Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.002%

Price spread now: ApeX Omni against Variational Omni−0.014%7-day average −0.035% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.014%, 7d avg −0.035%

Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.021% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	740.62	0	get 0.0000% / 8h	1h 29m	$1.6M	$2.6M	—
Short	ApeX Omni METAUSDT	740.52	0.0100	get 0.0013% / 1h	29m 06s	$166K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: $21
Price spread: −0.014% → −0.035%: $2.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $13.12
Costs to cover: 0.100%
Break-even: 2.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 52 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 Variational Omni RFQ quote, 5 min ago	2.46 bp	doesn't fit	14.7 bp −$147	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 52 min ago	2.63 bp	32.0 bp −$32	480.4 bp −$4,804	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	741.34	+0.097%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0082%	1h	741.28	+0.089%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.154%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.18	+0.076%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.31	+0.093%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.35	+0.098%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.18	+0.075%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.95	+0.044%	$329K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.45	+0.112%	$5.8M	$11.0M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	740.62	long leg	$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	740.92	+0.040%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.66	+0.140%	$957	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.42	+0.108%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.25	+0.085%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.19	+0.077%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.20	+0.078%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.71	+0.147%	$747K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.81	+0.025%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.81	+0.160%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.30	+0.091%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.30	+0.091%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.09	+0.063%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.16	+0.072%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.40	−0.030%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.40	+0.104%	$49K	$63K	10x	as long as short
Lighter META	+0.0064%	1h	741.67	+0.141%	$863K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	+0.039%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	+0.067%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0098%	1h	741.57	+0.128%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.24	+0.083%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	740.52	−0.014%	$166K	$73K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.28	+0.089%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.18	+0.075%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	741.07	+0.060%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.006%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0246%	4h	740.42	−0.027%	$62K	$331K	10x	as long as short