.016%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.30	+0.048%	$5.6M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	−0.065%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.50	−0.060%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.69	+0.100%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.96	+0.002%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.13	+0.025%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.14	+0.026%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0013%	1h	746.97	+0.003%	$482K	$561K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.00	+0.008%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.84	+0.120%	$795K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.43	−0.069%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.50	+0.075%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	747.38	+0.059%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.91	−0.004%	$568K	$624K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.21	+0.036%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.68	−0.035%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	747.13	+0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.26	+0.042%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.75	−0.025%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.95	+0.001%	$1.6M	$723K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.72	−0.164%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.21	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.18	+0.032%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.24	−0.094%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+0.862%	$176K	$48K	30x	as long as short
Lighter META	+0.0432%	1h	747.95	+0.135%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.74	+0.107%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0569%	1h	747.74	+0.107%	$82.6M	$131.0M	20x	as long as short
edgeX METAUSDC	+0.0745%	4h	746.57	−0.049%	$62K	$346K	10x	as long as short
Phoenix META	+0.0750%	1h	748.05	+0.148%	$799K	$1.5M	20x	as long as short