Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0189%/8h= +20.7% APRnext payment +$1.89 per $10,000 · paid last 24h —

Price spread now: Paradex against BloFin−0.033%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.033% cheaper against BloFin than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	743.99	−0.0120	get 0.0120% / 8h	4h 15m	$329K	$1.1M	20x
Short	Paradex META-USD-PERP	743.74	0.0069	get 0.0069% / 8h	4h 15m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now −0.033%Rate

Funding earned: $39.66
Price spread: −0.033% → 0.000%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $20.32
Costs to cover: 0.160%
Break-even: 3.4 days

Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago	0.07 bp	6.1 bp −$6	9.0 bp −$90	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-USDTlong	−0.0120%	8h	743.99	long leg	$329K	$1.1M	20x
Nado META-PERP	−0.0021%	1h	743.37	−0.084%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.45	−0.072%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.70	−0.039%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.91	−0.011%	$28.0M	$181.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.98	−0.001%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.96	−0.004%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.44	−0.074%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.96	−0.004%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	743.81	−0.024%	$2.4M	$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	744.09	+0.014%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.79	−0.027%	$861	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.44	−0.074%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.75	−0.032%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.48	−0.069%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.12	+0.017%	$772K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.66	−0.044%	$2.2M	$13.8M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.27	−0.097%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.01	+0.003%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.91	−0.011%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.48	−0.069%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.88	−0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.06	−0.125%	$800K	$4.5M	10x	as long as short
Paradex META-USD-PERPshort	+0.0069%	8h	743.74	−0.033%	—	—	5x
Aftermath Perps METAUSD	+0.0080%	1h	743.79	−0.027%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.57	−0.056%	$1.6M	$550K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.15	−0.113%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.91	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.69	−0.041%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.78	−0.028%	$626K	$7.2M	10x	as long as short
edgeX METAUSDC	+0.0104%	4h	743.84	−0.021%	$62K	$337K	10x	as long as short
Hotstuff META-PERP	+0.0160%	1h	743.78	−0.028%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.179%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	744.00	+0.001%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0271%	1h	743.80	−0.026%	$69.5M	$120.6M	20x	as long as short
Phoenix META	+0.0591%	1h	744.70	+0.095%	$696K	$1.2M	20x	as long as short