Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: ApeX Omni against Pacifica−0.082%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 2 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.082% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	746.36	0.0100	pay 0.0013% / 1h	50m 48s	$633	$1K	10x
Short	ApeX Omni METAUSDT	745.75	0.0100	get 0.0013% / 1h	50m 48s	$167K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → 0.000%: −$8.24
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; ApeX Omni: live order book, 45 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 45 min ago	2.62 bp	23.7 bp −$24	614.1 bp −$6,141	doesn't fit	doesn't fit

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	746.56	+0.026%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	746.65	+0.038%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.26	−0.014%	$483K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.01	−0.047%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.00	−0.049%	$25.7M	$190.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.66	−0.094%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.69	−0.090%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.40	−0.129%	$471K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.69	−0.090%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.021%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.97	−0.052%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.77	+0.054%	$868	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.44	+0.010%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.27	−0.013%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.53	+0.022%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.98	−0.052%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.80	+0.058%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	746.25	−0.015%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.88	+0.069%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.80	+0.058%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.49	+0.017%	$568K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.52	+0.021%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.22	−0.019%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.59	+0.030%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.49	+0.017%	$49K	$90K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	746.36	long leg	$633	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	746.33	−0.005%	$1.6M	$746K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	745.75	−0.082%	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.63	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.44	+0.010%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.12	−0.033%	$647K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.230%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	746.20	−0.022%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0290%	1h	745.79	−0.077%	$84.6M	$132.2M	20x	as long as short
Hotstuff META-PERP	+0.0400%	1h	746.84	+0.064%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	−0.016%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.006%	$797K	$1.5M	20x	as long as short