data as of
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Funding arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC−0.0055%/8h
paid, last 24h−0.026%paid, last 3 days−0.365%to open and closeno order book
Long on PhoenixShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix META730.450.0055pay 0.0007% / 1h53m 51s$250K$513K20x
ShortVariational Omni META729.740get 0.0000% / 8h6h 53m$1.4M$2.1M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$11.53
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$18.53
Break-even
never at this rate
Slippage unknown: Phoenix: live order book, 49 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.097%
Avg gap 7d
+0.018%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 49 min ago2.62 bp9.5 bp −$918.8 bp −$188doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago2.60 bpdoesn't fit11.3 bp −$113doesn't fitdoesn't fit

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin META-USDT−0.0120%8h$326K$630K20xas long as short
Nado META-PERP−0.0042%1h$387K$172K20xas long as short
Aster METAUSDT0.0000%8h$450K$120K20xas long as short
Extended META_24_5-USD0.0000%1h$539K$1.4M17xas long as short
Binance METAUSDT0.0000%8h$25.3M$118.9M20xas long as short
Bybit METAUSDT0.0000%8h$7.5M$9.1M100xas long as short
OKX META-USDT-SWAP0.0000%8h$5.9M$9.9M20xas long as short
Gate META_USDT0.0000%8h$346K$3.9M100xas long as short
Bitget METAUSDT0.0000%8h$5.3M$7.8M100xas long as short
Variational Omni METAshort0.0000%8h$1.4M$2.1M—
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
SunX META-USDT0.0000%8h$707$9.3M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$28K$266K10xas long as short
HTX META-USDT0.0000%8h$104K$270K30xas long as short
Phemex METAUSDT0.0000%4h$1.9M$5K10xas long as short
QFEX META-USD+0.0020%1h$1.9M$8.5M10xas long as short
Lighter META+0.0032%1h$843K$2.4M20xas long as short
Lighter RH META+0.0032%1h$698K$2.6M20xas long as short
Vest META-USD-PERP+0.0046%1h—$8K25xas long as short
Popdex METAUSDT+0.0048%1h$177K$167K20xas long as short
Coinbase International META-PERP-INTX+0.0048%1h$632K$5.9M10xas long as short
tradeXYZ xyz:META+0.0050%1h$66.3M$53.8M20xas long as short
Polymarket Perps META-USD+0.0050%1h$664K$481K10xas long as short
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$756K$3.0M10xas long as short
Paradex META-USD-PERP+0.0051%8h——5xas long as short
Phoenix METAlong+0.0055%1h$250K$513K20x
Hotstuff META-PERP+0.0080%1h$33K$10520xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$196K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$134K$56K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$263—10xas long as short
Injective META/USDC PERP+0.0220%1h$166K$101K30xas long as short
Aftermath Perps METAUSD+0.0270%1h$43K$47K10xas long as short
Arcus META-USD+0.0325%1h$272K$292K10xas long as short
edgeX METAUSDC+0.0499%4h$61K$324K10xas long as short