Funding arb · Price arb /

META

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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 +0.024%

Price spread now: Variational Omni against Bitget−0.076%7-day average −0.005% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 7 days+0.077%+$8 · spread now −0.076%, 7d avg −0.005%

Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 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 0.071% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	742.62	0	get 0.0000% / 8h	57m 45s	$5.8M	$11.3M	100x
Short	Variational Omni META	742.05	0	get 0.0000% / 8h	57m 45s	$2.1M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.005%: −$7.12
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.12
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Bitget live order book, 1 min ago	0.81 bp	9.8 bp −$10	15.0 bp −$150	22.0 bp −$2,199	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.46 bp	doesn't fit	10.6 bp −$106	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	742.39	−0.031%	$281K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.70	+0.011%	$459K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.53	−0.012%	$549K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.63	+0.001%	$27.2M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.47	−0.020%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.59	−0.004%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.05	−0.077%	$344K	$5.5M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	742.62	long leg	$5.8M	$11.3M	100x
Variational Omni METAshort	0.0000%	8h	742.05	−0.076%	$2.1M	$3.1M	—
GRVT META_USDT_Perp	0.0000%	8h	742.20	−0.057%	$12K	$490K	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	742.44	−0.024%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.30	−0.043%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.28	−0.046%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0022%	1h	741.96	−0.088%	$391K	$329K	20x	as long as short
QFEX META-USD	+0.0027%	1h	742.43	−0.026%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.83	+0.028%	$761K	$3.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0033%	1h	742.35	−0.036%	$30K	$257K	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.02	−0.081%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.71	+0.012%	—	$9K	25x	as long as short
SoDEX META-USD	+0.0050%	1h	742.49	−0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.84	−0.105%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	742.28	−0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	742.91	+0.039%	$52K	$72K	10x	as long as short
Phoenix META	+0.0065%	1h	742.20	−0.057%	$291K	$791K	20x	as long as short
Polymarket Perps META-USD	+0.0067%	1h	742.66	+0.005%	$542K	$840K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	742.60	−0.003%	$178K	$201K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.12	−0.067%	$606K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.37	−0.034%	$1.6M	$373K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.72	−0.121%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.59	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.46	−0.021%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	742.42	−0.027%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	742.89	+0.036%	$864K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.75	−0.117%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0274%	1h	742.72	+0.013%	$67.5M	$122.1M	20x	as long as short
edgeX METAUSDC	+0.0730%	4h	742.26	−0.048%	$62K	$332K	10x	as long as short