Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h −0.014%

Price spread now: QFEX against Variational Omni−0.011%7-day average −0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.011%, 7d avg −0.024%

Together, before fees−0.006%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, 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	744.99	0	get 0.0000% / 8h	3h 45m	$2.4M	$3.2M	—
Short	QFEX META-USD	744.91	0.0058	get 0.0007% / 1h	45m 09s	$2.2M	$13.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $12.1
Price spread: −0.011% → −0.024%: $1.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: $3.33
Costs to cover: 0.100%
Break-even: 5.1 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; QFEX: live order book, 9 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, 4 min ago	2.46 bp	doesn't fit	20.2 bp −$202	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	1.95 bp	6.9 bp −$7	9.2 bp −$92	21.2 bp −$2,123	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	745.26	+0.036%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0017%	1h	744.72	−0.037%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.78	−0.029%	$469K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.97	−0.003%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.24	+0.033%	$28.4M	$183.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.00	+0.001%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.08	+0.011%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.51	−0.065%	$364K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.17	+0.024%	$5.4M	$11.8M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	744.99	long leg	$2.4M	$3.2M	—

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	743.99	−0.135%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.06	+0.009%	$781	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.71	−0.038%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.99	−0.001%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.17	+0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.33	+0.045%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.39	−0.081%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.16	+0.022%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.16	+0.022%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.75	−0.033%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.07	+0.010%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.20	−0.107%	$801K	$4.6M	10x	as long as short
QFEX META-USDshort	+0.0058%	1h	744.91	−0.011%	$2.2M	$13.7M	10x
Aftermath Perps METAUSD	+0.0084%	1h	745.31	+0.043%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0096%	8h	744.99	−0.001%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.84	−0.021%	$1.6M	$602K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.16	−0.112%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.25	+0.034%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.02	+0.003%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	744.02	−0.131%	$617K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.08	−0.123%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	745.22	+0.030%	$33K	$105	20x	as long as short
Lighter META	+0.0248%	1h	745.41	+0.056%	$864K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0335%	1h	745.33	+0.045%	$70.1M	$121.0M	20x	as long as short
Phoenix META	+0.0633%	1h	746.12	+0.151%	$768K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0979%	4h	744.81	−0.025%	$62K	$339K	10x	as long as short