Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h —

Price spread now: Paradex against Binance−0.031%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Funding pays, the price is against you. Paradex is 0.031% cheaper against Binance than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 39 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	745.22	0	get 0.0000% / 8h	6h 55m	$25.9M	$191.8M	20x
Short	Paradex META-USD-PERP	744.99	0.0063	get 0.0063% / 8h	6h 55m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.031%Rate

Funding earned: $13.3
Price spread: −0.031% → 0.000%: −$3.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.75
Costs to cover: 0.140%
Break-even: 9.0 days

Slippage unknown: Binance: live order book, 3 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 Binance live order book, 3 min ago	0.07 bp	5.7 bp −$6	13.3 bp −$133	42.0 bp −$4,203	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	745.62	+0.054%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.90	−0.043%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.07	−0.021%	$546K	$3.3M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	745.22	long leg	$25.9M	$191.8M	20x
Bybit METAUSDT	0.0000%	8h	745.57	+0.047%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.30	+0.011%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.87	−0.047%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.07	−0.020%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.38	+0.021%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.78	−0.059%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.66	+0.059%	$720	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.14	−0.011%	$36K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.32	+0.013%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.45	+0.031%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.38	+0.021%	$813K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.83	−0.052%	$111K	$315K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.61	+0.052%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.91	+0.093%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.63	+0.055%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.22	0.000%	$567K	$609K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.46	+0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.063%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERPshort	+0.0063%	8h	744.99	−0.031%	—	—	5x
Aftermath Perps METAUSD	+0.0078%	1h	745.92	+0.093%	$51K	$91K	10x	as long as short
Nado META-PERP	+0.0080%	1h	745.16	−0.008%	$479K	$559K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.92	−0.040%	$641K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.35	+0.018%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	+0.017%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.70	−0.204%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	+0.024%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.54	+0.043%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.149%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	745.52	+0.040%	$1.2M	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0330%	4h	745.61	+0.053%	$63K	$346K	10x	as long as short
tradeXYZ xyz:META	+0.0343%	1h	745.37	+0.020%	$86.4M	$134.8M	20x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.086%	$796K	$1.5M	20x	as long as short