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 +0.003%

Price spread now: Variational Omni against Bybit+0.015%7-day average +0.015% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.015%, 7d avg +0.015%

Together, before fees+0.035%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.32	0	get 0.0000% / 8h	2h 25m	$7.4M	$13.9M	100x
Short	Variational Omni META	740.43	0	get 0.0000% / 8h	2h 25m	$1.6M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.015%: $0.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.99
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Bybit live order book, 3 min ago	1.22 bp	10.4 bp −$10	19.3 bp −$193	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.46 bp	doesn't fit	24.0 bp −$240	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
Nado META-PERP	−0.0129%	1h	740.38	+0.008%	$398K	$316K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.24	−0.011%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.90	+0.078%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.30	−0.003%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.37	+0.007%	$26.8M	$177.4M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	740.32	long leg	$7.4M	$13.9M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.23	−0.012%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.88	−0.059%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.35	+0.004%	$5.7M	$11.0M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	740.43	+0.015%	$1.6M	$2.5M	—

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.29	−0.004%	$12K	$529K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.79	+0.063%	$876	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.40	+0.011%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.24	−0.011%	$105K	$282K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.31	−0.001%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.19	−0.018%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.62	+0.041%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.64	+0.043%	$740K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0040%	1h	740.48	+0.022%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.17	−0.020%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.96	+0.086%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.37	+0.007%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.52	+0.027%	$68.5M	$120.3M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.53	+0.028%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.30	−0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.32	0.000%	$639K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	740.26	−0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.00	+0.091%	$45K	$60K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.008%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.53	+0.028%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.42	+0.014%	$1.6M	$352K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.35	+0.004%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.50	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.37	+0.007%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0167%	4h	740.30	−0.002%	$62K	$328K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.001%	$168K	$46K	30x	as long as short