Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%
Price spread now: Variational Omni against Ondo Perps+0.030%51s7-day average +0.079% · 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)−0.035%−$4 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now +0.030%, 7d avg +0.079%
=Together, before fees−0.001%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.049% cheaper against Ondo Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.079%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps META-USD.P | 740.40 | 0.0050 | pay 0.0006% / 1h | 29m 46s | $639K | $4.1M | 10x |
| Short | Variational Omni META | 740.62 | 0 | get 0.0000% / 8h | 1h 29m | $1.6M | $2.6M | — |
Ondo Perps META-USD.P
Variational Omni METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Ondo Perps. 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
- −$10.58
- Price spread: +0.030% → +0.079%
- −$4.91
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.49
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 2.46 bp | doesn't fit | 14.9 bp −$149 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 740.85 | +0.061% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0081% | 1h | 740.95 | +0.075% | $395K | $317K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 741.63 | +0.167% | $458K | $536K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.99 | +0.079% | $548K | $1.5M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 741.21 | +0.109% | $26.9M | $178.0M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 741.31 | +0.123% | $7.5M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 741.20 | +0.108% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.64 | +0.032% | $329K | $5.4M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 741.28 | +0.119% | $5.8M | $11.0M | 100x | as long as short |
| Variational Omni METAshort | 0.0000% | 8h | 740.62 | +0.030% | $1.6M | $2.6M | — |
BloFin META-USDT
Nado 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.39 | −0.002% | $12K | $506K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 741.25 | +0.115% | $957 | $9.5M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.67 | +0.036% | $105K | $283K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 741.02 | +0.084% | $2.0M | $7K | 10x | as long as short |
| QFEX META-USD | +0.0003% | 1h | 740.82 | +0.057% | $2.2M | $14.3M | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0006% | 1h | 741.15 | +0.101% | $30K | $256K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 741.35 | +0.128% | $744K | $3.2M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.51 | +0.015% | $110K | $481K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 741.47 | +0.145% | — | $9K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 741.01 | +0.082% | $178K | $201K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 741.05 | +0.088% | $541K | $840K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.88 | +0.065% | $24K | $3K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0050% | 8h | 740.85 | +0.061% | — | — | 5x | as long as short |
| Ondo Perps META-USD.Plong | +0.0050% | 1h | 740.40 | long leg | $639K | $4.1M | 10x | |
| Aftermath Perps METAUSD | +0.0054% | 1h | 741.16 | +0.103% | $49K | $63K | 10x | as long as short |
| Lighter META | +0.0064% | 1h | 741.34 | +0.127% | $862K | $2.5M | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0064% | 1h | 740.91 | +0.069% | $606K | $7.4M | 10x | as long as short |
| Phoenix META | +0.0065% | 1h | 740.67 | +0.036% | $291K | $791K | 20x | as long as short |
| tradeXYZ xyz:META | +0.0099% | 1h | 741.41 | +0.136% | $68.4M | $120.7M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 741.06 | +0.089% | $1.6M | $363K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.52 | +0.016% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 741.00 | +0.081% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.88 | +0.065% | $267 | — | 10x | as long as short |
| Hotstuff META-PERP | +0.0136% | 1h | 741.07 | +0.090% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.58 | +0.024% | $169K | $46K | 30x | as long as short |
| edgeX METAUSDC | +0.0246% | 4h | 740.42 | +0.003% | $62K | $331K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Deribit META_USDC-PERPETUAL
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Lighter META
Coinbase International META-PERP-INTX
Phoenix META
tradeXYZ xyz:META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Hotstuff META-PERP
Injective META/USDC PERP
edgeX METAUSDC