Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h —

Price spread now: Paradex against Arcus+0.034%7-day average — · you sell dearer than you buy

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

Long on Arcus 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 for this trade now. Funding pays $0 a day on $10k at the current rate, and Paradex is 0.034% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	745.16	0.0040	pay 0.0005% / 1h	2m 50s	$112K	$339K	10x
Short	Paradex META-USD-PERP	745.41	0.0056	get 0.0056% / 8h	1h 02m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Arcus. 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 ArcusbpFee ParadexbpOrdersPrice spread, now +0.034%Rate

Funding earned: $3.32
Price spread: +0.034% → 0.000%: $3.38
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.8
Costs to cover: 0.085%
Break-even: 10.8 days

Slippage unknown: Arcus: live order book, 41 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 Arcus live order book, 41 min ago	2.55 bp	8.0 bp −$8	13.3 bp −$133	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 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	745.69	+0.071%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	745.16	0.000%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.60	+0.058%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.44	+0.038%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.68	+0.070%	$24.9M	$187.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.48	+0.043%	$7.4M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.62	+0.062%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.93	−0.031%	$464K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.65	+0.066%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.37	+0.029%	$2.4M	$3.1M	—	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	745.64	+0.064%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.44	+0.038%	$899	$8.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.33	+0.023%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.79	+0.085%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.37	+0.028%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.91	+0.101%	$791K	$3.1M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	745.16	long leg	$112K	$339K	10x
Vest META-USD-PERP	+0.0046%	1h	745.86	+0.094%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.57	+0.055%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.19	+0.004%	$579K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.62	+0.062%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.05	−0.015%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0056%	8h	745.41	+0.034%	—	—	5x
Deribit META_USDC-PERPETUAL	+0.0086%	1h	745.33	+0.023%	$34K	$275K	10x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.08	+0.123%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.36	+0.027%	$1.6M	$699K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.019%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.58	+0.056%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.42	+0.034%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	+0.012%	$649K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0116%	4h	745.51	+0.046%	$62K	$344K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.272%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.90	+0.099%	$33K	$105	20x	as long as short
Lighter META	+0.0384%	1h	746.16	+0.134%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0494%	1h	746.04	+0.118%	$78.6M	$128.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.177%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.36	+0.027%	$13	$106	10x	as long as short