Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.011%

Price spread now: SoDEX against Variational Omni−0.003%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 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	746.09	0	get 0.0000% / 8h	2h 51m	$2.4M	$3.2M	—
Short	SoDEX META-USD	746.07	0.0050	get 0.0006% / 1h	51m 38s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $10.5
Price spread: −0.003% → 0.000%: −$0.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $2.17
Costs to cover: 0.080%
Break-even: 5.6 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SoDEX: no order-book sample. 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	24.5 bp −$245	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	746.18	+0.011%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.22	+0.150%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.79	−0.041%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.25	+0.021%	$28.3M	$181.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.11	+0.002%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.35	+0.034%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.57	−0.070%	$430K	$5.9M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	746.09	long leg	$2.4M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.070%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.10	+0.001%	$716	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.65	−0.060%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	−0.039%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.16	+0.009%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	−0.035%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.38	+0.038%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.07	−0.003%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.80	−0.039%	$587K	$564K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	746.07	−0.003%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.082%	$759K	$4.5M	10x	as long as short
Lighter RH META	+0.0064%	1h	746.53	+0.058%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0065%	1h	745.50	−0.080%	$482K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	745.80	−0.039%	—	—	5x	as long as short
Bitget METAUSDT	+0.0083%	8h	746.24	+0.020%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.106%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.46	+0.049%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.87	−0.030%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.13	+0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	−0.014%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.042%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0152%	1h	746.07	−0.003%	$179K	$199K	20x	as long as short
edgeX METAUSDC	+0.0218%	4h	745.98	−0.016%	$62K	$338K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.389%	$173K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.41	+0.042%	$980K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.011%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0512%	1h	746.56	+0.062%	$72.6M	$122.3M	20x	as long as short
Phoenix META	+0.0685%	1h	748.29	+0.294%	$799K	$1.4M	20x	as long as short