Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.017%

Price spread now: Aster against Nado+0.198%7-day average +0.107% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1461.458% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.198%, 7d avg +0.107%

Together, before fees+0.075%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.091% dearer against Nado than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.107%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 3 days funding on this pair paid +0.069%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	739.40	0.0026	pay 0.0003% / 1h	50m 50s	$384K	$334K	20x
Short	Aster METAUSDT	740.86	0	get 0.0000% / 8h	7h 50m	$461K	$546K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$5.48
Price spread: +0.198% → +0.107%: $9.07
Slippage, 4 orders: −$130.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$142.17
Costs to cover: 1.458%
Break-even: never at this rate

Slippage from Nado: live order book, 22 min ago; Aster: live order book, 22 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 Nado live order book, 22 min ago	0.41 bp	13.5 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	9.91 bp	22.7 bp −$23	doesn't fit	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	740.01	+0.083%	$327K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	740.86	+0.198%	$461K	$546K	20x
Extended META_24_5-USD	0.0000%	1h	739.66	+0.035%	$552K	$1.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.86	+0.063%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.95	+0.075%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.85	+0.061%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.44	+0.006%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.83	+0.059%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.73	+0.045%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.20	+0.109%	$12K	$486K	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	739.70	+0.041%	$952	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.55	+0.021%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.85	+0.197%	$2.0M	$7K	10x	as long as short
Nado META-PERPlong	+0.0026%	1h	739.40	long leg	$384K	$334K	20x
Lighter RH META	+0.0032%	1h	740.00	+0.082%	$757K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.93	+0.072%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.84	+0.060%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.54	+0.020%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.76	+0.049%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.13	−0.036%	$735K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.72	+0.044%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.81	+0.056%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	739.53	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.11	+0.096%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.02	+0.084%	$1.6M	$412K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.48	+0.011%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.83	+0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.69	+0.040%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0117%	1h	739.70	+0.041%	$67.6M	$121.2M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.097%	$602K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	739.57	+0.024%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.93	+0.343%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.07	+0.091%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.13	+0.099%	$277K	$930K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0345%	1h	739.78	+0.052%	$30K	$253K	10x	as long as short
edgeX METAUSDC	+0.0474%	4h	740.08	+0.092%	$62K	$333K	10x	as long as short