Settings8H · net · $10k
Funding arb · Price arb /

META

RWAall META markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.004%
Price spread now: Coinbase International against Variational Omni−0.018%7-day average −0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.090%−$9 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.018%, 7d avg −0.095%
Together, before fees−0.064%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.077% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.095%. Mind the row above: over the last 4 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni META744.860get 0.0000% / 8h1h 21m$2.4M$3.3M
ShortCoinbase International META-PERP-INTX744.730.0104get 0.0013% / 1h21m 09s$650K$7.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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

Funding earned
$21.84
Price spread: −0.018% → −0.095%
$7.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$19.52
Costs to cover
0.100%
Break-even
0.7 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Coinbase International: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago2.60 bpdoesn't fit11.3 bp −$113doesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago1.95 bp7.7 bp −$810.5 bp −$105doesn't fitdoesn't fit

META on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin META-USDT−0.0120%8h744.97+0.014%$333K$1.1M20xas long as short
Nado META-PERP−0.0044%1h744.83−0.005%$480K$559K20xas long as short
Aster METAUSDT0.0000%8h745.22+0.048%$479K$593K20xas long as short
Extended META_24_5-USD0.0000%1h744.79−0.010%$548K$1.8M17xas long as short
Binance METAUSDT0.0000%8h744.97+0.014%$25.0M$188.1M20xas long as short
Bybit METAUSDT0.0000%8h744.87+0.001%$7.3M$15.4M100xas long as short
OKX META-USDT-SWAP0.0000%8h745.07+0.028%$6.0M$12.7M20xas long as short
Gate META_USDT0.0000%8h744.52−0.046%$460K$6.2M100xas long as short
Bitget METAUSDT0.0000%8h744.94+0.010%$5.5M$12.4M100xas long as short
Variational Omni METAlong0.0000%8h744.86long leg$2.4M$3.3M
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT META_USDT_Perp0.0000%8h744.80−0.009%$13K$440K10xas long as short
SunX META-USDT0.0000%8h745.01+0.020%$683$8.2M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h744.53−0.045%$34K$275K10xas long as short
HTX META-USDT0.0000%8h744.74−0.017%$106K$308K30xas long as short
Phemex METAUSDT0.0000%4h744.88+0.002%$2.0M$8K10xas long as short
QFEX META-USD+0.0031%1h744.97+0.014%$2.2M$13.8M10xas long as short
Lighter RH META+0.0032%1h745.15+0.038%$787K$2.9M20xas long as short
Arcus META-USD+0.0040%1h744.65−0.029%$112K$339K10xas long as short
Vest META-USD-PERP+0.0046%1h745.42+0.075%$12K25xas long as short
Popdex METAUSDT+0.0048%1h745.02+0.021%$177K$205K20xas long as short
Polymarket Perps META-USD+0.0050%1h744.47−0.053%$586K$564K10xas long as short
SoDEX META-USD+0.0050%1h744.93+0.009%$25K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h744.68−0.025%$685K$5.3M10xas long as short
Paradex META-USD-PERP+0.0059%8h744.99+0.017%5xas long as short
Aftermath Perps METAUSD+0.0085%1h745.91+0.140%$52K$80K10xas long as short
KuCoin METAUSDTM+0.0100%8h744.90+0.005%$1.6M$686K20xas long as short
ApeX Omni METAUSDT+0.0100%1h744.19−0.091%$167K$72K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h744.87+0.001%$1K$2410xas long as short
Aevo META-PERP+0.0104%1h744.71−0.021%$26810xas long as short
Coinbase International META-PERP-INTXshort+0.0104%1h744.73−0.018%$650K$7.9M10x
Injective META/USDC PERP+0.0220%1h747.34+0.332%$172K$46K30xas long as short
Lighter META+0.0352%1h745.31+0.060%$1.1M$2.7M20xas long as short
Hotstuff META-PERP+0.0368%1h745.62+0.101%$33K$10520xas long as short
tradeXYZ xyz:META+0.0488%1h745.44+0.077%$77.8M$127.5M20xas long as short
Phoenix META+0.0739%1h746.23+0.183%$797K$1.5M20xas long as short
Pacifica META+0.0800%1h745.28+0.056%$13$46as long as short
edgeX METAUSDC+0.0905%4h744.74−0.017%$62K$343K10xas long as short