Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Variational Omni against HTX+0.131%7-day average +0.011% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.131%, 7d avg +0.011%

Together, before fees−0.174%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.120% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	745.15	0	get 0.0000% / 8h	2h 02m	$106K	$306K	30x
Short	Variational Omni META	746.12	0	get 0.0000% / 8h	2h 02m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.011%: $11.96
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.04
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 45 min ago; Variational Omni: RFQ quote, 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 HTX live order book, 45 min ago	2.68 bp	11.3 bp −$11	15.2 bp −$152	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.46 bp	doesn't fit	15.7 bp −$157	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	745.68	+0.071%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0005%	1h	745.10	−0.006%	$482K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.14	−0.002%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.12	−0.004%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.08	−0.009%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.22	+0.009%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.46	+0.042%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.75	−0.054%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.37	+0.030%	$5.5M	$12.1M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	746.12	+0.131%	$2.4M	$3.3M	—

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	746.23	+0.145%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.17	+0.003%	$864	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.77	−0.051%	$31K	$263K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	745.15	long leg	$106K	$306K	30x
Phemex METAUSDT	0.0000%	4h	745.84	+0.093%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.54	+0.052%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.29	+0.019%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.75	+0.081%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.13	−0.003%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.37	+0.030%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.86	−0.039%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.37	+0.030%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.15	0.000%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	745.24	+0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.11	+0.128%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.38	+0.031%	$1.6M	$659K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.017%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.31	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.18	+0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	+0.004%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.386%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	745.60	+0.060%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.138%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0453%	1h	745.64	+0.066%	$76.3M	$125.9M	20x	as long as short
edgeX METAUSDC	+0.0547%	4h	745.87	+0.097%	$62K	$341K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.294%	$798K	$1.4M	20x	as long as short