Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h —

Price spread now: Paradex against Aevo−0.007%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Paradex

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 · 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo META-PERP	740.77	0.0104	pay 0.0013% / 1h	58m 43s	$267	—	10x
Short	Paradex META-USD-PERP	740.72	0.0055	get 0.0055% / 8h	5h 58m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$10.31
Price spread: −0.007% → 0.000%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$30.99
Costs to cover: 0.200%
Break-even: never at this rate

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

Aevo and Paradex: 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 35 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
Aster METAUSDT	0.0000%	8h	740.96	+0.025%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.96	+0.025%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.09	+0.043%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.67	−0.014%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.10	+0.044%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.78	+0.001%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.18	+0.055%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.45	−0.044%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.44	−0.045%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.86	+0.012%	$1K	$9.1M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.46	−0.042%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.88	+0.014%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.00	+0.031%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.94	+0.022%	$2.1M	$13.7M	10x	as long as short
Nado META-PERP	+0.0030%	1h	739.96	−0.110%	$478K	$548K	20x	as long as short
Lighter RH META	+0.0032%	1h	741.05	+0.037%	$762K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.08	−0.094%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.03	+0.035%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.80	+0.004%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.73	−0.006%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.090%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0055%	8h	740.72	−0.007%	—	—	5x
Aftermath Perps METAUSD	+0.0070%	1h	741.03	+0.035%	$49K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	740.37	−0.055%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.70	−0.010%	$1.6M	$500K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.95	−0.111%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.95	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	740.77	long leg	$267	—	10x
edgeX METAUSDC	+0.0127%	4h	740.45	−0.044%	$62K	$337K	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	741.06	+0.039%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.15	−0.084%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.02	+0.033%	$860K	$2.4M	20x	as long as short
Popdex METAUSDT	+0.0296%	1h	741.08	+0.041%	$176K	$197K	20x	as long as short
Phoenix META	+0.0313%	1h	741.07	+0.040%	$473K	$978K	20x	as long as short
tradeXYZ xyz:META	+0.0352%	1h	740.95	+0.024%	$68.4M	$119.8M	20x	as long as short