Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.038%

Price spread now: Arcus against Variational Omni−0.038%7-day average −0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.038%, 7d avg −0.019%

Together, before fees+0.253%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	743.58	0	get 0.0000% / 8h	2h 20m	$2.4M	$3.2M	—
Short	Arcus META-USD	743.30	0.0040	get 0.0005% / 1h	20m 33s	$109K	$331K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.038%Rate

Funding earned: $8.46
Price spread: −0.038% → −0.019%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $2.1
Costs to cover: 0.045%
Break-even: 5.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Arcus: live order book, 28 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, 4 min ago	2.46 bp	doesn't fit	19.5 bp −$195	doesn't fit	doesn't fit
Sell Arcus live order book, 28 min ago	2.75 bp	10.7 bp −$11	13.8 bp −$138	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	743.71	+0.017%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.96	+0.051%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.29	−0.039%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.54	−0.005%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.59	+0.001%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.71	+0.017%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.13	−0.061%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.79	+0.028%	$5.6M	$12.1M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	743.58	long leg	$2.4M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	743.85	+0.036%	$13K	$442K	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	743.86	+0.038%	$797	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.23	−0.047%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.47	−0.015%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.78	+0.027%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0013%	1h	743.21	−0.050%	$480K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.76	+0.024%	$768K	$2.9M	20x	as long as short
Arcus META-USDshort	+0.0040%	1h	743.30	−0.038%	$109K	$331K	10x
Vest META-USD-PERP	+0.0046%	1h	744.06	+0.065%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.54	−0.005%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.61	+0.004%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.36	−0.030%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.69	+0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.05	−0.071%	$740K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	743.45	−0.017%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.45	+0.116%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.67	+0.012%	$1.6M	$648K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.10	−0.065%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.50	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.38	−0.027%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	0.000%	$655K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.327%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	743.86	+0.038%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	743.93	+0.047%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0442%	1h	743.94	+0.048%	$75.0M	$125.1M	20x	as long as short
Phoenix META	+0.0685%	1h	744.88	+0.175%	$795K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0703%	4h	743.62	+0.006%	$62K	$340K	10x	as long as short