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
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni META | 744.86 | 0 | get 0.0000% / 8h | 1h 21m | $2.4M | $3.3M | — |
| Short | Coinbase International META-PERP-INTX | 744.73 | 0.0104 | get 0.0013% / 1h | 21m 09s | $650K | $7.9M | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 3 min ago | 2.60 bp | doesn't fit | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.95 bp | 7.7 bp −$8 | 10.5 bp −$105 | doesn't fit | doesn't fit |
META on 37 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 | 744.97 | +0.014% | $333K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0044% | 1h | 744.83 | −0.005% | $480K | $559K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.22 | +0.048% | $479K | $593K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 744.79 | −0.010% | $548K | $1.8M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 744.97 | +0.014% | $25.0M | $188.1M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 744.87 | +0.001% | $7.3M | $15.4M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.07 | +0.028% | $6.0M | $12.7M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.52 | −0.046% | $460K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 744.94 | +0.010% | $5.5M | $12.4M | 100x | as long as short |
| Variational Omni METAlong | 0.0000% | 8h | 744.86 | long leg | $2.4M | $3.3M | — |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 744.80 | −0.009% | $13K | $440K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.01 | +0.020% | $683 | $8.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.53 | −0.045% | $34K | $275K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 744.74 | −0.017% | $106K | $308K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 744.88 | +0.002% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0031% | 1h | 744.97 | +0.014% | $2.2M | $13.8M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 745.15 | +0.038% | $787K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 744.65 | −0.029% | $112K | $339K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.42 | +0.075% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.02 | +0.021% | $177K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.47 | −0.053% | $586K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 744.93 | +0.009% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.68 | −0.025% | $685K | $5.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0059% | 8h | 744.99 | +0.017% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0085% | 1h | 745.91 | +0.140% | $52K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 744.90 | +0.005% | $1.6M | $686K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 744.19 | −0.091% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 744.87 | +0.001% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 744.71 | −0.021% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTXshort | +0.0104% | 1h | 744.73 | −0.018% | $650K | $7.9M | 10x | |
| Injective META/USDC PERP | +0.0220% | 1h | 747.34 | +0.332% | $172K | $46K | 30x | as long as short |
| Lighter META | +0.0352% | 1h | 745.31 | +0.060% | $1.1M | $2.7M | 20x | as long as short |
| Hotstuff META-PERP | +0.0368% | 1h | 745.62 | +0.101% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0488% | 1h | 745.44 | +0.077% | $77.8M | $127.5M | 20x | as long as short |
| Phoenix META | +0.0739% | 1h | 746.23 | +0.183% | $797K | $1.5M | 20x | as long as short |
| Pacifica META | +0.0800% | 1h | 745.28 | +0.056% | $13 | $46 | — | as long as short |
| edgeX METAUSDC | +0.0905% | 4h | 744.74 | −0.017% | $62K | $343K | 10x | as long as short |
Variational Omni META
Coinbase International META-PERP-INTX
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Injective META/USDC PERP
Lighter META
tradeXYZ xyz:META
Phoenix META
Pacifica META
edgeX METAUSDC