META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Variational Omni−0.024%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.024% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	742.48	0	get 0.0000% / 8h	4h 38m	$2.4M	$3.1M	—
Short	Orderly PERP_META_USDC_mythos	742.30	0.0100	get 0.0100% / 8h	4h 38m	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.024%Rate

Funding earned: $21
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $12.61
Costs to cover: 0.060%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, just now; Orderly: no order-book sample. 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, just now	2.74 bp	doesn't fit	20.5 bp −$205	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	742.32	−0.021%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0041%	1h	741.79	−0.093%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.36	−0.017%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.16	−0.043%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.34	−0.019%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.26	−0.029%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.16	−0.043%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.98	−0.067%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	−0.014%	$5.4M	$11.7M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	742.48	long leg	$2.4M	$3.1M	—

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	742.51	+0.004%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.49	+0.002%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.70	−0.105%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.14	−0.045%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	−0.017%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.43	−0.006%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.30	−0.024%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.03	−0.060%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.45	−0.004%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.27	−0.028%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.02	−0.062%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.30	−0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.106%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	742.19	−0.039%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.091%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.50	+0.003%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.083%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	742.30	−0.024%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	742.20	−0.037%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.062%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	742.35	−0.017%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.268%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.39	−0.012%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0269%	1h	742.33	−0.020%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	−0.013%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.117%	$647K	$1.2M	20x	as long as short