Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Aster against Variational Omni+0.011%7-day average +0.081% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.011%, 7d avg +0.081%

Together, before fees+0.006%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	740.98	0	get 0.0000% / 8h	6h 30m	$2.3M	$3.1M	—
Short	Aster METAUSDT	741.06	0	get 0.0000% / 8h	6h 30m	$466K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.081%: −$7.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.06
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 37 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	24.7 bp −$247	doesn't fit	doesn't fit
Sell Aster live order book, 37 min ago	6.28 bp	20.9 bp −$21	424.1 bp −$4,241	doesn't fit	doesn't fit

META on 35 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
Nado META-PERP	−0.0142%	1h	740.98	0.000%	$479K	$547K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	741.06	+0.011%	$466K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	740.91	−0.010%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.15	+0.023%	$27.4M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.11	+0.018%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.93	−0.007%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.79	−0.026%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.06	+0.011%	$5.5M	$11.3M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	740.98	long leg	$2.3M	$3.1M	—
GRVT META_USDT_Perp	0.0000%	8h	740.87	−0.015%	$12K	$435K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.01	+0.004%	$932	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.74	−0.032%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.63	−0.047%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.99	+0.001%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.94	−0.005%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.36	+0.051%	$751K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.42	−0.076%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.46	+0.065%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.15	+0.023%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.01	+0.004%	$558K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.09	+0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.38	−0.081%	$700K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	741.01	+0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.04	+0.009%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.09	+0.015%	$1.6M	$480K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.69	−0.174%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.11	+0.018%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	741.30	+0.043%	$857K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.93	−0.006%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.16	−0.111%	$610K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	741.12	+0.019%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.42	−0.076%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0240%	1h	741.12	+0.019%	$68.4M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	741.68	+0.094%	$403K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0686%	4h	740.26	−0.097%	$62K	$336K	10x	as long as short