Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.013%

Price spread now: Variational Omni against Vest−0.015%56s7-day average — · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · Variational Omni: 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: −$1 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	746.45	0.0046	pay 0.0006% / 1h	17m 38s	—	$10K	25x
Short	Variational Omni META	746.33	0	get 0.0000% / 8h	3h 17m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. 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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: −$9.59
Price spread: −0.015% → 0.000%: −$1.55
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.14
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 2 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.46 bp	doesn't fit	12.8 bp −$128	doesn't fit	doesn't fit

Vest: 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 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	746.13	−0.043%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	745.84	−0.082%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.029%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.03	−0.056%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.38	−0.010%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.20	−0.033%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.45	0.000%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.78	−0.090%	$380K	$5.8M	100x	as long as short
Variational Omni METAshort	0.0000%	8h	746.33	−0.015%	$2.4M	$3.2M	—
GRVT META_USDT_Perp	0.0000%	8h	746.41	−0.005%	$12K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.12	−0.044%	$726	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.082%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.97	−0.064%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.50	+0.007%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0023%	8h	746.29	−0.021%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.55	+0.013%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	−0.083%	$111K	$330K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	746.45	long leg	—	$10K	25x
Polymarket Perps META-USD	+0.0050%	1h	745.83	−0.083%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.19	−0.035%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.142%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.18	−0.036%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	746.13	−0.043%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.66	+0.029%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	746.43	−0.003%	$180K	$200K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.43	−0.003%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.41	−0.139%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.22	−0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.13	−0.043%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.098%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.272%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	746.42	−0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.52	+0.009%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0313%	1h	746.35	−0.013%	$70.8M	$121.2M	20x	as long as short
edgeX METAUSDC	+0.0407%	4h	746.35	−0.014%	$62K	$338K	10x	as long as short
Phoenix META	+0.0633%	1h	747.26	+0.109%	$798K	$1.4M	20x	as long as short