META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against Orderly−0.028%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.028% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_META_USDC_mythos	741.34	0.0100	pay 0.0100% / 8h	5h 34m	$1K	$24	10x
Short	Variational Omni META	741.13	0	get 0.0000% / 8h	5h 34m	$2.3M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. 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 OrderlybpFee Variational OmnibpOrdersPrice spread, now −0.028%Rate

Funding earned: −$21
Price spread: −0.028% → 0.000%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.83
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: 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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.03 bp	doesn't fit	19.5 bp −$195	doesn't fit	doesn't fit

Orderly: 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	741.41	+0.009%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0037%	1h	740.90	−0.059%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.65	+0.041%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.18	−0.021%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.39	+0.007%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.38	+0.005%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.35	+0.001%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.01	−0.045%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.43	+0.012%	$5.6M	$11.4M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	741.13	−0.028%	$2.3M	$3.1M	—

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	741.23	−0.015%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.33	−0.001%	$950	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.86	−0.065%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.24	−0.013%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.40	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.69	+0.047%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.18	−0.022%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.81	−0.071%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.52	+0.024%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.43	+0.012%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.18	−0.022%	$558K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.36	+0.003%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.109%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.16	−0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	742.15	+0.109%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.065%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.55	+0.028%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.43	−0.123%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	741.34	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	741.22	−0.016%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.294%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.56	+0.030%	$861K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	741.46	+0.016%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0340%	1h	741.47	+0.018%	$69.2M	$120.1M	20x	as long as short
edgeX METAUSDC	+0.0464%	4h	741.05	−0.039%	$62K	$336K	10x	as long as short
Phoenix META	+0.0496%	1h	741.90	+0.076%	$526K	$1.1M	20x	as long as short