Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.037%

Price spread now: Variational Omni against Arcus+0.005%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 Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.005%, 7d avg +0.016%

Together, before fees−0.217%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	739.69	0.0063	pay 0.0008% / 1h	50m 32s	$110K	$331K	10x
Short	Variational Omni META	739.73	0	get 0.0000% / 8h	7h 50m	$2.3M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ArcusbpFee Variational OmnibpOrdersPrice spread, now +0.005%Rate

Funding earned: −$13.2
Price spread: +0.005% → +0.016%: −$1.07
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.77
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 23 min ago; Variational Omni: RFQ quote, 4 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 Arcus live order book, 23 min ago	1.75 bp	4.0 bp −$4	9.4 bp −$94	12.6 bp −$1,257	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.46 bp	doesn't fit	15.6 bp −$156	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	740.01	+0.043%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.82	+0.152%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.70	+0.002%	$549K	$1.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.98	+0.040%	$27.4M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.04	+0.047%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.85	+0.022%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.45	−0.032%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.83	+0.019%	$5.6M	$11.1M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	739.73	+0.005%	$2.3M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	740.20	+0.069%	$12K	$486K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	739.70	+0.001%	$952	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.55	−0.019%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.85	+0.157%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0026%	1h	739.64	−0.007%	$381K	$336K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.99	+0.041%	$757K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.14	+0.061%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.14	+0.061%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.87	+0.024%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.76	+0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.07	−0.084%	$735K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.99	+0.041%	$2.2M	$14.2M	10x	as long as short
Arcus META-USDlong	+0.0063%	1h	739.69	long leg	$110K	$331K	10x
Hotstuff META-PERP	+0.0064%	1h	739.69	0.000%	$33K	$105	20x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	739.62	−0.009%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.11	+0.057%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.03	+0.046%	$1.6M	$412K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.48	−0.028%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.83	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.69	0.000%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0114%	1h	739.83	+0.019%	$67.6M	$121.2M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.057%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.93	+0.303%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.03	+0.046%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.13	+0.059%	$277K	$930K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0345%	1h	739.78	+0.012%	$30K	$253K	10x	as long as short
edgeX METAUSDC	+0.0474%	4h	740.08	+0.052%	$62K	$333K	10x	as long as short