Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.037%

Price spread now: Variational Omni against Arcus+0.085%7-day average +0.017% · you sell dearer than you buy

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.085%, 7d avg +0.017%

Together, before fees−0.199%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.068% dearer against Arcus than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.017%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	740.20	0.0063	pay 0.0008% / 1h	3m 32s	$110K	$331K	10x
Short	Variational Omni META	740.83	0	get 0.0000% / 8h	7h 03m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. 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 ArcusbpFee Variational OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: −$13.2
Price spread: +0.085% → +0.017%: $6.82
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.88
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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 Arcus live order book, 5 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.46 bp	doesn't fit	18.7 bp −$187	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	740.79	+0.080%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0095%	1h	740.42	+0.030%	$490K	$518K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0034%	1h	740.52	+0.043%	$31K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.28	+0.011%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.36	+0.022%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.57	+0.050%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.73	+0.072%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.32	+0.016%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.51	+0.042%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.55	+0.047%	$5.6M	$11.3M	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 METAshort	0.0000%	8h	740.83	+0.085%	$2.4M	$3.3M	—
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.091%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.05	+0.115%	$822	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.66	+0.062%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.88	+0.092%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.75	+0.074%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.96	+0.103%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.51	+0.042%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.75	+0.074%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.87	+0.091%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.07	−0.018%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.41	+0.028%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.58	+0.051%	—	—	5x	as long as short
Arcus META-USDlong	+0.0063%	1h	740.20	long leg	$110K	$331K	10x
Aftermath Perps METAUSD	+0.0068%	1h	740.95	+0.102%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.81	+0.082%	$1.6M	$454K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.31	+0.015%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.82	+0.084%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.69	+0.066%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.63	+0.058%	$608K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	740.70	+0.068%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0166%	1h	740.70	+0.068%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	740.76	+0.076%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.240%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	740.42	+0.030%	$330K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.007%	$62K	$335K	10x	as long as short