Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Pacifica against Polymarket Perps−0.068%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Pacifica

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 pays, the price is against you. Pacifica is 0.068% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	738.64	0.0050	pay 0.0006% / 1h	52m 27s	$557K	$590K	10x
Short	Pacifica META	738.14	0.0100	get 0.0013% / 1h	52m 27s	$611	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. 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 Polymarket PerpsbpFee PacificabpOrdersPrice spread, now −0.068%Rate

Funding earned: $10.5
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.27
Costs to cover: 0.160%
Break-even: 15.2 days

Slippage unknown: Polymarket Perps: live order book, 53 min ago; 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 Polymarket Perps live order book, 53 min ago	1.42 bp	7.1 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	738.65	+0.001%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.16	+0.070%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.14	+0.068%	$491K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.32	−0.043%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.53	−0.015%	$25.2M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.51	−0.018%	$7.4M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.01	+0.050%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.33	−0.042%	$493K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.84	+0.027%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	739.44	+0.109%	$2.6M	$3.2M	—	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	739.32	+0.092%	$12K	$422K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.34	+0.095%	$928	$6.8M	20x	as long as short
HTX META-USDT	0.0000%	8h	738.93	+0.039%	$108K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.45	+0.110%	$2.0M	$9K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0007%	1h	738.49	−0.020%	$36K	$209K	10x	as long as short
Lighter RH META	+0.0032%	1h	738.87	+0.031%	$856K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.90	+0.035%	—	$12K	25x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	738.64	long leg	$557K	$590K	10x
SoDEX META-USD	+0.0050%	1h	738.98	+0.046%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.72	+0.011%	$754K	$5.1M	10x	as long as short
Popdex METAUSDT	+0.0056%	1h	739.00	+0.049%	$178K	$199K	20x	as long as short
QFEX META-USD	+0.0056%	1h	738.59	−0.007%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	738.32	−0.043%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	739.20	+0.076%	$53K	$86K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	738.30	−0.046%	$642K	$7.3M	10x	as long as short
Pacifica METAshort	+0.0100%	1h	738.14	−0.068%	$611	$3K	10x
KuCoin METAUSDTM	+0.0100%	8h	738.73	+0.012%	$1.6M	$934K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.25	−0.053%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.01	+0.050%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.91	+0.036%	$266	—	10x	as long as short
Nado META-PERP	+0.0112%	1h	738.48	−0.021%	$474K	$536K	20x	as long as short
edgeX METAUSDC	+0.0122%	4h	739.43	+0.107%	$62K	$349K	10x	as long as short
Arcus META-USD	+0.0209%	1h	738.40	−0.032%	$110K	$291K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.69	+0.278%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0304%	1h	738.77	+0.018%	$86.8M	$136.1M	20x	as long as short
Lighter META	+0.0352%	1h	738.92	+0.038%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0626%	1h	740.45	+0.245%	$791K	$1.6M	20x	as long as short