Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h —

Price spread now: Paradex against Aftermath Perps−0.078%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps 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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.078% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps METAUSD	740.87	0.0070	pay 0.0009% / 1h	3m 58s	$49K	$82K	10x
Short	Paradex META-USD-PERP	740.29	0.0055	get 0.0055% / 8h	6h 03m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath 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 Aftermath PerpsbpFee ParadexbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$3.18
Price spread: −0.078% → 0.000%: −$7.79
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.96
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aftermath Perps 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
Nado META-PERP	−0.0115%	1h	740.07	−0.107%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.81	−0.008%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.40	−0.063%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.57	−0.040%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.51	−0.048%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.45	−0.056%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.31	−0.075%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.060%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	−0.054%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.33	−0.072%	$12K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.31	−0.075%	$890	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.90	−0.130%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	−0.091%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	−0.057%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	−0.063%	$2.2M	$13.7M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.59	−0.037%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.99	−0.118%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.58	−0.038%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.45	−0.056%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.22	−0.087%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	−0.057%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.125%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0055%	8h	740.29	−0.078%	—	—	5x
Aftermath Perps METAUSDlong	+0.0070%	1h	740.87	long leg	$49K	$82K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.47	−0.053%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.153%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.46	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.27	−0.080%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	−0.028%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	740.39	−0.064%	$33K	$105	20x	as long as short
Lighter META	+0.0144%	1h	740.68	−0.025%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.177%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.53	−0.045%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.05	+0.025%	$460K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	−0.076%	$62K	$335K	10x	as long as short