Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: Extended against Pacifica+0.012%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 Extended

What this pair did over the last

the charts below follow

Funding, last 1 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 · Extended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Pacifica META	744.56	0.0100	pay 0.0013% / 1h	43m 56s	$13	$106	10x
Short	Extended META_24_5-USD	744.65	0	get 0.0000% / 1h	43m 56s	$547K	$3.4M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$21
Price spread: +0.012% → 0.000%: $1.19
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.81
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	0.47 bp	5.5 bp −$6	34.3 bp −$343	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	744.46	−0.013%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.51	+0.128%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	744.65	+0.012%	$547K	$3.4M	17x
Binance METAUSDT	0.0000%	8h	744.85	+0.039%	$25.2M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.61	+0.007%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.73	+0.023%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.97	−0.079%	$465K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.77	+0.028%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	744.45	−0.015%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.56	0.000%	$12K	$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	744.65	+0.012%	$752	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.17	−0.052%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.39	−0.023%	$107K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.72	+0.021%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.34	−0.030%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.14	−0.056%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.84	+0.038%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.15	−0.055%	$564K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.61	+0.007%	$25K	$3K	10x	as long as short
Nado META-PERP	+0.0050%	1h	743.95	−0.082%	$479K	$560K	20x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.90	−0.089%	$728K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	744.44	−0.017%	—	—	5x	as long as short
Lighter RH META	+0.0064%	1h	744.98	+0.056%	$788K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.29	+0.098%	$47K	$88K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	744.58	+0.003%	$177K	$203K	20x	as long as short
Pacifica METAlong	+0.0100%	1h	744.56	long leg	$13	$106	10x
KuCoin METAUSDTM	+0.0100%	8h	744.68	+0.016%	$1.6M	$712K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.39	−0.157%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.59	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.42	−0.019%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.11	−0.061%	$647K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.262%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	744.96	+0.054%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0484%	4h	744.08	−0.065%	$62K	$345K	10x	as long as short
Lighter META	+0.0496%	1h	745.31	+0.101%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0549%	1h	745.29	+0.098%	$80.8M	$129.6M	20x	as long as short
Phoenix META	+0.0750%	1h	745.49	+0.125%	$796K	$1.5M	20x	as long as short