Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Pacifica against SoDEX−0.006%7-day average — · you buy dearer than you sell

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

Long on SoDEX 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	SoDEX META-USD	746.37	0.0050	pay 0.0006% / 1h	47m 50s	$25K	$3K	10x
Short	Pacifica META	746.33	0.0100	get 0.0013% / 1h	47m 50s	$636	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now −0.006%Rate

Funding earned: $10.5
Price spread: −0.006% → 0.000%: −$0.57
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$6.07
Costs to cover: 0.160%
Break-even: 11.0 days

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

SoDEX 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	746.49	+0.016%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	745.96	−0.055%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.95	+0.077%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.18	−0.025%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.35	−0.003%	$25.7M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.32	−0.007%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.24	−0.017%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.74	−0.084%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.25	−0.016%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.52	+0.020%	$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	745.97	−0.053%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.49	+0.016%	$1K	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.02	−0.047%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.10	−0.036%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.37	0.000%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.57	+0.027%	$796K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	746.22	−0.020%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.95	−0.056%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.41	+0.005%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.15	−0.029%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.69	−0.091%	$567K	$619K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	746.37	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.70	−0.090%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.52	+0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.56	+0.025%	$49K	$90K	10x	as long as short
Pacifica METAshort	+0.0100%	1h	746.33	−0.006%	$636	$1K	10x
KuCoin METAUSDTM	+0.0100%	8h	746.40	+0.004%	$1.6M	$748K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.083%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.33	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.16	−0.029%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.01	−0.048%	$649K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.229%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	746.72	+0.047%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0269%	1h	746.12	−0.033%	$84.3M	$132.7M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	746.12	−0.033%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	−0.016%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.005%	$797K	$1.5M	20x	as long as short