Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: Deribit against Variational Omni−0.101%7-day average −0.049% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.101%, 7d avg −0.049%

Together, before fees+0.261%+ Points / potential airdropVariational Omni: Active · farm board+$26 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: Deribit is 0.052% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	745.25	0	get 0.0000% / 8h	3h 56m	$2.4M	$3.2M	—
Short	Deribit META_USDC-PERPETUAL	744.50	0	get 0.0000% / 1h	56m 33s	$31K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.049%: −$5.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$12.22
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 62 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, 3 min ago	2.46 bp	doesn't fit	11.2 bp −$112	doesn't fit	doesn't fit
Sell Deribit live order book, 62 min ago	0.07 bp	3.6 bp −$4	6.6 bp −$66	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	745.07	−0.025%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0058%	1h	744.60	−0.087%	$481K	$553K	20x	as long as short
Phemex METAUSDT	−0.0055%	4h	745.25	−0.001%	$2.0M	$8K	10x	as long as short
Aster METAUSDT	0.0000%	8h	744.52	−0.099%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.67	−0.079%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.87	−0.052%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.86	−0.053%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.80	−0.061%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.27	−0.132%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.80	−0.061%	$5.4M	$11.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni METAlong	0.0000%	8h	745.25	long leg	$2.4M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	744.58	−0.091%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.01	−0.033%	$993	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	744.50	−0.101%	$31K	$246K	10x
HTX META-USDT	0.0000%	8h	744.80	−0.061%	$106K	$301K	30x	as long as short
Lighter RH META	+0.0032%	1h	745.12	−0.018%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.33	−0.124%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.04	−0.029%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.84	−0.056%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.68	−0.077%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.92	−0.045%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.19	−0.143%	$819K	$4.7M	10x	as long as short
QFEX META-USD	+0.0058%	1h	744.70	−0.074%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	745.17	−0.012%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.66	−0.080%	$1.6M	$592K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.69	−0.210%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.04	−0.029%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0103%	8h	744.58	−0.091%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	744.91	−0.046%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.55	−0.095%	$618K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0192%	1h	744.98	−0.037%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.44	−0.109%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	745.02	−0.031%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0323%	1h	744.97	−0.038%	$69.8M	$120.9M	20x	as long as short
Phoenix META	+0.0591%	1h	745.89	+0.085%	$741K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0954%	4h	744.56	−0.094%	$62K	$336K	10x	as long as short