Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Pacifica against Aftermath Perps−0.093%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 hours (all we have)—no history yet

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

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

Funding pays, the price is against you. Pacifica is 0.093% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	744.42	0.0074	pay 0.0009% / 1h	21m 36s	$52K	$77K	10x
Short	Pacifica META	743.72	0.0100	get 0.0013% / 1h	21m 36s	$608	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aftermath Perps. 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 Aftermath PerpsbpFee PacificabpOrdersPrice spread, now −0.093%Rate

Funding earned: $5.37
Price spread: −0.093% → 0.000%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.94
Costs to cover: 0.170%
Break-even: 34.3 days

Slippage unknown: Aftermath Perps: no order-book sample; Pacifica: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Aftermath Perps and Pacifica: 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
BloFin META-USDT	−0.0120%	8h	743.88	−0.072%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.85	+0.059%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.47	−0.128%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.69	−0.098%	$26.0M	$192.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.54	−0.118%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.70	−0.096%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.24	−0.158%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.69	−0.098%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	743.90	−0.069%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.88	−0.072%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.14	−0.037%	$896	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.146%	$36K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.44	−0.131%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.85	−0.076%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.83	−0.079%	$821K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.28	−0.153%	$111K	$313K	10x	as long as short
QFEX META-USD	+0.0041%	1h	743.55	−0.117%	$2.2M	$14.1M	10x	as long as short
Nado META-PERP	+0.0041%	1h	743.44	−0.131%	$477K	$551K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.19	−0.031%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.71	−0.095%	$179K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.36	−0.142%	$560K	$614K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.66	−0.102%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.03	−0.186%	$704K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.58	−0.113%	—	—	5x	as long as short
Aftermath Perps METAUSDlong	+0.0074%	1h	744.42	long leg	$52K	$77K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	743.43	−0.133%	$652K	$7.8M	10x	as long as short
Pacifica METAshort	+0.0100%	1h	743.72	−0.093%	$608	$2K	10x
KuCoin METAUSDTM	+0.0100%	8h	743.84	−0.078%	$1.6M	$835K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.59	−0.111%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.86	−0.075%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.54	−0.118%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.77	−0.087%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.07	+0.088%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	743.64	−0.105%	$86.1M	$135.0M	20x	as long as short
Lighter META	+0.0272%	1h	743.91	−0.068%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.54	+0.016%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	743.85	−0.076%	$63K	$347K	10x	as long as short