Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.015%

Price spread now: Aftermath Perps against Variational Omni+0.084%7-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 Aftermath Perps

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aftermath Perps is 0.084% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	741.49	0	get 0.0000% / 8h	5m 53s	$2.3M	$3.2M	—
Short	Aftermath Perps METAUSD	742.12	0.0073	get 0.0009% / 1h	5m 53s	$50K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.084%Rate

Funding earned: $15.26
Price spread: +0.084% → 0.000%: $8.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $14.64
Costs to cover: 0.090%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aftermath Perps: 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	2.45 bp	doesn't fit	18.2 bp −$182	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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	741.65	+0.021%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.75	+0.034%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.44	−0.008%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.58	+0.012%	$27.4M	$180.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.33	−0.022%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.46	−0.005%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.04	−0.061%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.51	+0.002%	$5.6M	$11.4M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	741.49	long leg	$2.3M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	741.61	+0.016%	$12K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.44	−0.007%	$910	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.32	−0.024%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.65	+0.021%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0012%	1h	740.97	−0.071%	$385K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	741.47	−0.003%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.72	+0.030%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.16	−0.045%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.42	−0.010%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.47	−0.003%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.42	−0.010%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.44	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.70	−0.107%	$758K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	741.40	−0.013%	—	—	5x	as long as short
Aftermath Perps METAUSDshort	+0.0073%	1h	742.12	+0.084%	$50K	$75K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	−0.020%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.51	+0.002%	$1.6M	$402K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.71	−0.106%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.69	+0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.50	0.000%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.48	−0.002%	$291K	$797K	20x	as long as short
edgeX METAUSDC	+0.0157%	4h	741.56	+0.009%	$62K	$332K	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	741.39	−0.014%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.281%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	741.44	−0.007%	$67.8M	$122.6M	20x	as long as short
Lighter META	+0.0272%	1h	741.79	+0.040%	$859K	$2.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0384%	1h	741.36	−0.018%	$30K	$258K	10x	as long as short