Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.005%

Price spread now: Aevo against Variational Omni+0.077%48s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.077% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Variational Omni META	744.45	0	get 0.0000% / 8h	41m 23s	$2.4M	$3.1M	—
Short	Aevo META-PERP	745.02	0.0104	get 0.0013% / 1h	41m 23s	$268	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.077%Rate

Funding earned: $21.84
Price spread: +0.077% → 0.000%: $7.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $13.5
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aevo: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago	2.46 bp	doesn't fit	21.7 bp −$217	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 37 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	745.13	+0.091%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.44	+0.132%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.41	+0.129%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.53	+0.145%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.31	+0.116%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.76	+0.176%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.14	+0.093%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.53	+0.145%	$5.5M	$12.3M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	744.45	long leg	$2.4M	$3.1M	—
GRVT META_USDT_Perp	0.0000%	8h	744.63	+0.024%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.70	+0.168%	$943	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.86	+0.055%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.20	+0.101%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.22	+0.103%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.55	+0.148%	$2.2M	$13.9M	10x	as long as short
Nado META-PERP	+0.0037%	1h	745.20	+0.100%	$480K	$560K	20x	as long as short
Lighter RH META	+0.0040%	1h	745.85	+0.188%	$789K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.70	+0.034%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.91	+0.196%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.33	+0.118%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.33	+0.118%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.22	+0.103%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.55	+0.147%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	745.52	+0.144%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.60	+0.155%	$47K	$88K	10x	as long as short
Pacifica META	+0.0100%	1h	744.97	+0.070%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.12	+0.090%	$1.6M	$715K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.063%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.32	+0.117%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	745.02	+0.077%	$268	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	744.39	−0.008%	$643K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.277%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	745.94	+0.200%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	746.03	+0.212%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0495%	4h	744.81	+0.048%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0543%	1h	745.95	+0.202%	$81.0M	$129.7M	20x	as long as short
Phoenix META	+0.0750%	1h	746.26	+0.243%	$797K	$1.5M	20x	as long as short