Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: SunX against Pacifica+0.077%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 SunX

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. SunX is 0.077% dearer against Pacifica than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica META	745.28	0.0100	pay 0.0013% / 1h	53m 52s	$632	$1K	10x
Short	SunX META-USDT	745.86	0	get 0.0000% / 8h	7h 53m	$1K	$7.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$21
Price spread: +0.077% → 0.000%: $7.72
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$29.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; SunX: 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 SunX live order book, 5 min ago	28.17 bp	32.2 bp −$32	61.8 bp −$618	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
Phemex METAUSDT	−0.0400%	4h	745.69	+0.054%	$2.0M	$8K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	744.39	−0.120%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	744.87	−0.056%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.35	+0.143%	$483K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.09	+0.108%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.53	+0.168%	$25.6M	$190.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.49	+0.162%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.54	+0.168%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.73	+0.060%	$473K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.48	+0.160%	$5.7M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.33	−0.128%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.59	+0.041%	$12K	$438K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	745.86	+0.077%	$1K	$7.9M	20x
HTX META-USDT	0.0000%	8h	745.59	+0.041%	$108K	$312K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0005%	1h	745.01	−0.037%	$53K	$290K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.64	+0.048%	$795K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.54	+0.034%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.26	−0.003%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.64	+0.048%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.78	+0.066%	$177K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.96	−0.044%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.98	−0.041%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.57	−0.096%	$714K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	745.01	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.19	+0.121%	$49K	$90K	10x	as long as short
Pacifica METAlong	+0.0100%	1h	745.28	long leg	$632	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	745.98	+0.093%	$1.6M	$740K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.035%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.45	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.25	−0.004%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.75	−0.072%	$652K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.31	+0.138%	$176K	$52K	30x	as long as short
Lighter META	+0.0256%	1h	745.78	+0.066%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0348%	1h	746.33	+0.140%	$84.7M	$132.0M	20x	as long as short
Hotstuff META-PERP	+0.0512%	1h	745.57	+0.038%	$33K	$105	20x	as long as short
Phoenix META	+0.0750%	1h	745.87	+0.079%	$796K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0993%	4h	745.47	+0.025%	$62K	$344K	10x	as long as short