Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.68 per $10,000 · paid last 24h —

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

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	739.78	0	get 0.0000% / 8h	5h 03m	$2.6M	$3.1M	—
Short	Paradex META-USD-PERP	739.66	0.0068	get 0.0068% / 8h	5h 03m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.016%Rate

Funding earned: $14.37
Price spread: −0.016% → 0.000%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.72
Costs to cover: 0.040%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. 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, 4 min ago	2.46 bp	doesn't fit	25.4 bp −$254	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	739.70	−0.011%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.87	+0.012%	$336K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.00	+0.029%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.63	−0.020%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.92	+0.019%	$25.3M	$190.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.69	−0.013%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.93	+0.020%	$6.0M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.70	−0.011%	$466K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.80	+0.002%	$5.7M	$12.0M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	739.78	long leg	$2.6M	$3.1M	—

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.92	+0.018%	$12K	$427K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.99	+0.028%	$661	$6.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.39	−0.053%	$36K	$207K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.60	−0.025%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.08	+0.040%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.07	+0.039%	$856K	$2.9M	20x	as long as short
QFEX META-USD	+0.0038%	1h	739.75	−0.005%	$2.1M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	739.40	−0.052%	$111K	$291K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.04	+0.035%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.51	−0.037%	$557K	$594K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.79	+0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.26	−0.071%	$753K	$5.1M	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	739.76	−0.003%	$645K	$7.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0068%	8h	739.66	−0.016%	—	—	5x
Aftermath Perps METAUSD	+0.0079%	1h	740.65	+0.117%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	739.30	−0.066%	$609	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.00	+0.029%	$1.6M	$924K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.38	−0.055%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.78	−0.001%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.70	−0.011%	$266	—	10x	as long as short
Nado META-PERP	+0.0123%	1h	739.50	−0.038%	$474K	$535K	20x	as long as short
Popdex METAUSDT	+0.0144%	1h	739.89	+0.014%	$178K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.220%	$167K	$61K	30x	as long as short
edgeX METAUSDC	+0.0290%	4h	739.81	+0.003%	$62K	$350K	10x	as long as short
tradeXYZ xyz:META	+0.0318%	1h	739.81	+0.004%	$86.9M	$136.0M	20x	as long as short
Lighter META	+0.0368%	1h	740.05	+0.036%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	740.46	+0.091%	$791K	$1.5M	20x	as long as short