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 +0.027%

Price spread now: Variational Omni against Gate+0.092%7-day average +0.044% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.092%, 7d avg +0.044%

Together, before fees−0.052%+ Points / potential airdropVariational Omni: Active · farm board−$5 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 0.047% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	739.77	0	get 0.0000% / 8h	1h 43m	$321K	$5.4M	100x
Short	Variational Omni META	740.45	0	get 0.0000% / 8h	1h 43m	$1.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.044%: $4.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.26
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, just now; 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 Gate live order book, just now	7.64 bp	16.1 bp −$16	33.0 bp −$330	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.46 bp	doesn't fit	17.7 bp −$177	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	740.31	+0.073%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.10	+0.044%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.90	+0.153%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.12	+0.047%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.27	+0.067%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.19	+0.057%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.10	+0.045%	$6.0M	$13.1M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	739.77	long leg	$321K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	740.22	+0.061%	$5.8M	$11.0M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	740.45	+0.092%	$1.6M	$2.6M	—

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	740.60	+0.112%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.57	+0.108%	$630	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.08	+0.042%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.16	+0.053%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.101%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.14	+0.050%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.49	+0.097%	$743K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0040%	1h	740.32	+0.074%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.01	+0.032%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.63	+0.116%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.22	+0.061%	$177K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.32	+0.074%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.23	+0.062%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.03	+0.035%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.34	+0.077%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.97	+0.163%	$48K	$62K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.153%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.46	+0.093%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	740.47	+0.095%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.23	+0.062%	$1.6M	$359K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.17	+0.054%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.070%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.13	+0.049%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0134%	1h	740.36	+0.080%	$68.4M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.38	+0.082%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0903%	4h	740.43	+0.089%	$62K	$331K	10x	as long as short