Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: KuCoin against Pacifica+0.064%46s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 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: KuCoin is 0.064% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	739.38	0.0100	pay 0.0013% / 1h	8m 52s	$609	$3K	10x
Short	KuCoin METAUSDTM	739.86	0.0100	get 0.0100% / 8h	5h 08m	$1.6M	$917K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → 0.000%: $6.43
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; KuCoin: 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 KuCoin live order book, 5 min ago	5.61 bp	28.2 bp −$28	doesn't fit	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 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-PERP	−0.1600%	1h	739.66	+0.037%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.18	+0.108%	$336K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.00	+0.083%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.95	+0.076%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.21	+0.111%	$25.3M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.16	+0.105%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.47	+0.147%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.12	+0.099%	$467K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.35	+0.131%	$5.7M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.95	+0.076%	$2.6M	$3.1M	—	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	740.13	+0.101%	$12K	$427K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.20	+0.110%	$982	$6.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.60	+0.029%	$36K	$208K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.99	+0.082%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.22	+0.113%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.30	+0.124%	$856K	$2.9M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.19	+0.109%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	739.72	+0.045%	$111K	$291K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.24	+0.116%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.75	+0.049%	$558K	$595K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	+0.094%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.01	−0.051%	$755K	$5.1M	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	739.36	−0.003%	$647K	$7.3M	10x	as long as short
Paradex META-USD-PERP	+0.0067%	8h	739.94	+0.076%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	740.25	+0.117%	$53K	$86K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	739.38	long leg	$609	$3K	10x
KuCoin METAUSDTMshort	+0.0100%	8h	739.86	+0.064%	$1.6M	$917K	20x
ApeX Omni METAUSDT	+0.0100%	1h	738.96	−0.057%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.07	+0.093%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.95	+0.076%	$266	—	10x	as long as short
Nado META-PERP	+0.0127%	1h	739.50	+0.016%	$474K	$535K	20x	as long as short
Popdex METAUSDT	+0.0144%	1h	740.21	+0.112%	$178K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.85	+0.063%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0322%	1h	739.98	+0.081%	$86.8M	$135.8M	20x	as long as short
Lighter META	+0.0368%	1h	740.32	+0.127%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	740.02	+0.086%	$790K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0660%	4h	739.72	+0.045%	$62K	$348K	10x	as long as short