Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h —

Price spread now: Paradex against ApeX Omni+0.227%50s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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 pays, funding is against you. Paradex is 0.227% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.227% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	741.06	0.0100	pay 0.0013% / 1h	4m 42s	$166K	$71K	50x
Short	Paradex META-USD-PERP	742.74	0.0065	get 0.0065% / 8h	5h 04m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.227%Rate

Funding earned: −$7.45
Price spread: +0.227% → 0.000%: $22.7
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $1.25
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 56 min ago; 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 ApeX Omni live order book, 56 min ago	2.57 bp	21.5 bp −$22	335.4 bp −$3,354	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 36 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
Deribit META_USDC-PERPETUAL	−0.0127%	1h	742.46	+0.189%	$31K	$245K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	743.01	+0.263%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	742.87	+0.244%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.65	+0.214%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.62	+0.210%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.87	+0.245%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.73	+0.225%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.92	+0.251%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.48	+0.192%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.91	+0.250%	$5.5M	$11.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	742.77	+0.231%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.81	+0.101%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.07	+0.271%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.56	+0.202%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.65	+0.215%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.97	+0.258%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.78	+0.232%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.16	+0.148%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.25	+0.296%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.08	+0.273%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.78	+0.232%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.94	+0.254%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.25	+0.161%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERPshort	+0.0065%	8h	742.74	+0.227%	—	—	5x
Aftermath Perps METAUSD	+0.0078%	1h	742.66	+0.216%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	+0.189%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.72	+0.224%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	741.06	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.92	+0.251%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.77	+0.230%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	+0.136%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	742.98	+0.259%	$862K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0328%	1h	743.03	+0.266%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0330%	1h	742.98	+0.259%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	+0.216%	$591K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0769%	4h	742.22	+0.156%	$62K	$336K	10x	as long as short