META

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.012%

Price spread now: Variational Omni against Polymarket Perps+0.011%7-day average +0.059% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.050%−$5 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.011%, 7d avg +0.059%

Together, before fees−0.128%+ Points / potential airdropVariational Omni: Active · farm board−$13 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 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	740.55	0.0050	pay 0.0006% / 1h	34m 18s	$541K	$840K	10x
Short	Variational Omni META	740.63	0	get 0.0000% / 8h	1h 34m	$1.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. 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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.011%Rate

Funding earned: −$10.5
Price spread: +0.011% → +0.059%: −$4.81
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.31
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 49 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 Polymarket Perps live order book, 49 min ago	1.89 bp	7.2 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.46 bp	doesn't fit	20.7 bp −$207	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	740.24	−0.042%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0068%	1h	740.47	−0.011%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.10	+0.075%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.043%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.36	−0.026%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.43	−0.016%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.038%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.91	−0.086%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.018%	$5.8M	$11.0M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	740.63	+0.011%	$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	740.67	+0.017%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.46	−0.012%	$666	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.34	−0.028%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.65	−0.122%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	−0.004%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.019%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.024%	$743K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.05	−0.068%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.11	+0.076%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.36	−0.026%	$178K	$201K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	740.55	long leg	$541K	$840K	10x
SoDEX META-USD	+0.0050%	1h	740.36	−0.026%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.27	−0.038%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.13	−0.057%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	741.00	+0.061%	$49K	$63K	10x	as long as short
edgeX METAUSDC	+0.0058%	4h	740.42	−0.018%	$62K	$330K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.35	−0.027%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.030%	$291K	$791K	20x	as long as short
Lighter META	+0.0080%	1h	740.69	+0.019%	$861K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.47	−0.011%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.089%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.49	−0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.36	−0.025%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0115%	1h	740.55	0.000%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.28	−0.036%	$168K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	740.50	−0.007%	$33K	$105	20x	as long as short