Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.023%

Price spread now: Variational Omni against Deribit+0.068%7-day average +0.051% · you sell dearer than you buy

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.068%, 7d avg +0.051%

Together, before fees−0.099%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	743.58	−0.0073	get 0.0009% / 1h	35m 20s	$34K	$274K	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 Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now +0.068%Rate

Funding earned: $15.26
Price spread: +0.068% → +0.051%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.9
Costs to cover: 0.070%
Break-even: 2.5 days

Slippage unknown: Deribit: live order book, 8 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 Deribit live order book, 8 min ago	0.07 bp	3.6 bp −$4	5.2 bp −$52	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	744.07	+0.066%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUALlong	−0.0073%	1h	743.58	long leg	$34K	$274K	10x
Nado META-PERP	−0.0027%	1h	743.78	+0.027%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.06	+0.199%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.84	+0.034%	$552K	$2.1M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.01	+0.058%	$25.1M	$187.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.86	+0.038%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.10	+0.070%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.73	+0.020%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.13	+0.074%	$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	+0.068%	$2.4M	$3.3M	—
GRVT META_USDT_Perp	0.0000%	8h	744.20	+0.084%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.02	+0.059%	$686	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.82	+0.032%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.34	+0.102%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.01	+0.058%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.45	+0.117%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.09	+0.069%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.61	+0.139%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.14	+0.075%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.83	+0.034%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.03	+0.061%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.67	+0.012%	$710K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	743.94	+0.048%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.01	+0.193%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.21	+0.085%	$1.6M	$677K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.50	−0.011%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.11	+0.071%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.88	+0.040%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.27	+0.093%	$647K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.680%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.53	+0.128%	$33K	$105	20x	as long as short
Lighter META	+0.0376%	1h	744.59	+0.136%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0512%	1h	744.45	+0.117%	$77.2M	$127.4M	20x	as long as short
edgeX METAUSDC	+0.0548%	4h	744.17	+0.079%	$62K	$343K	10x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.363%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.08	+0.067%	—	—	—	as long as short