Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Pacifica against Deribit−0.015%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 1 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	Deribit META_USDC-PERPETUAL	745.08	0	get 0.0000% / 1h	40m 51s	$34K	$275K	10x
Short	Pacifica META	744.97	0.0100	get 0.0013% / 1h	40m 51s	$13	$106	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now −0.015%Rate

Funding earned: $21
Price spread: −0.015% → 0.000%: −$1.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $4.5
Costs to cover: 0.150%
Break-even: 5.5 days

Slippage unknown: Deribit: live order book, 63 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 Deribit live order book, 63 min ago	0.07 bp	3.6 bp −$4	5.2 bp −$52	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 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	745.44	+0.048%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.32	+0.032%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.23	+0.020%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.43	+0.047%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.33	+0.034%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.59	+0.068%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.11	+0.004%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.44	+0.048%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.36	+0.038%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.63	−0.061%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.50	+0.056%	$1K	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	745.08	long leg	$34K	$275K	10x
HTX META-USDT	0.0000%	8h	745.26	+0.024%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.33	+0.034%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.55	+0.063%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.52	+0.059%	$789K	$3.1M	20x	as long as short
Nado META-PERP	+0.0037%	1h	745.20	+0.016%	$480K	$560K	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.70	−0.051%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.91	+0.111%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.33	+0.034%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.50	+0.056%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.22	+0.019%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.55	+0.062%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	745.52	+0.059%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.60	+0.070%	$47K	$88K	10x	as long as short
Pacifica METAshort	+0.0100%	1h	744.97	−0.015%	$13	$106	10x
KuCoin METAUSDTM	+0.0100%	8h	745.04	−0.005%	$1.6M	$715K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.148%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.32	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.19	+0.015%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.36	+0.038%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.192%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	745.94	+0.115%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	745.94	+0.115%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0495%	4h	744.81	−0.037%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0542%	1h	745.99	+0.122%	$81.0M	$129.8M	20x	as long as short
Phoenix META	+0.0750%	1h	746.26	+0.158%	$797K	$1.5M	20x	as long as short