Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0807%/8h= +88.4% APRpaid last 24h —

Price spread now: edgeX against Pacifica+0.188%112s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.188% dearer against Pacifica than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	745.54	0.0100	pay 0.0013% / 1h	57m 37s	$632	$1K	10x
Short	edgeX METAUSDC	746.95	0.0907	get 0.0453% / 4h	3h 57m	$62K	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.188%Rate

Funding earned: $169.45
Price spread: +0.188% → 0.000%: $18.84
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $171.29
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; edgeX: live order book, 41 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 edgeX live order book, 41 min ago	5.50 bp	10.1 bp −$10	11.6 bp −$116	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	745.35	−0.026%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.00	+0.061%	$480K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.43	−0.015%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.64	+0.013%	$25.4M	$190.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.41	−0.018%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.48	−0.008%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.37	−0.023%	$476K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.31	−0.031%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.50	+0.263%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.70	+0.289%	$12K	$439K	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	745.53	−0.002%	$571	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.37	−0.023%	$53K	$293K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.01	+0.063%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.93	+0.052%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0027%	1h	744.76	−0.105%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.51	−0.004%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.051%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.68	+0.019%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.60	−0.126%	$566K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.50	−0.006%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.30	−0.032%	$729K	$5.1M	10x	as long as short
Popdex METAUSDT	+0.0056%	1h	745.25	−0.039%	$177K	$202K	20x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.26	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.11	+0.077%	$49K	$91K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	745.54	long leg	$632	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	745.74	+0.027%	$1.6M	$736K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.64	+0.147%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.82	+0.037%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.63	+0.012%	$268	—	10x	as long as short
Lighter RH META	+0.0120%	1h	745.77	+0.031%	$795K	$2.9M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	745.16	−0.051%	$642K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.130%	$176K	$52K	30x	as long as short
Lighter META	+0.0328%	1h	745.84	+0.040%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0466%	1h	745.58	+0.005%	$84.6M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0552%	1h	745.43	−0.015%	$33K	$105	20x	as long as short
Phoenix META	+0.0750%	1h	748.38	+0.381%	$799K	$1.5M	20x	as long as short
edgeX METAUSDCshort	+0.0907%	4h	746.95	+0.188%	$62K	$345K	10x