Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h —

Price spread now: Pacifica against QFEX0.000%7-day average — · you sell dearer than you buy

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

Long on QFEX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	743.81	0.0036	pay 0.0005% / 1h	29m 52s	$2.2M	$14.1M	10x
Short	Pacifica META	743.81	0.0100	get 0.0013% / 1h	29m 52s	$626	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against QFEX. 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 QFEXbpFee PacificabpOrdersPrice spread, now 0.000%Rate

Funding earned: $13.41
Price spread: 0.000% → 0.000%: $0.02
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.57
Costs to cover: 0.180%
Break-even: 9.4 days

Slippage unknown: QFEX: live order book, 4 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 QFEX live order book, 4 min ago	1.21 bp	6.2 bp −$6	7.2 bp −$72	18.6 bp −$1,859	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	744.19	+0.051%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0011%	1h	743.45	−0.049%	$478K	$562K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	+0.160%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.70	−0.015%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.89	+0.011%	$25.9M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.78	−0.004%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.62	−0.026%	$6.1M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.29	−0.070%	$482K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.89	+0.011%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.018%	$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	743.34	−0.063%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.82	+0.001%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.40	−0.055%	$44K	$279K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.51	−0.040%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.79	−0.003%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.05	+0.032%	$794K	$2.9M	20x	as long as short
QFEX META-USDlong	+0.0036%	1h	743.81	long leg	$2.2M	$14.1M	10x
Arcus META-USD	+0.0040%	1h	743.52	−0.039%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.24	+0.058%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.82	+0.001%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.25	−0.075%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.91	+0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.28	−0.071%	$742K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	743.69	−0.016%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	744.52	+0.096%	$51K	$93K	10x	as long as short
Pacifica METAshort	+0.0100%	1h	743.81	0.000%	$626	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	743.94	+0.017%	$1.6M	$769K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.08	−0.098%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.86	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.60	−0.028%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.73	−0.011%	$635K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.254%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	744.24	+0.058%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	744.07	+0.035%	$84.6M	$133.2M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	743.96	+0.020%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	743.79	−0.003%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.06	+0.168%	$795K	$1.5M	20x	as long as short