Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.046%

Price spread now: Extended against Variational Omni−0.013%7-day average −0.016% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.126%+$13 on $10k

Price spread, last 7 days−0.366%−$37 · spread now −0.013%, 7d avg −0.016%

Together, before fees−0.239%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$24 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	745.83	0	get 0.0000% / 8h	1h 48m	$2.4M	$3.3M	—
Short	Extended META_24_5-USD	745.73	0	get 0.0000% / 1h	48m 54s	$552K	$2.6M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.016%: $0.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.63
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Extended: 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, just now	2.46 bp	doesn't fit	19.4 bp −$194	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.87 bp	6.1 bp −$6	34.2 bp −$342	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	746.00	+0.023%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	745.55	−0.037%	$483K	$558K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.52	−0.042%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	745.73	−0.013%	$552K	$2.6M	17x
Binance METAUSDT	0.0000%	8h	745.90	+0.010%	$26.6M	$187.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.82	−0.001%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.01	+0.025%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.58	−0.033%	$435K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.97	+0.019%	$5.5M	$12.2M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	745.83	long leg	$2.4M	$3.3M	—

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	746.06	+0.031%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.78	−0.006%	$801	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.61	−0.029%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.01	+0.025%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0003%	4h	745.95	+0.017%	$62K	$343K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.78	−0.006%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.12	+0.039%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.43	−0.053%	$110K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.18	+0.047%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.02	+0.026%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.54	−0.038%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.67	−0.021%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.87	−0.128%	$720K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	745.73	−0.013%	—	—	5x	as long as short
Deribit META_USDC-PERPETUAL	+0.0072%	1h	745.31	−0.069%	$34K	$270K	10x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.84	+0.136%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.87	+0.006%	$1.6M	$667K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.029%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.70	−0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	−0.048%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.053%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.977%	$174K	$46K	30x	as long as short
Lighter META	+0.0400%	1h	746.03	+0.027%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0456%	1h	745.90	+0.010%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0563%	1h	746.38	+0.074%	$76.8M	$126.8M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.193%	$798K	$1.5M	20x	as long as short