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: Aster against Pacifica+0.036%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.036% dearer against Pacifica than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	742.69	0.0100	pay 0.0013% / 1h	23m 08s	$606	$2K	10x
Short	Aster METAUSDT	742.96	0	get 0.0000% / 8h	7h 23m	$487K	$612K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$21
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Aster: live order book, 10 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 Aster live order book, 10 min ago	13.36 bp	31.8 bp −$32	67.2 bp −$672	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	742.85	+0.021%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	742.02	−0.091%	$477K	$560K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	742.96	+0.036%	$487K	$612K	20x
Extended META_24_5-USD	0.0000%	1h	742.67	−0.003%	$544K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.96	+0.036%	$25.9M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.89	+0.027%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.00	+0.042%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.14	−0.074%	$480K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.86	+0.023%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	741.77	−0.124%	$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	742.33	−0.048%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.71	+0.003%	$1K	$7.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.51	−0.024%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.26	+0.077%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0019%	1h	742.48	−0.028%	$37K	$269K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.85	+0.021%	$792K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.58	−0.015%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.28	−0.055%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.89	+0.027%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.68	−0.001%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.00	−0.093%	$564K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.51	−0.024%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.02	−0.090%	$737K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	742.22	−0.064%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.29	+0.081%	$51K	$93K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	742.69	long leg	$606	$2K	10x
KuCoin METAUSDTM	+0.0100%	8h	742.87	+0.024%	$1.6M	$774K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.63	−0.143%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.89	+0.027%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.59	−0.014%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.26	−0.058%	$628K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.281%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0272%	1h	742.76	+0.009%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	743.02	+0.044%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0308%	1h	742.79	+0.013%	$84.7M	$133.4M	20x	as long as short
Phoenix META	+0.0791%	1h	743.14	+0.061%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	741.93	−0.102%	$63K	$346K	10x	as long as short