Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: Variational Omni against OKX−0.020%7-day average −0.001% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.020%, 7d avg −0.001%

Together, before fees+0.045%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	740.36	0	get 0.0000% / 8h	7h 00m	$6.0M	$13.3M	20x
Short	Variational Omni META	740.22	0	get 0.0000% / 8h	7h 00m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.001%: −$1.82
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 OKX live order book, 2 min ago	0.94 bp	9.7 bp −$10	22.1 bp −$221	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 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
Deribit META_USDC-PERPETUAL	−0.0128%	1h	739.97	−0.053%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.39	+0.004%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0102%	1h	740.32	−0.006%	$490K	$524K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.43	+0.010%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.017%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.38	+0.003%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.47	+0.015%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	740.36	long leg	$6.0M	$13.3M	20x
Gate META_USDT	0.0000%	8h	740.26	−0.014%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.40	+0.005%	$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	740.22	−0.020%	$2.4M	$3.3M	—
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.069%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.67	+0.042%	$821	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.19	−0.023%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.72	+0.049%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.62	+0.035%	$753K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.82	+0.062%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.38	+0.003%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.19	−0.023%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.35	−0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.97	−0.053%	$693K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.20	−0.022%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.30	−0.009%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.10	−0.035%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.00	+0.086%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	740.49	+0.018%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.70	+0.046%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.26	−0.014%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.46	+0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.28	−0.011%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.19	−0.023%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0163%	1h	740.52	+0.022%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0192%	1h	740.59	+0.031%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.332%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.55	+0.161%	$339K	$930K	20x	as long as short
edgeX METAUSDC	+0.0352%	4h	740.50	+0.019%	$62K	$336K	10x	as long as short