Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Variational Omni against HTX+0.095%7-day average +0.009% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.095%, 7d avg +0.009%

Together, before fees−0.240%+ Points / potential airdropVariational Omni: Active · farm board−$24 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 0.085% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	744.55	0	get 0.0000% / 8h	3h 59m	$106K	$301K	30x
Short	Variational Omni META	745.25	0	get 0.0000% / 8h	3h 59m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.009%: $8.54
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.46
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 58 min ago; Variational Omni: RFQ quote, 5 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 HTX live order book, 58 min ago	2.69 bp	10.0 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.46 bp	doesn't fit	11.4 bp −$114	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	744.49	−0.008%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.11	−0.060%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.33	−0.029%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.56	+0.001%	$28.5M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.44	−0.015%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.29	−0.035%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.18	−0.050%	$366K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.52	−0.004%	$5.4M	$11.8M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	745.25	+0.095%	$2.4M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	744.97	+0.057%	$12K	$448K	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	744.48	−0.009%	$993	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.08	−0.063%	$31K	$246K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	744.55	long leg	$106K	$301K	30x
Phemex METAUSDT	0.0000%	4h	745.20	+0.087%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0010%	1h	744.08	−0.063%	$481K	$553K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.84	+0.039%	$781K	$3.1M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.32	−0.031%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.27	−0.038%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.63	+0.011%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.24	−0.042%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.40	−0.020%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.82	−0.098%	$819K	$4.6M	10x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	745.02	+0.062%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.64	+0.012%	$1.6M	$560K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.01	−0.073%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.49	−0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.37	−0.024%	$268	—	10x	as long as short
Paradex META-USD-PERP	+0.0105%	8h	744.53	−0.003%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.19	−0.048%	$616K	$7.3M	10x	as long as short
Popdex METAUSDT	+0.0160%	1h	744.46	−0.012%	$179K	$199K	20x	as long as short
Hotstuff META-PERP	+0.0200%	1h	744.88	+0.044%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.42	+0.385%	$172K	$48K	30x	as long as short
Lighter META	+0.0296%	1h	744.64	+0.012%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0319%	1h	744.57	+0.003%	$69.8M	$120.9M	20x	as long as short
Phoenix META	+0.0591%	1h	745.84	+0.173%	$737K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	745.16	+0.082%	$62K	$338K	10x	as long as short