Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against Binance−0.145%7-day average −0.012% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.073%+$7 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.145%, 7d avg −0.012%

Together, before fees+0.204%+ Points / potential airdropVariational Omni: Active · farm board+$20 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 0.133% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	745.53	0	get 0.0000% / 8h	41m 33s	$25.1M	$188.5M	20x
Short	Variational Omni META	744.45	0	get 0.0000% / 8h	41m 33s	$2.4M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.012%: −$13.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Binance live order book, 2 min ago	0.20 bp	6.0 bp −$6	12.6 bp −$126	37.6 bp −$3,762	doesn't fit
Sell Variational Omni RFQ quote, 3 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	−0.054%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.46	−0.010%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.41	−0.016%	$548K	$3.4M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	745.53	long leg	$25.1M	$188.5M	20x
Bybit METAUSDT	0.0000%	8h	745.36	−0.023%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.76	+0.031%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.14	−0.052%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.59	+0.008%	$5.5M	$12.3M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	744.45	−0.145%	$2.4M	$3.1M	—
GRVT META_USDT_Perp	0.0000%	8h	744.63	−0.121%	$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	+0.023%	$943	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.86	−0.090%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.20	−0.044%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.22	−0.042%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.55	+0.003%	$2.2M	$13.9M	10x	as long as short
Nado META-PERP	+0.0037%	1h	745.20	−0.045%	$480K	$560K	20x	as long as short
Lighter RH META	+0.0040%	1h	745.85	+0.043%	$789K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.70	−0.111%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.58	+0.007%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.15	−0.051%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.33	−0.027%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.22	−0.042%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.55	+0.002%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	745.52	−0.001%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.48	−0.007%	$47K	$88K	10x	as long as short
Pacifica META	+0.0100%	1h	744.97	−0.075%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.09	−0.059%	$1.6M	$715K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.208%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.14	−0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.02	−0.068%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.39	−0.153%	$643K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.131%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	745.94	+0.055%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	746.03	+0.067%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0495%	4h	744.81	−0.097%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0544%	1h	746.01	+0.064%	$81.0M	$129.7M	20x	as long as short
Phoenix META	+0.0750%	1h	745.72	+0.025%	$796K	$1.5M	20x	as long as short