Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.126%

Price spread now: Extended against Variational Omni−0.058%7-day average −0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.126%+$13 on $10k

Price spread, last 7 days−0.424%−$42 · spread now −0.058%, 7d avg −0.030%

Together, before fees−0.297%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$30 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: Extended is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	740.24	0	get 0.0000% / 8h	7h 12m	$2.4M	$3.3M	—
Short	Extended META_24_5-USD	739.81	0	get 0.0000% / 1h	12m 16s	$550K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.030%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.74
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 1 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, 2 min ago	3.17 bp	doesn't fit	19.2 bp −$192	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.27 bp	5.4 bp −$5	28.5 bp −$285	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
Deribit META_USDC-PERPETUAL	−0.0223%	1h	739.46	−0.105%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.27	+0.004%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0072%	1h	740.13	−0.014%	$460K	$458K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.89	−0.047%	$466K	$549K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	739.81	−0.058%	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	740.01	−0.031%	$27.4M	$179.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.32	+0.011%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.13	−0.015%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.96	−0.038%	$349K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.93	−0.042%	$5.6M	$11.1M	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	740.24	long leg	$2.4M	$3.3M	—
GRVT META_USDT_Perp	0.0000%	8h	740.31	+0.009%	$12K	$459K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.37	+0.018%	$1K	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.56	−0.092%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.59	+0.047%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.28	+0.005%	$752K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.013%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.96	−0.038%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.81	−0.058%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.99	−0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.097%	$673K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.78	−0.062%	$2.2M	$14.2M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	739.82	−0.056%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	739.76	−0.065%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.57	+0.044%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.15	−0.012%	$1.6M	$446K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.88	−0.049%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.02	−0.030%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.85	−0.053%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.80	−0.059%	$614K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0163%	1h	739.86	−0.051%	$67.7M	$121.8M	20x	as long as short
Hotstuff META-PERP	+0.0200%	1h	740.21	−0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	740.20	−0.005%	$852K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.235%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.56	+0.043%	$313K	$930K	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	740.25	+0.001%	$62K	$336K	10x	as long as short