Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.038%

Price spread now: Variational Omni against Arcus+0.003%7-day average +0.019% · you sell dearer than you buy

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.112%−$11 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.003%, 7d avg +0.019%

Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	744.43	0.0040	pay 0.0005% / 1h	42m 16s	$112K	$339K	10x
Short	Variational Omni META	744.45	0	get 0.0000% / 8h	42m 16s	$2.4M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. 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 ArcusbpFee Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: −$8.46
Price spread: +0.003% → +0.019%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.61
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 61 min ago; Variational Omni: RFQ quote, 2 min ago. 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 Arcus live order book, 61 min ago	2.55 bp	8.0 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.46 bp	doesn't fit	9.0 bp −$90	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	745.13	+0.094%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.52	+0.147%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.24	+0.109%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.52	+0.147%	$25.2M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.11	+0.091%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	+0.130%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.97	+0.073%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.45	+0.137%	$5.5M	$12.3M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	744.45	+0.003%	$2.4M	$3.1M	—
GRVT META_USDT_Perp	0.0000%	8h	744.63	+0.027%	$12K	$438K	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	745.70	+0.171%	$943	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.86	+0.058%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.71	+0.038%	$107K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.89	+0.062%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.30	+0.117%	$2.2M	$13.9M	10x	as long as short
Nado META-PERP	+0.0037%	1h	744.77	+0.045%	$480K	$560K	20x	as long as short
Lighter RH META	+0.0040%	1h	745.64	+0.163%	$789K	$3.1M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	744.43	long leg	$112K	$339K	10x
Vest META-USD-PERP	+0.0046%	1h	745.58	+0.154%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.15	+0.097%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.33	+0.121%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.90	−0.071%	$728K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	745.12	+0.093%	—	—	5x	as long as short
Popdex METAUSDT	+0.0056%	1h	745.58	+0.154%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.48	+0.141%	$47K	$88K	10x	as long as short
Pacifica META	+0.0100%	1h	745.20	+0.103%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.04	+0.082%	$1.6M	$714K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.060%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.14	+0.095%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.02	+0.079%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.39	−0.005%	$643K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.279%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	744.96	+0.071%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	745.67	+0.167%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0484%	4h	744.08	−0.048%	$62K	$345K	10x	as long as short
tradeXYZ xyz:META	+0.0543%	1h	745.83	+0.188%	$81.0M	$129.7M	20x	as long as short
Phoenix META	+0.0750%	1h	745.72	+0.173%	$796K	$1.5M	20x	as long as short