Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.016%

Price spread now: Variational Omni against Nado+0.056%7-day average +0.022% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.056%, 7d avg +0.022%

Together, before fees+0.222%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.033% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	743.39	−0.0019	get 0.0002% / 1h	14m 09s	$481K	$553K	20x
Short	Variational Omni META	743.81	0	get 0.0000% / 8h	4h 14m	$2.4M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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 NadobpFee Variational OmnibpOrdersPrice spread, now +0.056%Rate

Funding earned: $3.99
Price spread: +0.056% → +0.022%: $3.34
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.33
Costs to cover: 0.070%
Break-even: 6.4 days

Slippage unknown: Nado: live order book, 44 min ago; Variational Omni: RFQ quote, 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 Nado live order book, 44 min ago	0.47 bp	12.6 bp −$13	93.6 bp −$936	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.46 bp	doesn't fit	2.5 bp −$25	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	743.98	+0.079%	$329K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0019%	1h	743.39	long leg	$481K	$553K	20x
Aster METAUSDT	0.0000%	8h	743.48	+0.011%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.99	+0.081%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.09	+0.094%	$28.0M	$181.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.92	+0.071%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.00	+0.081%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.43	+0.005%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.16	+0.103%	$5.4M	$11.7M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	743.81	+0.056%	$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	743.92	+0.070%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.11	+0.096%	$934	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.99	+0.080%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.59	+0.026%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.98	+0.079%	$775K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.95	+0.075%	$2.2M	$13.8M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.49	+0.013%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.01	+0.083%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.21	+0.110%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.70	+0.041%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.96	+0.076%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.35	−0.006%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	743.89	+0.067%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.98	+0.078%	$52K	$82K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0100%	1h	743.46	+0.009%	$31K	$246K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.76	+0.049%	$1.6M	$550K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.07	−0.044%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.14	+0.100%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.84	+0.060%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.049%	$615K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	743.87	+0.064%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.099%	$171K	$48K	30x	as long as short
Lighter META	+0.0264%	1h	743.95	+0.075%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0277%	1h	743.83	+0.059%	$69.6M	$120.6M	20x	as long as short
edgeX METAUSDC	+0.0374%	4h	743.85	+0.061%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.176%	$701K	$1.2M	20x	as long as short