Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.59 per $10,000 · paid last 24h —

Price spread now: Paradex against Aster+0.028%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.028% dearer against Aster 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	Aster METAUSDT	741.96	0	get 0.0000% / 8h	5h 31m	$467K	$549K	20x
Short	Paradex META-USD-PERP	742.17	0.0059	get 0.0059% / 8h	5h 31m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now +0.028%Rate

Funding earned: $12.32
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $3.09
Costs to cover: 0.120%
Break-even: 5.2 days

Slippage unknown: Aster: live order book, 31 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 Aster live order book, 31 min ago	9.99 bp	128.1 bp −$128	doesn't fit	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
BloFin META-USDT	−0.0120%	8h	742.00	+0.005%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0033%	1h	741.72	−0.033%	$479K	$550K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.96	long leg	$467K	$549K	20x
Extended META_24_5-USD	0.0000%	1h	742.09	+0.017%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.31	+0.047%	$27.3M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.07	+0.014%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.12	+0.021%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.82	−0.019%	$346K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.26	+0.040%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	−0.112%	$2.3M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.50	−0.063%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.24	+0.037%	$845	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.77	−0.026%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.44	−0.071%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.15	+0.025%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.48	+0.070%	$765K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.83	−0.018%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.08	−0.119%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.06	+0.013%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.16	+0.027%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.05	+0.012%	$559K	$539K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.02	+0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.76	−0.027%	$703K	$4.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0059%	8h	742.17	+0.028%	—	—	5x
Aftermath Perps METAUSD	+0.0077%	1h	742.25	+0.038%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.64	−0.044%	$628K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.96	0.000%	$1.6M	$514K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.62	−0.181%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.13	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.11	+0.020%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.40	−0.076%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	742.01	+0.006%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	742.41	+0.060%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0340%	1h	742.29	+0.044%	$69.3M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.27	+0.041%	$534K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0680%	4h	741.29	−0.091%	$62K	$337K	10x	as long as short