Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0053%/8h= +5.9% APRnext payment +$0.53 per $10,000 · paid last 24h —

Price spread now: Paradex against Bybit−0.051%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.051% cheaper against Bybit than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	742.63	0	get 0.0000% / 8h	5h 54m	$7.7M	$15.8M	100x
Short	Paradex META-USD-PERP	742.25	0.0053	get 0.0053% / 8h	5h 54m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now −0.051%Rate

Funding earned: $11.22
Price spread: −0.051% → 0.000%: −$5.08
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.86
Costs to cover: 0.150%
Break-even: 12.5 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.14 bp	9.9 bp −$10	14.7 bp −$147	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 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.40	−0.031%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.99	+0.049%	$493K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.28	−0.046%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.50	−0.018%	$25.9M	$192.4M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	742.63	long leg	$7.7M	$15.8M	100x
OKX META-USDT-SWAP	0.0000%	8h	742.49	−0.019%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.00	−0.085%	$454K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.40	−0.031%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	742.47	−0.022%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.57	−0.008%	$12K	$435K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	742.73	+0.013%	$942	$7.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.35	−0.038%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.98	+0.047%	$2.0M	$8K	10x	as long as short
BloFin META-USDT	+0.0004%	8h	742.70	+0.009%	$338K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0013%	4h	742.28	−0.048%	$62K	$347K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.60	−0.004%	$848K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	742.39	−0.032%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.09	−0.073%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.73	+0.013%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.13	−0.067%	$559K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.53	−0.013%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.75	−0.118%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERPshort	+0.0053%	8h	742.25	−0.051%	—	—	5x
Coinbase International META-PERP-INTX	+0.0064%	1h	742.00	−0.085%	$644K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	742.82	+0.026%	$54K	$79K	10x	as long as short
Pacifica META	+0.0100%	1h	741.93	−0.094%	$635	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.56	−0.009%	$1.6M	$866K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.73	−0.121%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.57	−0.008%	$1K	$24	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0100%	1h	742.16	−0.063%	$36K	$257K	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.32	−0.042%	$267	—	10x	as long as short
Nado META-PERP	+0.0139%	1h	741.99	−0.086%	$476K	$552K	20x	as long as short
Popdex METAUSDT	+0.0144%	1h	742.51	−0.016%	$179K	$200K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.93	+0.040%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	742.33	−0.040%	$86.0M	$135.2M	20x	as long as short
Lighter META	+0.0384%	1h	742.66	+0.004%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0643%	1h	743.08	+0.061%	$793K	$1.5M	20x	as long as short