META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.004%

Price spread now: Variational Omni against Coinbase International−0.025%7-day average +0.095% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.025%, 7d avg +0.095%

Together, before fees+0.107%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.120% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.095%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	744.27	0.0104	pay 0.0013% / 1h	35m 11s	$647K	$7.9M	10x
Short	Variational Omni META	744.08	0	get 0.0000% / 8h	1h 35m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: −$21.84
Price spread: −0.025% → +0.095%: −$11.98
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$43.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	3.29 bp	8.5 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.88 bp	doesn't fit	13.0 bp −$130	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	744.05	−0.030%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0073%	1h	743.58	−0.093%	$34K	$274K	10x	as long as short
Nado META-PERP	−0.0027%	1h	743.78	−0.066%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.02	+0.101%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.84	−0.058%	$552K	$2.1M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.03	−0.032%	$25.1M	$187.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.87	−0.054%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.10	−0.023%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.54	−0.098%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.13	−0.019%	$5.6M	$12.3M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni METAshort	0.0000%	8h	744.08	−0.025%	$2.4M	$3.3M	—
GRVT META_USDT_Perp	0.0000%	8h	744.20	−0.009%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.02	−0.034%	$686	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.82	−0.060%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.34	+0.009%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.01	−0.035%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.41	+0.019%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.09	−0.024%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.61	+0.046%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.14	−0.017%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.83	−0.059%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.03	−0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.67	−0.081%	$710K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	743.94	−0.044%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.01	+0.100%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.20	−0.009%	$1.6M	$677K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.50	−0.103%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.11	−0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.88	−0.053%	$268	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	744.27	long leg	$647K	$7.9M	10x
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.587%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.53	+0.035%	$33K	$105	20x	as long as short
Lighter META	+0.0376%	1h	744.58	+0.042%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0511%	1h	744.57	+0.040%	$77.2M	$127.4M	20x	as long as short
edgeX METAUSDC	+0.0548%	4h	744.17	−0.014%	$62K	$343K	10x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.270%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.08	−0.026%	—	—	—	as long as short