Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: HTX against Variational Omni−0.049%7-day average −0.010% · you buy dearer than you sell

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

Long on Variational Omni Short on HTX

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 3 days (all we have)+0.223%+$22 · spread now −0.049%, 7d avg −0.010%

Together, before fees+0.195%+ Points / potential airdropVariational Omni: Active · farm board+$19 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: HTX is 0.039% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 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	740.48	0	get 0.0000% / 8h	2h 06m	$1.6M	$2.5M	—
Short	HTX META-USDT	740.12	0	get 0.0000% / 8h	2h 06m	$105K	$283K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.010%: −$3.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; HTX: live order book, 15 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	2.46 bp	doesn't fit	10.7 bp −$107	doesn't fit	doesn't fit
Sell HTX live order book, 15 min ago	2.70 bp	8.7 bp −$9	14.1 bp −$141	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	740.46	−0.003%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0106%	1h	740.37	−0.015%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.73	+0.033%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	+0.069%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.33	−0.021%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.42	−0.009%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.40	−0.011%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.47	−0.002%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.14	−0.046%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.41	−0.010%	$5.8M	$11.0M	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	740.48	long leg	$1.6M	$2.5M	—
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.009%	$12K	$521K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.87	+0.052%	$826	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.58	+0.013%	$30K	$256K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	740.12	−0.049%	$105K	$283K	30x
Phemex METAUSDT	0.0000%	4h	740.41	−0.010%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.49	+0.001%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.68	+0.026%	$859K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.70	+0.029%	$748K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.24	−0.033%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.93	+0.060%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.38	−0.014%	$177K	$201K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.75	+0.036%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.59	+0.014%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.28	−0.028%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.32	−0.022%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.26	−0.030%	$641K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.02	+0.072%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.030%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.59	+0.014%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.39	−0.013%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.15	−0.045%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.42	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.35	−0.018%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.25	−0.032%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0401%	4h	740.46	−0.003%	$62K	$329K	10x	as long as short