Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.013%

Price spread now: Vest against Variational Omni−0.042%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 Vest

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 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.042% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	744.70	0	get 0.0000% / 8h	3h 52m	$2.4M	$3.2M	—
Short	Vest META-USD-PERP	744.39	0.0046	get 0.0006% / 1h	52m 07s	—	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.042%Rate

Funding earned: $9.59
Price spread: −0.042% → 0.000%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $3.37
Costs to cover: 0.020%
Break-even: 4.5 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Vest: 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	26.3 bp −$263	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	744.58	−0.017%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0009%	1h	743.96	−0.099%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.92	−0.105%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.86	−0.114%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.08	−0.084%	$28.4M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.79	−0.123%	$7.7M	$14.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.85	−0.115%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.71	−0.134%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.07	−0.085%	$5.4M	$11.8M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	744.70	long leg	$2.4M	$3.2M	—

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.96	+0.034%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.12	−0.079%	$729	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.73	−0.131%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.94	−0.103%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.53	−0.023%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0011%	4h	744.64	−0.008%	$62K	$337K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.33	−0.050%	$781K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.21	−0.066%	$111K	$330K	10x	as long as short
Vest META-USD-PERPshort	+0.0046%	1h	744.39	−0.042%	—	$10K	25x
Polymarket Perps META-USD	+0.0050%	1h	743.76	−0.127%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.01	−0.093%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.98	−0.232%	$819K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	743.80	−0.121%	$2.2M	$13.7M	10x	as long as short
Popdex METAUSDT	+0.0064%	1h	744.03	−0.091%	$179K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.72	+0.002%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.11	−0.080%	$1.6M	$596K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.73	−0.131%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.10	−0.081%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0100%	8h	744.23	−0.064%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	743.95	−0.101%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.82	−0.119%	$623K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.53	+0.245%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0224%	1h	744.46	−0.033%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	744.27	−0.058%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0313%	1h	744.17	−0.072%	$69.9M	$120.9M	20x	as long as short
Phoenix META	+0.0633%	1h	745.49	+0.105%	$750K	$1.4M	20x	as long as short