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 −0.005%

Price spread now: GRVT against Variational Omni+0.036%7-day average +0.010% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.036%, 7d avg +0.010%

Together, before fees−0.041%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$4 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: GRVT is 0.026% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.010%.

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 18m	$2.4M	$3.2M	—
Short	GRVT META_USDT_Perp	743.85	0	get 0.0000% / 8h	2h 18m	$13K	$442K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.010%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$6.35
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; GRVT: live order book, 29 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	19.5 bp −$195	doesn't fit	doesn't fit
Sell GRVT live order book, 29 min ago	1.14 bp	7.3 bp −$7	14.2 bp −$142	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	743.87	+0.039%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.09	+0.068%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.67	+0.012%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.85	+0.036%	$27.6M	$182.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.64	+0.008%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.93	+0.047%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.34	−0.032%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.98	+0.054%	$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_Perpshort	0.0000%	8h	743.85	+0.036%	$13K	$442K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.04	+0.062%	$819	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.39	−0.026%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.69	+0.015%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.89	+0.042%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	743.58	+0.001%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.92	+0.046%	$760K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.34	−0.032%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.05	+0.063%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.76	+0.024%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.89	+0.042%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.40	−0.024%	$585K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.78	+0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.26	−0.043%	$740K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	743.76	+0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.34	+0.102%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.69	+0.015%	$1.6M	$650K	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	743.86	+0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.58	0.000%	$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
edgeX METAUSDC	+0.0187%	4h	743.65	+0.009%	$62K	$340K	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	744.02	+0.059%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.18	+0.081%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0445%	1h	744.09	+0.069%	$75.1M	$125.2M	20x	as long as short
Phoenix META	+0.0685%	1h	744.88	+0.175%	$795K	$1.4M	20x	as long as short