Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Pacifica against OKX−0.088%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 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 0.088% cheaper against OKX than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	744.96	0	get 0.0000% / 8h	7h 09m	$6.1M	$12.9M	20x
Short	Pacifica META	744.30	0.0100	get 0.0013% / 1h	9m 21s	$612	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now −0.088%Rate

Funding earned: $21
Price spread: −0.088% → 0.000%: −$8.82
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.82
Costs to cover: 0.180%
Break-even: 8.9 days

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	1.68 bp	9.3 bp −$9	19.0 bp −$190	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	745.10	+0.019%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	−0.021%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.80	−0.021%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.93	−0.004%	$26.0M	$191.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.11	+0.020%	$7.5M	$15.7M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	744.96	long leg	$6.1M	$12.9M	20x
Gate META_USDT	0.0000%	8h	744.52	−0.059%	$441K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.96	0.000%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	−0.035%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.76	−0.027%	$13K	$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	744.83	−0.017%	$812	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.60	−0.048%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.84	−0.016%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.88	−0.011%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0003%	1h	744.62	−0.046%	$479K	$559K	20x	as long as short
Lighter RH META	+0.0032%	1h	745.10	+0.019%	$797K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.86	−0.013%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.55	−0.055%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.26	+0.040%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.95	−0.001%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.86	−0.013%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.01	+0.007%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.04	−0.123%	$727K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	744.89	−0.009%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	744.95	−0.001%	$51K	$91K	10x	as long as short
Pacifica METAshort	+0.0100%	1h	744.30	−0.088%	$612	$2K	10x
KuCoin METAUSDTM	+0.0100%	8h	744.41	−0.074%	$1.6M	$789K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.59	−0.184%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.93	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.77	−0.026%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.19	−0.103%	$642K	$8.0M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	744.96	0.000%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	−0.024%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	745.30	+0.046%	$1.2M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0290%	4h	744.63	−0.044%	$63K	$347K	10x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	745.18	+0.030%	$85.9M	$134.1M	20x	as long as short
Phoenix META	+0.0791%	1h	745.15	+0.026%	$795K	$1.5M	20x	as long as short