Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h —

Price spread now: Pacifica against Paradex−0.054%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Pacifica

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 airdropParadex: Active · Pacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.054% cheaper against Paradex than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	745.44	0.0054	pay 0.0054% / 8h	40m 38s	—	—	5x
Short	Pacifica META	745.03	0.0100	get 0.0013% / 1h	40m 38s	$13	$106	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Paradex. 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 ParadexbpFee PacificabpOrdersPrice spread, now −0.054%Rate

Funding earned: $9.57
Price spread: −0.054% → 0.000%: −$5.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$7.82
Costs to cover: 0.120%
Break-even: 12.7 days

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

Paradex and 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
BloFin META-USDT	−0.0120%	8h	745.44	+0.001%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.33	−0.015%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.23	−0.028%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.47	+0.005%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.34	−0.013%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.59	+0.021%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.11	−0.044%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.42	−0.002%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.36	−0.010%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.63	−0.108%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.50	+0.009%	$1K	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.08	−0.048%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.26	−0.024%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.33	−0.014%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.55	+0.015%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.74	+0.041%	$789K	$3.1M	20x	as long as short
Nado META-PERP	+0.0037%	1h	745.20	−0.032%	$480K	$560K	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.84	−0.080%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.91	+0.064%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.33	−0.014%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.50	+0.009%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.22	−0.029%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERPlong	+0.0054%	8h	745.44	long leg	—	—	5x
Popdex METAUSDT	+0.0064%	1h	745.52	+0.011%	$177K	$203K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.60	+0.022%	$47K	$88K	10x	as long as short
Pacifica METAshort	+0.0100%	1h	745.03	−0.054%	$13	$106	10x
KuCoin METAUSDTM	+0.0100%	8h	745.08	−0.048%	$1.6M	$715K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.195%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.32	−0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.19	−0.033%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.36	−0.010%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.144%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0424%	1h	745.94	+0.068%	$33K	$105	20x	as long as short
Lighter META	+0.0472%	1h	745.93	+0.066%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0495%	4h	744.81	−0.084%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0540%	1h	745.97	+0.072%	$81.0M	$129.8M	20x	as long as short
Phoenix META	+0.0750%	1h	746.26	+0.111%	$797K	$1.5M	20x	as long as short