Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.020%

Price spread now: Popdex against Aster−0.063%7-day average −0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Aster Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.063%, 7d avg −0.054%

Together, before fees+0.249%+ Points / potential airdropAster: Stage 5 · farm board+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.00	0	get 0.0000% / 8h	5h 47m	$492K	$628K	20x
Short	Popdex METAUSDT	740.53	0.0120	get 0.0015% / 1h	47m 46s	$178K	$200K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.063%Rate

Funding earned: $25.2
Price spread: −0.063% → −0.054%: −$0.98
Slippage, 4 orders: −$74.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$65.16
Costs to cover: 0.894%
Break-even: 25.1 days

Slippage from Aster: live order book, 63 min ago; Popdex: live order book, 64 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, 63 min ago	8.59 bp	66.8 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 64 min ago	0.67 bp	5.0 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.40	+0.189%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0113%	8h	740.93	−0.009%	$339K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.00	long leg	$492K	$628K	20x
Extended META_24_5-USD	0.0000%	1h	740.65	−0.048%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.96	−0.005%	$25.8M	$192.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.48	−0.070%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.58	−0.057%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.65	−0.047%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.78	−0.030%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.83	+0.111%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.36	+0.184%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.03	+0.004%	$992	$7.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.67	−0.045%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.30	+0.040%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0007%	1h	740.36	−0.086%	$36K	$257K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.06	+0.008%	$861K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.47	−0.072%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.71	−0.039%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.93	−0.009%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.30	−0.094%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.61	−0.053%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.69	−0.042%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.83	−0.023%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.26	−0.100%	$648K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.26	+0.036%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	740.97	−0.003%	$605	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.79	−0.028%	$1.6M	$879K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.45	+0.061%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.67	−0.045%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.50	−0.067%	$267	—	10x	as long as short
Popdex METAUSDTshort	+0.0120%	1h	740.53	−0.063%	$178K	$200K	20x
Nado META-PERP	+0.0127%	1h	740.46	−0.073%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.371%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	740.90	−0.013%	$86.0M	$135.4M	20x	as long as short
Lighter META	+0.0376%	1h	741.08	+0.011%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	743.01	+0.271%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	742.11	+0.150%	$62K	$349K	10x	as long as short