Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Pacifica against Popdex+0.023%7-day average — · you sell dearer than you buy

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

Long on Popdex Short on Pacifica

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.023% dearer against Popdex than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	745.59	0.0056	pay 0.0007% / 1h	23m 14s	$177K	$202K	20x
Short	Pacifica META	745.76	0.0100	get 0.0013% / 1h	23m 14s	$48	$307	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Popdex. 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 PopdexbpFee PacificabpOrdersPrice spread, now +0.023%Rate

Funding earned: $9.24
Price spread: +0.023% → 0.000%: $2.31
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.85
Costs to cover: 0.144%
Break-even: 9.2 days

Slippage unknown: Popdex: live order book, 15 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 Popdex live order book, 15 min ago	0.87 bp	5.7 bp −$6	8.1 bp −$81	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 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	745.77	+0.024%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.42	−0.022%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.54	−0.006%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.72	+0.017%	$25.2M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.53	−0.008%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.72	+0.017%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.31	−0.038%	$468K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.64	+0.007%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.59	0.000%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.07	+0.065%	$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	745.61	+0.003%	$925	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.32	−0.036%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.48	−0.015%	$107K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.83	+0.032%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0020%	1h	745.22	−0.050%	$480K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	745.51	−0.011%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	746.06	+0.063%	$789K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.45	−0.019%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.20	+0.082%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.43	−0.021%	$567K	$624K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.69	+0.013%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.01	−0.078%	$747K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	745.44	−0.020%	—	—	5x	as long as short
Popdex METAUSDTlong	+0.0056%	1h	745.59	long leg	$177K	$202K	20x
Aftermath Perps METAUSD	+0.0087%	1h	746.55	+0.129%	$48K	$91K	10x	as long as short
Pacifica METAshort	+0.0100%	1h	745.76	+0.023%	$48	$307	10x
KuCoin METAUSDTM	+0.0100%	8h	745.74	+0.020%	$1.6M	$720K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.32	−0.036%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.74	+0.020%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.59	0.000%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.74	+0.020%	$643K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+1.045%	$176K	$48K	30x	as long as short
Lighter META	+0.0448%	1h	746.20	+0.082%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0480%	1h	746.19	+0.080%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0566%	1h	746.35	+0.102%	$82.0M	$130.2M	20x	as long as short
Phoenix META	+0.0750%	1h	746.92	+0.178%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0922%	4h	745.81	+0.029%	$62K	$344K	10x	as long as short