Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h —

Price spread now: Pacifica against BloFin−0.117%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.117% cheaper against BloFin than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 43 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	740.35	−0.0120	get 0.0120% / 8h	5h 30m	$338K	$1.1M	20x
Short	Pacifica META	739.48	0.0100	get 0.0013% / 1h	30m 31s	$614	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.117%Rate

Funding earned: $46.2
Price spread: −0.117% → 0.000%: −$11.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $14.46
Costs to cover: 0.200%
Break-even: 4.8 days

Slippage unknown: BloFin: live order book, 10 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 BloFin live order book, 10 min ago	0.68 bp	7.7 bp −$8	11.1 bp −$111	doesn't fit	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
Hotstuff META-PERP	−0.1600%	1h	735.21	−0.694%	$33K	$105	20x	as long as short
BloFin META-USDTlong	−0.0120%	8h	740.35	long leg	$338K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	740.58	+0.031%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.90	−0.061%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.15	−0.027%	$25.6M	$192.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.06	−0.039%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.45	+0.014%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.99	−0.049%	$463K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.19	−0.022%	$5.7M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.19	−0.021%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.17	−0.024%	$12K	$433K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.20	−0.020%	$962	$7.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.16	−0.026%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.46	+0.015%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.37	+0.003%	$869K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.02	−0.045%	$2.1M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	739.85	−0.068%	$111K	$290K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.21	−0.019%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.08	−0.036%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.22	−0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.112%	$744K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.88	−0.063%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.14	−0.028%	$648K	$7.5M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	740.79	+0.059%	$53K	$86K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	740.37	+0.003%	$178K	$198K	20x	as long as short
Pacifica METAshort	+0.0100%	1h	739.48	−0.117%	$614	$2K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.12	−0.031%	$1.6M	$896K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.17	−0.024%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.34	−0.001%	$1K	$59	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.22	−0.018%	$266	—	10x	as long as short
Nado META-PERP	+0.0117%	1h	739.63	−0.098%	$474K	$550K	20x	as long as short
edgeX METAUSDC	+0.0163%	4h	740.59	+0.033%	$62K	$350K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.41	+0.278%	$167K	$61K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0277%	1h	739.91	−0.059%	$36K	$217K	10x	as long as short
tradeXYZ xyz:META	+0.0321%	1h	740.28	−0.009%	$86.6M	$135.9M	20x	as long as short
Lighter META	+0.0344%	1h	740.31	−0.005%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	741.63	+0.173%	$792K	$1.5M	20x	as long as short