Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h —

Price spread now: SoDEX against Pacifica+0.053%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 SoDEX

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 · farm boardneeds both histories

The price spread pays, funding is against you. SoDEX is 0.053% dearer against Pacifica than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	744.30	0.0100	pay 0.0013% / 1h	44m 39s	$634	$1K	10x
Short	SoDEX META-USD	744.69	0.0050	get 0.0006% / 1h	44m 39s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$10.5
Price spread: +0.053% → 0.000%: $5.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.2
Costs to cover: 0.160%
Break-even: never at this rate

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

Pacifica and SoDEX: 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	745.02	+0.097%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	744.02	−0.037%	$480K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.10	+0.109%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.26	−0.004%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.49	+0.027%	$25.8M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.16	−0.018%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.09	−0.028%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.65	−0.087%	$473K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.18	−0.016%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	+0.071%	$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	746.46	+0.290%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.94	+0.087%	$840	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.54	+0.033%	$53K	$282K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.52	+0.030%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.52	+0.165%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.34	+0.006%	$794K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.12	−0.024%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.90	−0.053%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.72	+0.057%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.21	−0.011%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.66	+0.049%	$566K	$619K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	744.69	+0.053%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	743.96	−0.045%	$724K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	744.02	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0082%	1h	745.56	+0.170%	$49K	$90K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	744.30	long leg	$634	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	744.69	+0.053%	$1.6M	$752K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.132%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.33	+0.139%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.11	+0.109%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	+0.027%	$652K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.91	+0.486%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	744.48	+0.025%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0252%	1h	744.24	−0.007%	$84.2M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.117%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0372%	4h	746.05	+0.236%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.251%	$797K	$1.5M	20x	as long as short