Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Popdex+0.006%7-day average −0.017% · you sell dearer than you buy

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

Long on Popdex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.006%, 7d avg −0.017%

Together, before fees−0.136%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.023% dearer against Popdex than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.017%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	745.33	0.0048	pay 0.0006% / 1h	41m 24s	$177K	$205K	20x
Short	Variational Omni META	745.37	0	get 0.0000% / 8h	1h 41m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Popdex. 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 PopdexbpFee Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: −$10.08
Price spread: +0.006% → −0.017%: $2.26
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.22
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Popdex live order book, 2 min ago	0.27 bp	4.1 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.46 bp	doesn't fit	12.7 bp −$127	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	745.38	+0.007%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0023%	1h	745.00	−0.044%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.59	+0.035%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.08	−0.034%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.28	−0.006%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.19	−0.019%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.38	+0.007%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.71	−0.083%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.33	0.000%	$5.5M	$12.2M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	745.37	+0.006%	$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	745.43	+0.013%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.21	−0.016%	$624	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.02	−0.042%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.14	−0.025%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.94	+0.082%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.16	−0.023%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.62	+0.039%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.98	−0.047%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.62	+0.039%	—	$12K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	745.33	long leg	$177K	$205K	20x
Polymarket Perps META-USD	+0.0050%	1h	744.87	−0.062%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.001%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.052%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.15	−0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.39	+0.142%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.37	+0.005%	$1.6M	$672K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.66	−0.090%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.42	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.21	−0.017%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.013%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.444%	$173K	$46K	30x	as long as short
Lighter META	+0.0392%	1h	745.79	+0.062%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0408%	1h	745.69	+0.048%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0535%	1h	745.72	+0.052%	$77.0M	$127.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.154%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	745.37	+0.005%	$62K	$345K	10x	as long as short