Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.028%

Price spread now: SunX against Variational Omni+0.036%45s7-day average +0.028% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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)+0.094%+$9 · spread now +0.036%, 7d avg +0.028%

Together, before fees+0.066%+ Points / potential airdropVariational Omni: Active · farm board+$7 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	741.24	0	get 0.0000% / 8h	1h 23m	$1.6M	$2.6M	—
Short	SunX META-USDT	741.51	0	get 0.0000% / 8h	1h 23m	$1K	$9.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.028%: $0.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SunX: live order book, 5 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, 1 min ago	2.46 bp	doesn't fit	18.4 bp −$184	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	28.12 bp	32.1 bp −$32	61.7 bp −$617	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	741.36	+0.016%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0083%	1h	741.04	−0.027%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.070%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.16	−0.011%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.34	+0.013%	$26.9M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.30	+0.008%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.41	+0.023%	$6.0M	$13.2M	20x	as long as short
Hotstuff META-PERP	0.0000%	1h	741.34	+0.013%	$33K	$105	20x	as long as short
Gate META_USDT	0.0000%	8h	740.71	−0.072%	$343K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.29	+0.006%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni METAlong	0.0000%	8h	741.24	long leg	$1.6M	$2.6M	—
GRVT META_USDT_Perp	0.0000%	8h	741.33	+0.012%	$12K	$504K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	741.51	+0.036%	$1K	$9.5M	20x
HTX META-USDT	0.0000%	8h	741.09	−0.021%	$107K	$287K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.30	+0.008%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.18	−0.008%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.43	+0.025%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.88	−0.049%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.68	+0.059%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.36	+0.016%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.38	+0.019%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.36	+0.016%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.06	−0.025%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.06	−0.025%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.97	+0.098%	$50K	$65K	10x	as long as short
Lighter META	+0.0056%	1h	741.39	+0.020%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.045%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.28	+0.005%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0099%	1h	741.39	+0.020%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.13	−0.015%	$1.6M	$364K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.97	−0.037%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.30	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.17	−0.010%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0168%	1h	741.40	+0.021%	$30K	$256K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.16	−0.011%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0878%	4h	741.29	+0.007%	$62K	$330K	10x	as long as short