Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.011%

Price spread now: Variational Omni against SoDEX+0.020%7-day average — · you sell dearer than you buy

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

Long on SoDEX 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

The price spread pays, funding is against you. Variational Omni is 0.020% dearer against SoDEX than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	741.58	0.0050	pay 0.0006% / 1h	26m 07s	$24K	$3K	10x
Short	Variational Omni META	741.73	0	get 0.0000% / 8h	26m 07s	$2.3M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.020%Rate

Funding earned: −$10.5
Price spread: +0.020% → 0.000%: $2.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.48
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 3 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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	2.46 bp	doesn't fit	15.5 bp −$155	doesn't fit	doesn't fit

SoDEX: 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	741.75	+0.023%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0033%	1h	741.33	−0.033%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.42	−0.022%	$456K	$539K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.57	−0.002%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.65	+0.010%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.44	−0.019%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.67	+0.012%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.27	−0.042%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.50	−0.011%	$5.6M	$11.4M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	741.73	+0.020%	$2.3M	$3.2M	—

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	742.25	+0.090%	$12K	$480K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.42	−0.022%	$721	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.63	+0.007%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.30	+0.097%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.72	+0.019%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.65	+0.009%	$755K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.40	−0.024%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.82	+0.032%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.67	+0.012%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.64	+0.008%	$546K	$845K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	741.58	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	741.09	−0.066%	$760K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	741.44	−0.019%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	742.51	+0.126%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.41	−0.023%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.61	+0.004%	$1.6M	$385K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.76	+0.024%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.79	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.61	+0.004%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	742.09	+0.069%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0160%	1h	741.67	+0.012%	$33K	$105	20x	as long as short
Lighter META	+0.0200%	1h	741.67	+0.012%	$856K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.375%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0251%	1h	741.49	−0.012%	$67.7M	$122.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0303%	1h	741.31	−0.036%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0994%	4h	742.29	+0.096%	$62K	$334K	10x	as long as short