Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.070%

Price spread now: edgeX against Variational Omni+0.054%104s7-day average +0.001% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.394%+$39 on $10k

Price spread, last 3 days (all we have)−0.053%−$5 · spread now +0.054%, 7d avg +0.001%

Together, before fees+0.341%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and edgeX is 0.052% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	740.83	0	get 0.0000% / 8h	7h 59m	$2.3M	$3.2M	—
Short	edgeX METAUSDC	741.23	0.0227	get 0.0113% / 4h	3h 59m	$62K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $47.61
Price spread: +0.054% → +0.001%: $5.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $43.84
Costs to cover: 0.090%
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; edgeX: live order book, 14 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	14.9 bp −$149	doesn't fit	doesn't fit
Sell edgeX live order book, 14 min ago	5.19 bp	9.8 bp −$10	11.2 bp −$112	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	740.93	+0.013%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	+0.022%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.54	−0.040%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.68	−0.021%	$27.4M	$180.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.36	−0.064%	$7.5M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.31	−0.071%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.20	−0.086%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.53	−0.041%	$5.6M	$11.1M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	740.83	long leg	$2.3M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	741.63	+0.107%	$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	740.51	−0.044%	$916	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.07	−0.103%	$30K	$258K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.73	−0.014%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.15	+0.043%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0025%	1h	740.15	−0.093%	$384K	$332K	20x	as long as short
QFEX META-USD	+0.0027%	1h	740.76	−0.010%	$2.2M	$14.4M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.88	+0.006%	$761K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.39	−0.060%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.74	−0.013%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.60	−0.032%	$178K	$209K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.31	−0.071%	$67.7M	$122.8M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.55	−0.038%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.39	−0.060%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.75	−0.146%	$757K	$4.3M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.38	+0.073%	$50K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	740.47	−0.049%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.35	+0.070%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.65	−0.025%	$1.6M	$408K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.53	−0.041%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.70	−0.018%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	−0.076%	$266	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.024%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0176%	1h	740.64	−0.026%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.21	+0.321%	$169K	$46K	30x	as long as short
edgeX METAUSDCshort	+0.0227%	4h	741.23	+0.054%	$62K	$334K	10x
Lighter META	+0.0280%	1h	740.85	+0.002%	$858K	$2.4M	20x	as long as short