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 −0.026%

Price spread now: SunX against Variational Omni+0.002%7-day average +0.028% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now +0.002%, 7d avg +0.028%

Together, before fees+0.169%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.026% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni META	742.48	0	get 0.0000% / 8h	4h 39m	$2.4M	$3.1M	—
Short	SunX META-USDT	742.49	0	get 0.0000% / 8h	4h 39m	$1K	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.028%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.59
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; SunX: live order book, 10 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, 5 min ago	2.46 bp	doesn't fit	24.0 bp −$240	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	28.07 bp	32.1 bp −$32	doesn't fit	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	742.32	−0.021%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0041%	1h	741.79	−0.093%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.36	−0.016%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.14	−0.045%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.32	−0.021%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.19	−0.039%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.16	−0.043%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.95	−0.071%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	−0.014%	$5.4M	$11.7M	100x	as long as short
Variational Omni METAlong	0.0000%	8h	742.48	long leg	$2.4M	$3.1M	—

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	742.51	+0.004%	$12K	$440K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	742.49	+0.002%	$1K	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.70	−0.105%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.14	−0.045%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	−0.017%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.42	−0.008%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.30	−0.024%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.06	−0.056%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.45	−0.004%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.27	−0.028%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.02	−0.062%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.30	−0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.106%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.06	−0.056%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.091%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.42	−0.008%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.083%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.30	−0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.20	−0.037%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.062%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	742.35	−0.017%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.268%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.39	−0.012%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	742.33	−0.020%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	−0.013%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.117%	$647K	$1.2M	20x	as long as short