Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.020%

Price spread now: Popdex against Variational Omni+0.020%7-day average +0.016% · you sell dearer than you buy

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

Long on Variational Omni Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.266%+$27 · spread now +0.020%, 7d avg +0.016%

Together, before fees+0.319%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	743.55	0	get 0.0000% / 8h	6h 20m	$2.5M	$3.0M	—
Short	Popdex METAUSDT	743.70	0.0048	get 0.0006% / 1h	20m 23s	$179K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.020%Rate

Funding earned: $10.08
Price spread: +0.020% → +0.016%: $0.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $4.08
Costs to cover: 0.064%
Break-even: 4.2 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Popdex: live order book, 31 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	16.8 bp −$168	doesn't fit	doesn't fit
Sell Popdex live order book, 31 min ago	0.67 bp	5.0 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

META on 37 exchanges

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	743.76	+0.028%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.93	+0.185%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.48	−0.009%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.69	+0.018%	$26.0M	$192.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.54	−0.002%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.59	+0.005%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.18	−0.050%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.73	+0.024%	$5.7M	$12.3M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	743.55	long leg	$2.5M	$3.0M	—
GRVT META_USDT_Perp	0.0000%	8h	743.88	+0.044%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.98	+0.057%	$942	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.36	−0.026%	$36K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.57	+0.002%	$108K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.84	+0.039%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.82	+0.036%	$821K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.30	−0.034%	$111K	$284K	10x	as long as short
Nado META-PERP	+0.0041%	1h	743.44	−0.014%	$477K	$551K	20x	as long as short
QFEX META-USD	+0.0041%	1h	743.57	+0.002%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.12	+0.076%	—	$11K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	743.70	+0.020%	$179K	$201K	20x
Polymarket Perps META-USD	+0.0050%	1h	743.35	−0.027%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.65	+0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.04	−0.069%	$704K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.57	+0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0075%	1h	744.42	+0.116%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.43	−0.016%	$652K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	743.65	+0.013%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.83	+0.037%	$1.6M	$836K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.59	+0.005%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.70	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.50	−0.007%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	743.64	+0.012%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.07	+0.204%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	743.56	+0.001%	$86.1M	$135.0M	20x	as long as short
Lighter META	+0.0272%	1h	743.99	+0.059%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.54	+0.133%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	743.85	+0.040%	$63K	$347K	10x	as long as short