Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.010%

Price spread now: Lighter RH against Variational Omni+0.052%7-day average +0.017% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.052%, 7d avg +0.017%

Together, before fees+0.070%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.036% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	740.42	0	get 0.0000% / 8h	2h 11m	$1.6M	$2.5M	—
Short	Lighter RH META	740.81	0.0032	get 0.0004% / 1h	11m 15s	$740K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.052%Rate

Funding earned: $6.72
Price spread: +0.052% → +0.017%: $3.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $10.29
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter RH: live order book, 2 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	23.0 bp −$230	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.43 bp	2.8 bp −$3	6.3 bp −$63	48.5 bp −$4,849	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	740.31	−0.015%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0109%	1h	740.39	−0.004%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.70	+0.038%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.98	+0.076%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.41	−0.001%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.54	+0.016%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.39	−0.004%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.53	+0.015%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	−0.047%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.52	+0.013%	$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	740.42	long leg	$1.6M	$2.5M	—
GRVT META_USDT_Perp	0.0000%	8h	740.37	−0.007%	$12K	$525K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.04	+0.084%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.56	+0.019%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.23	−0.026%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.51	+0.012%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.50	+0.011%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.78	+0.048%	$860K	$2.6M	20x	as long as short
Lighter RH METAshort	+0.0032%	1h	740.81	+0.052%	$740K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	740.21	−0.029%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.06	+0.086%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.49	+0.009%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.73	+0.042%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.60	+0.024%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.47	+0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.13	−0.039%	$641K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.36	−0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	740.97	+0.074%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.022%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.50	+0.011%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.49	+0.009%	$1.6M	$353K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.32	−0.014%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.46	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.37	−0.008%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.25	−0.023%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	740.35	−0.009%	$62K	$331K	10x	as long as short