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Price arb /

META

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Spread before costs (cost unknown: a leg has no order-book sample)+0.251%
7d average−0.015%if it closes, per $10,000$25funding while held, a day+$0.00
Long on Variational OmniShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni META720.320get 0.0000% / 8h3m 01s$1.3M$2.0M—
ShortBybit METAUSDT722.130get 0.0000% / 8h3m 01s$7.6M$8.4M100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$25.09
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$14.09
Spread needed to break even
0.110%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago3.63 bpdoesn't fit13.2 bp −$132doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.04 bp9.3 bp −$918.2 bp −$182doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni719.17cheapestAftermath Perps720.23+0.147%
Variational Omni720.32+0.160%
Ondo Perps720.94+0.246%Injective721.04+0.260%edgeX721.41+0.312%Phoenix721.47+0.320%HTX721.54+0.330%Phemex721.72+0.355%Gate721.77+0.362%Nado721.79+0.365%KuCoin721.92+0.382%Deribit721.95+0.387%Hotstuff721.96+0.388%Aster721.97+0.389%Aevo721.97+0.389%Coinbase International721.99+0.392%BloFin722.00+0.394%Orderly722.01+0.395%tradeXYZ722.08+0.405%Extended722.08+0.405%
Bybit722.13+0.412%
Lighter722.14+0.413%Lighter RH722.14+0.413%SunX722.19+0.420%SoDEX722.21+0.423%QFEX722.24+0.427%Popdex722.24+0.427%Binance722.25+0.428%Bitget722.26+0.430%OKX722.28+0.432%Paradex722.33+0.439%Arcus722.36+0.444%Vest722.36+0.444%Polymarket Perps722.48+0.460%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni METAUSDT−0.160%+0.0100%1h$112K$46K50xas long as short
Aftermath Perps METAUSD−0.013%+0.0211%1h$43K$47K10xas long as short
Variational Omni METAlong0.000%0.0000%8h$1.3M$2.0M—
Ondo Perps META-USD.P+0.086%+0.0050%1h$843K$2.7M10xas long as short
Injective META/USDC PERP+0.100%+0.0220%1h$164K$135K30xas long as short
edgeX METAUSDC+0.151%+0.0352%4h$61K$325K10xas long as short
Phoenix META+0.159%+0.0090%1h$280K$284K20xas long as short
HTX META-USDT+0.169%0.0000%8h$102K$270K30xas long as short
Phemex METAUSDT+0.194%0.0000%4h$1.9M$5K10xas long as short
Gate META_USDT+0.201%0.0000%8h$370K$3.4M100xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado META-PERP+0.204%+0.0014%1h$426K$100K20xas long as short
KuCoin METAUSDTM+0.222%+0.0100%8h$1.5M$159K20xas long as short
Deribit META_USDC-PERPETUAL+0.226%0.0000%1h$27K$258K10xas long as short
Hotstuff META-PERP+0.227%−0.0184%1h$32K$10520xas long as short
Aster METAUSDT+0.228%0.0000%8h$444K$88K20xas long as short
Aevo META-PERP+0.229%+0.0104%1h$260—10xas long as short
Coinbase International META-PERP-INTX+0.231%+0.0056%1h$690K$5.3M10xas long as short
BloFin META-USDT+0.233%−0.0120%8h$334K$502K20xas long as short
Orderly PERP_META_USDC_mythos+0.234%+0.0100%8h$1K—10xas long as short
tradeXYZ xyz:META+0.244%+0.0050%1h$63.4M$48.1M20xas long as short
Extended META_24_5-USD+0.244%0.0000%1h$523K$1.3M17xas long as short
Bybit METAUSDTshort+0.251%0.0000%8h$7.6M$8.4M100x
Lighter META+0.252%+0.0032%1h$698K$2.2M20xas long as short
Lighter RH META+0.252%+0.0032%1h$645K$2.6M20xas long as short
SunX META-USDT+0.259%0.0000%8h$1K$9.1M20xas long as short
SoDEX META-USD+0.262%+0.0050%1h$24K$3K10xas long as short
QFEX META-USD+0.266%+0.0028%1h$1.8M$6.7M10xas long as short
Popdex METAUSDT+0.266%+0.0048%1h$171K$159K20xas long as short
Binance METAUSDT+0.267%0.0000%8h$25.4M$102.4M20xas long as short
Bitget METAUSDT+0.269%0.0000%8h$5.0M$6.5M100xas long as short
OKX META-USDT-SWAP+0.272%0.0000%8h$5.8M$9.1M20xas long as short
Paradex META-USD-PERP+0.278%+0.0051%8h——5xas long as short
Arcus META-USD+0.283%+0.0088%1h$283K$251K10xas long as short
Vest META-USD-PERP+0.283%+0.0046%1h—$6K25xas long as short
Polymarket Perps META-USD+0.300%+0.0050%1h$657K$469K10xas long as short