Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Variational Omni against Aster−0.043%7-day average −0.083% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.043%, 7d avg −0.083%

Together, before fees−0.032%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.040% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.73	0	get 0.0000% / 8h	6m 45s	$457K	$540K	20x
Short	Variational Omni META	741.41	0	get 0.0000% / 8h	6m 45s	$2.3M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.083%: $3.97
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.03
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 6 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 Aster live order book, 6 min ago	9.91 bp	99.0 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.45 bp	doesn't fit	17.7 bp −$177	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	741.65	−0.010%	$327K	$1.1M	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.73	long leg	$457K	$540K	20x
Extended META_24_5-USD	0.0000%	1h	741.45	−0.038%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.60	−0.017%	$27.4M	$180.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.34	−0.052%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.46	−0.036%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.03	−0.094%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.51	−0.029%	$5.6M	$11.4M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	741.41	−0.043%	$2.3M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	741.61	−0.016%	$12K	$483K	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	741.45	−0.037%	$781	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.45	−0.037%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.65	−0.010%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0011%	1h	740.97	−0.102%	$385K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.50	−0.031%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.72	−0.001%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.16	−0.077%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.46	−0.036%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.49	−0.032%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.42	−0.041%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.45	−0.037%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.70	−0.139%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	741.40	−0.044%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	742.12	+0.052%	$50K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	−0.051%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.51	−0.029%	$1.6M	$401K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.71	−0.137%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.68	−0.006%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.52	−0.028%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.48	−0.033%	$291K	$797K	20x	as long as short
edgeX METAUSDC	+0.0157%	4h	741.56	−0.022%	$62K	$332K	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	741.42	−0.041%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.250%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0268%	1h	741.39	−0.046%	$67.8M	$122.6M	20x	as long as short
Lighter META	+0.0272%	1h	741.79	+0.008%	$859K	$2.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0465%	1h	741.42	−0.041%	$30K	$258K	10x	as long as short