Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Phemex against Variational Omni+0.025%7-day average +0.037% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.025%, 7d avg +0.037%

Together, before fees+0.064%+ Points / potential airdropVariational Omni: Active · farm board+$6 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	743.32	0	get 0.0000% / 8h	39m 06s	$2.3M	$3.2M	—
Short	Phemex METAUSDT	743.51	0	get 0.0000% / 4h	39m 06s	$2.0M	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.037%: −$1.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$13.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phemex: live order book, 4 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, 5 min ago	2.46 bp	doesn't fit	20.0 bp −$200	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.69 bp	54.6 bp −$55	doesn't fit	doesn't fit	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	743.43	+0.015%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0076%	1h	743.21	−0.016%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.024%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.37	+0.006%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.50	+0.024%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.57	+0.033%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.70	+0.051%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.04	−0.038%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.38	+0.008%	$5.6M	$11.4M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	743.32	long leg	$2.3M	$3.2M	—

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	743.64	+0.043%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.33	+0.001%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.17	−0.020%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.30	−0.003%	$107K	$285K	30x	as long as short
Phemex METAUSDTshort	0.0000%	4h	743.51	+0.025%	$2.0M	$7K	10x
QFEX META-USD	+0.0027%	1h	743.43	+0.015%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.79	+0.063%	$757K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.01	−0.042%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.85	+0.071%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.45	+0.017%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.44	+0.016%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	+0.024%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.93	−0.053%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.35	+0.004%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.22	+0.121%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.006%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.44	+0.016%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	−0.046%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.43	+0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.37	+0.007%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	743.71	+0.052%	$860K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.072%	$293K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.63	+0.041%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.337%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0225%	1h	743.75	+0.058%	$67.7M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0710%	4h	743.35	+0.004%	$62K	$331K	10x	as long as short