Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Variational Omni−0.008%57s7-day average −0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.370%+$37 · spread now −0.008%, 7d avg −0.011%

Together, before fees+0.342%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	745.38	0	get 0.0000% / 8h	6h 55m	$2.5M	$3.0M	—
Short	HTX META-USDT	745.32	0	get 0.0000% / 8h	6h 55m	$108K	$300K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee HTXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.011%: $0.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$11.7
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; HTX: live order book, 37 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, 4 min ago	2.45 bp	doesn't fit	26.7 bp −$267	doesn't fit	doesn't fit
Sell HTX live order book, 37 min ago	2.89 bp	8.9 bp −$9	12.6 bp −$126	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	745.62	+0.032%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	−0.024%	$490K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.29	−0.146%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.43	−0.128%	$25.8M	$192.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.57	−0.109%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.58	−0.107%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.28	−0.148%	$447K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.38	−0.134%	$5.7M	$12.3M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	745.38	long leg	$2.5M	$3.0M	—
GRVT META_USDT_Perp	0.0000%	8h	745.62	+0.032%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.39	+0.001%	$786	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.10	−0.172%	$36K	$269K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	745.32	−0.008%	$108K	$300K	30x
Phemex METAUSDT	0.0000%	4h	745.45	+0.009%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.38	0.000%	$813K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.83	−0.074%	$111K	$315K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.04	−0.046%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.90	−0.064%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.16	−0.029%	$179K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.83	−0.074%	$566K	$609K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.62	−0.102%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.084%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.99	−0.052%	—	—	5x	as long as short
Nado META-PERP	+0.0076%	1h	744.05	−0.178%	$478K	$559K	20x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.11	−0.036%	$51K	$91K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.98	−0.054%	$641K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.35	−0.003%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.17	−0.028%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.91	−0.063%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.55	−0.111%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.44	−0.126%	$268	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.127%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0280%	1h	745.33	−0.007%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	745.52	+0.019%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0348%	1h	744.73	−0.087%	$86.4M	$134.8M	20x	as long as short
edgeX METAUSDC	+0.0473%	4h	745.31	−0.009%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.65	+0.170%	$797K	$1.5M	20x	as long as short