META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Polymarket Perps+0.051%7-day average +0.058% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.053%−$5 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.051%, 7d avg +0.058%

Together, before fees−0.056%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, 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	Polymarket Perps META-USD	742.10	0.0050	pay 0.0006% / 1h	37m 56s	$559K	$540K	10x
Short	Variational Omni META	742.48	0	get 0.0000% / 8h	4h 37m	$2.4M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. 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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.051%Rate

Funding earned: −$10.5
Price spread: +0.051% → +0.058%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.24
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 20 min ago; Variational Omni: RFQ quote, 1 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 Polymarket Perps live order book, 20 min ago	1.75 bp	5.8 bp −$6	8.8 bp −$88	10.4 bp −$1,039	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.74 bp	doesn't fit	14.5 bp −$145	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	742.32	+0.030%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	741.88	−0.029%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.35	+0.034%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.19	+0.012%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.39	+0.039%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.17	+0.009%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.29	+0.026%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.03	−0.009%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	+0.036%	$5.4M	$11.7M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	742.48	+0.051%	$2.4M	$3.1M	—

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	742.51	+0.055%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.58	+0.065%	$861	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.68	−0.057%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.30	+0.027%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.37	+0.036%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.52	+0.057%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.38	+0.038%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.03	−0.009%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.49	+0.053%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.30	+0.027%	$178K	$199K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	742.10	long leg	$559K	$540K	10x
SoDEX META-USD	+0.0050%	1h	742.33	+0.031%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.055%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	742.19	+0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.142%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.53	+0.058%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.032%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.22	+0.017%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.011%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	742.31	+0.028%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.319%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.49	+0.053%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0272%	1h	742.33	+0.031%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.038%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.168%	$647K	$1.2M	20x	as long as short