Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1700%/8h= −186.1% APRnext payment −$2.13 per $10,000 · paid last 24h —

Price spread now: Hotstuff against Pacifica−0.027%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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 · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Hotstuff is 0.027% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	742.60	0.0100	pay 0.0013% / 1h	59m 05s	$636	$2K	10x
Short	Hotstuff META-PERP	742.40	−0.1600	pay 0.0200% / 1h	59m 05s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$357
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$372.68
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Hotstuff: 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 Pacifica no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Pacifica and Hotstuff: 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 exchanges

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
Hotstuff META-PERPshort	−0.1600%	1h	742.40	−0.027%	$33K	$105	20x
BloFin META-USDT	−0.0120%	8h	742.75	+0.020%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.00	+0.054%	$493K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.33	−0.036%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.66	+0.008%	$26.0M	$192.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.69	+0.012%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.92	+0.043%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.17	−0.058%	$454K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.65	+0.007%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	742.21	−0.052%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.32	+0.097%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.64	+0.005%	$828	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.58	−0.003%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.98	+0.051%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.62	+0.003%	$840K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.18	−0.056%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	742.49	−0.015%	$2.2M	$14.0M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.76	+0.022%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.20	−0.054%	$559K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.51	−0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.87	−0.098%	$701K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	742.32	−0.037%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.16	−0.059%	$661K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	742.82	+0.030%	$53K	$78K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	742.60	long leg	$636	$2K	10x
KuCoin METAUSDTM	+0.0100%	8h	742.53	−0.009%	$1.6M	$860K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.94	−0.089%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.47	−0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.44	−0.022%	$267	—	10x	as long as short
Nado META-PERP	+0.0159%	1h	742.07	−0.071%	$476K	$552K	20x	as long as short
Popdex METAUSDT	+0.0160%	1h	742.57	−0.004%	$179K	$200K	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0208%	1h	742.24	−0.048%	$36K	$261K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.93	+0.045%	$168K	$61K	30x	as long as short
Lighter META	+0.0336%	1h	742.72	+0.016%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0337%	1h	742.42	−0.024%	$86.0M	$135.3M	20x	as long as short
Phoenix META	+0.0643%	1h	743.87	+0.171%	$794K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0758%	4h	742.34	−0.035%	$62K	$350K	10x	as long as short