Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.002%
Price spread now: Variational Omni against KuCoin+0.006%7-day average +0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.062%−$6 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now +0.006%, 7d avg +0.060%
=Together, before fees−0.010%+ Points / potential airdropVariational Omni: Active · farm board−$1 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 0.054% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin METAUSDTM | 740.42 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $1.6M | $354K | 20x |
| Short | Variational Omni META | 740.46 | 0 | get 0.0000% / 8h | 2h 04m | $1.6M | $2.5M | — |
KuCoin METAUSDTM
Variational Omni METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.006% → +0.060%
- −$5.44
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$38.44
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 4.05 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 2.46 bp | doesn't fit | 23.1 bp −$231 | 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 | 740.30 | −0.016% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0106% | 1h | 740.46 | +0.005% | $397K | $317K | 20x | as long as short |
| Hotstuff META-PERP | −0.0048% | 1h | 740.78 | +0.049% | $33K | $105 | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.99 | +0.077% | $457K | $536K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.39 | −0.004% | $548K | $1.5M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.44 | +0.003% | $26.9M | $177.5M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.42 | 0.000% | $7.4M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.56 | +0.019% | $6.0M | $13.1M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.18 | −0.032% | $318K | $5.4M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.55 | +0.018% | $5.8M | $11.0M | 100x | as long as short |
BloFin META-USDT
Nado META-PERP
Hotstuff META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni METAshort | 0.0000% | 8h | 740.46 | +0.006% | $1.6M | $2.5M | — | |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.42 | 0.000% | $12K | $521K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.90 | +0.065% | $911 | $9.5M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 740.56 | +0.019% | $30K | $256K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.28 | −0.019% | $105K | $283K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.50 | +0.011% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0012% | 1h | 740.50 | +0.011% | $2.2M | $14.2M | 10x | as long as short |
| Lighter META | +0.0032% | 1h | 740.71 | +0.039% | $859K | $2.6M | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.82 | +0.054% | $748K | $3.2M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.31 | −0.015% | $263K | $313K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 741.06 | +0.086% | — | $9K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.48 | +0.008% | $178K | $201K | 20x | as long as short |
| tradeXYZ xyz:META | +0.0050% | 1h | 740.72 | +0.041% | $68.5M | $120.5M | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.64 | +0.030% | $541K | $840K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.48 | +0.008% | $24K | $3K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0050% | 8h | 740.41 | −0.001% | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 740.26 | −0.022% | $641K | $4.0M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0052% | 1h | 740.99 | +0.077% | $45K | $61K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0080% | 1h | 740.26 | −0.022% | $607K | $7.3M | 10x | as long as short |
| Phoenix META | +0.0097% | 1h | 740.71 | +0.039% | $291K | $782K | 20x | as long as short |
| KuCoin METAUSDTMlong | +0.0100% | 8h | 740.42 | long leg | $1.6M | $354K | 20x | |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.43 | +0.001% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.47 | +0.007% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.38 | −0.006% | $267 | — | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.29 | −0.018% | $168K | $46K | 30x | as long as short |
| edgeX METAUSDC | +0.0401% | 4h | 740.46 | +0.006% | $62K | $329K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter META
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
tradeXYZ xyz:META
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Ondo Perps META-USD.P
Aftermath Perps METAUSD
Coinbase International META-PERP-INTX
Phoenix META
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Injective META/USDC PERP
edgeX METAUSDC