Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0043%/8h= −4.8% APRpaid last 24h —

Price spread now: Paradex against Pacifica+0.026%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.026% dearer against Pacifica than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	746.33	0.0100	pay 0.0013% / 1h	48m 28s	$636	$1K	10x
Short	Paradex META-USD-PERP	746.52	0.0057	get 0.0057% / 8h	7h 48m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$9.12
Price spread: +0.026% → 0.000%: $2.57
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.54
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Pacifica and Paradex: 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	746.49	+0.022%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	745.96	−0.049%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.85	+0.070%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.25	−0.010%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.27	−0.008%	$25.7M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.14	−0.025%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.98	−0.047%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.13	−0.026%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.27	−0.008%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.026%	$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	745.97	−0.047%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.63	+0.041%	$950	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.25	−0.010%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.21	−0.016%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.58	+0.034%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.89	+0.075%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.22	−0.014%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.95	−0.051%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.41	+0.011%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.15	−0.024%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.69	−0.085%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.23	−0.013%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.70	−0.084%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0057%	8h	746.52	+0.026%	—	—	5x
Aftermath Perps METAUSD	+0.0084%	1h	746.55	+0.030%	$49K	$90K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	746.33	long leg	$636	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	746.37	+0.006%	$1.6M	$747K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.077%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.38	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.21	−0.015%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.12	−0.028%	$647K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.235%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	747.11	+0.105%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	746.41	+0.011%	$84.5M	$132.5M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	746.12	−0.028%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	−0.011%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.011%	$797K	$1.5M	20x	as long as short