Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.026%

Price spread now: Hotstuff against Aster−0.080%52s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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 · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.080% cheaper against Aster than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$8 a day). The two prices were read 52 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	Aster METAUSDT	740.93	0	get 0.0000% / 8h	7h 55m	$461K	$543K	20x
Short	Hotstuff META-PERP	740.33	0.0256	get 0.0032% / 1h	55m 43s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.080%Rate

Funding earned: $53.76
Price spread: −0.080% → 0.000%: −$8.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $32.73
Costs to cover: 0.130%
Break-even: 2.7 days

Slippage unknown: Aster: live order book, 17 min ago; Hotstuff: no order-book sample. 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 Aster live order book, 17 min ago	9.91 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 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	740.72	−0.028%	$327K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	740.93	long leg	$461K	$543K	20x
Extended META_24_5-USD	0.0000%	1h	740.31	−0.083%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.33	−0.080%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.36	−0.076%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.11	−0.110%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.19	−0.099%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.36	−0.076%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	−0.057%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.01	+0.011%	$12K	$482K	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	740.75	−0.024%	$696	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.21	−0.097%	$30K	$254K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.27	−0.088%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	−0.001%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0003%	1h	740.14	−0.106%	$384K	$332K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.49	−0.059%	$760K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.81	−0.016%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.51	−0.056%	$178K	$194K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	−0.065%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.54	−0.187%	$746K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.56	−0.049%	$2.2M	$14.3M	10x	as long as short
Arcus META-USD	+0.0063%	1h	740.50	−0.057%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	740.20	−0.098%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	740.86	−0.008%	$50K	$77K	10x	as long as short
Polymarket Perps META-USD	+0.0080%	1h	740.32	−0.082%	$558K	$857K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	−0.040%	$1.6M	$409K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.065%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.51	−0.056%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.23	−0.094%	$266	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.011%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	−0.055%	$608K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.083%	$168K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0222%	1h	740.13	−0.107%	$67.7M	$122.9M	20x	as long as short
Lighter META	+0.0248%	1h	740.62	−0.041%	$858K	$2.4M	20x	as long as short
Hotstuff META-PERPshort	+0.0256%	1h	740.33	−0.080%	$33K	$105	20x
edgeX METAUSDC	+0.0910%	4h	740.71	−0.029%	$62K	$335K	10x	as long as short