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 +0.030%

Price spread now: Pacifica against HTX+0.007%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.043%+$4 on $10k

Price spread, last 1 day (all we have)−0.038%−$4 · spread now +0.007%, 7d avg +0.011%

Together, before fees+0.005%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, 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	HTX META-USDT	740.31	0	get 0.0000% / 8h	6h 10m	$107K	$282K	30x
Short	Pacifica META	740.36	0.0100	get 0.0013% / 1h	10m 11s	$48K	$145K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now +0.007%Rate

Funding earned: $21
Price spread: +0.007% → +0.011%: −$0.46
Slippage, 4 orders: −$28.41
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$27.86
Costs to cover: 0.484%
Break-even: 16.3 days

Slippage from HTX: live order book, 50 min ago; Pacifica: live order book, 42 min ago.

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 HTX live order book, 50 min ago	2.70 bp	13.9 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	8.91 bp	12.9 bp −$13	24.4 bp −$244	doesn't fit	doesn't fit

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
Nado META-PERP	−0.0001%	1h	740.32	+0.001%	$443K	$252K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.48	+0.023%	$522K	$441K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.42	+0.015%	$551K	$8.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.49	+0.024%	$20.1M	$154.1M	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.62	+0.042%	$6.0M	$11.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.59	+0.038%	$721K	$4.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.49	+0.024%	$4.8M	$10.5M	100x	as long as short
Variational Omni META	0.0000%	8h	740.46	+0.021%	$2.5M	$878K	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.47	+0.022%	$12K	$376K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.51	+0.027%	$703	$1.0M	20x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.45	+0.019%	$46K	$747K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	740.31	long leg	$107K	$282K	30x
Phemex METAUSDT	0.0000%	4h	740.48	+0.023%	$2.0M	$10K	10x	as long as short
BloFin META-USDT	+0.0021%	8h	740.62	+0.042%	$352K	$684K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.85	+0.073%	$990K	$2.8M	20x	as long as short
QFEX META-USD	+0.0035%	1h	740.59	+0.038%	$1.6M	$9.3M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.004%	—	$65K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.48	+0.023%	$181K	$266K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.48	+0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.77	−0.073%	$636K	$3.6M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.56	+0.033%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0066%	1h	741.11	+0.108%	$65K	$124K	10x	as long as short
Bybit METAUSDT	+0.0068%	8h	740.81	+0.068%	$8.6M	$12.9M	100x	as long as short
Pacifica METAshort	+0.0100%	1h	740.36	+0.007%	$48K	$145K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.40	+0.012%	$1.6M	$1.8M	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.14	−0.023%	$75K	$180K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.68	+0.050%	$2K	$1K	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.48	+0.023%	$267	$193	10x	as long as short
tradeXYZ xyz:META	+0.0144%	1h	740.48	+0.023%	$92.3M	$138.0M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0168%	1h	740.05	−0.035%	$477K	$5.0M	10x	as long as short
Lighter META	+0.0216%	1h	740.78	+0.063%	$1.6M	$5.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.26	−0.007%	$164K	$143K	30x	as long as short
Polymarket Perps META-USD	+0.0238%	1h	741.00	+0.093%	$836K	$2.8M	10x	as long as short
Hotstuff META-PERP	+0.0304%	1h	740.43	+0.016%	$33K	—	20x	as long as short
edgeX METAUSDC	+0.0498%	4h	740.36	+0.007%	$103K	$407K	10x	as long as short
Phoenix META	+0.0572%	1h	741.18	+0.118%	$791K	$491K	20x	as long as short
Arcus META-USD	+0.0760%	1h	740.43	+0.016%	$193K	$9.0M	10x	as long as short