Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.065%

Price spread now: Aster against Injective+0.182%7-day average −0.209% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1751.752% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.461%−$46 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.182%, 7d avg −0.209%

Together, before fees−0.761%+ Points / potential airdropAster: Stage 5 · farm board−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.391% dearer against Injective than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of −0.209%): +$39 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	744.78	0.0220	pay 0.0028% / 1h	23m 20s	$172K	$48K	30x
Short	Aster METAUSDT	746.13	0	get 0.0000% / 8h	3h 23m	$470K	$577K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$46.2
Price spread: +0.182% → −0.209%: $39.09
Slippage, 4 orders: −$167.23
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$182.36
Costs to cover: 1.752%
Break-even: never at this rate

Slippage from Injective: live order book, 30 min ago; Aster: live order book, 29 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 Injective live order book, 30 min ago	17.58 bp	17.6 bp −$18	9881.6 bp −$98.8K	doesn't fit	doesn't fit
Sell Aster live order book, 29 min ago	13.36 bp	26.7 bp −$27	63.5 bp −$635	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	746.55	+0.238%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	745.71	+0.124%	$482K	$554K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	746.13	+0.182%	$470K	$577K	20x
Extended META_24_5-USD	0.0000%	1h	746.20	+0.191%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.40	+0.218%	$28.5M	$182.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.35	+0.211%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.14	+0.183%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.50	+0.097%	$379K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	745.90	+0.150%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.70	+0.124%	$12K	$453K	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	745.95	+0.157%	$778	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.98	+0.161%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.49	+0.230%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.85	+0.278%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0010%	8h	746.17	+0.187%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.75	+0.265%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.62	+0.113%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.47	+0.227%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.78	+0.134%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.15	+0.184%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.98	+0.027%	$786K	$4.6M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.92	+0.153%	—	—	5x	as long as short
QFEX META-USD	+0.0058%	1h	746.06	+0.172%	$2.2M	$13.8M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.14	+0.182%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.19	+0.189%	$1.6M	$616K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.69	+0.122%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.40	+0.218%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.33	+0.208%	$269	—	10x	as long as short
Popdex METAUSDT	+0.0112%	1h	746.06	+0.172%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.64	+0.115%	$635K	$7.5M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	744.78	long leg	$172K	$48K	30x
Hotstuff META-PERP	+0.0240%	1h	745.40	+0.083%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	746.71	+0.259%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0318%	1h	746.29	+0.203%	$70.4M	$121.0M	20x	as long as short
Phoenix META	+0.0633%	1h	746.69	+0.256%	$797K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0637%	4h	746.10	+0.177%	$62K	$337K	10x	as long as short