Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.012%

Price spread now: Lighter RH against Variational Omni−0.002%7-day average −0.014% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.002%, 7d avg −0.014%

Together, before fees+0.060%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	743.94	0	get 0.0000% / 8h	2h 24m	$2.4M	$3.2M	—
Short	Lighter RH META	743.93	0.0032	get 0.0004% / 1h	24m 48s	$769K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.002%Rate

Funding earned: $6.72
Price spread: −0.002% → −0.014%: $1.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $7.92
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter RH: 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, 4 min ago	2.46 bp	doesn't fit	20.2 bp −$202	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.08 bp	2.3 bp −$2	7.5 bp −$75	48.9 bp −$4,886	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	744.02	+0.010%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.39	+0.060%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.62	−0.044%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.82	−0.016%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.74	−0.027%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.86	−0.011%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.29	−0.088%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.17	+0.031%	$5.6M	$12.1M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	743.94	long leg	$2.4M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.113%	$12K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.24	+0.040%	$610	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.42	−0.070%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.79	−0.020%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.28	−0.089%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0022%	1h	743.82	−0.017%	$481K	$558K	20x	as long as short
Lighter RH METAshort	+0.0032%	1h	743.93	−0.002%	$769K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	743.10	−0.113%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.37	+0.057%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.00	+0.008%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.08	+0.019%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.041%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.75	−0.026%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.41	−0.072%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	744.00	+0.007%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.01	+0.010%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.60	−0.046%	$1.6M	$646K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.124%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	−0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.66	−0.037%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.58	−0.049%	$655K	$7.8M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.092%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.263%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.05	+0.014%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	+0.008%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0440%	1h	744.25	+0.041%	$74.7M	$125.0M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.028%	$795K	$1.4M	20x	as long as short