Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Pacifica against Bitget+0.002%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	743.71	0	get 0.0000% / 8h	6h 21m	$5.7M	$12.3M	100x
Short	Pacifica META	743.72	0.0100	get 0.0013% / 1h	21m 39s	$608	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.002%Rate

Funding earned: $21
Price spread: +0.002% → 0.000%: $0.2
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $1.2
Costs to cover: 0.200%
Break-even: 6.6 days

Slippage unknown: Bitget: live order book, 5 min ago; 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 Bitget live order book, 5 min ago	1.14 bp	11.3 bp −$11	16.6 bp −$166	37.6 bp −$3,760	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	+0.023%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.87	+0.156%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.53	−0.024%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.69	−0.003%	$26.0M	$192.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.76	+0.007%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.70	−0.001%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.25	−0.062%	$456K	$6.5M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	743.71	long leg	$5.7M	$12.3M	100x
Variational Omni META	0.0000%	8h	743.90	+0.026%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.94	+0.030%	$12K	$435K	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	+0.058%	$896	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.33	−0.051%	$36K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.44	−0.036%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.85	+0.019%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.83	+0.016%	$821K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.28	−0.058%	$111K	$313K	10x	as long as short
QFEX META-USD	+0.0041%	1h	743.65	−0.008%	$2.2M	$14.1M	10x	as long as short
Nado META-PERP	+0.0042%	1h	743.59	−0.016%	$477K	$551K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.21	+0.067%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.89	+0.024%	$179K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.49	−0.030%	$560K	$614K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.66	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.03	−0.091%	$704K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	743.58	−0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	744.42	+0.095%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.43	−0.038%	$652K	$7.8M	10x	as long as short
Pacifica METAshort	+0.0100%	1h	743.72	+0.002%	$608	$2K	10x
KuCoin METAUSDTM	+0.0100%	8h	743.84	+0.017%	$1.6M	$835K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.59	−0.016%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.86	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.54	−0.023%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.77	+0.008%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.07	+0.183%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0267%	1h	743.64	−0.009%	$86.1M	$135.0M	20x	as long as short
Lighter META	+0.0272%	1h	743.91	+0.027%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.61	+0.121%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	743.85	+0.019%	$63K	$347K	10x	as long as short