Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h —

Price spread now: Paradex against Deribit+0.032%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 +$2 a day on $10k at the current rate, and Paradex is 0.032% dearer against Deribit 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	Deribit META_USDC-PERPETUAL	743.56	0	get 0.0000% / 1h	31m 25s	$44K	$279K	10x
Short	Paradex META-USD-PERP	743.80	0.0055	get 0.0055% / 8h	7h 31m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.032%Rate

Funding earned: $11.61
Price spread: +0.032% → 0.000%: $3.2
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $3.81
Costs to cover: 0.110%
Break-even: 4.7 days

Slippage unknown: Deribit: 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 Deribit live order book, 2 min ago	3.83 bp	7.4 bp −$7	8.1 bp −$81	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	743.83	+0.036%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0016%	1h	743.71	+0.020%	$478K	$562K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.61	+0.141%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.65	+0.013%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.82	+0.035%	$25.9M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.69	+0.017%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.01	+0.061%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.69	+0.017%	$482K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.94	+0.051%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	743.29	−0.036%	$2.5M	$3.0M	—	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	743.34	−0.030%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.70	+0.019%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	743.56	long leg	$44K	$279K	10x
HTX META-USDT	0.0000%	8h	743.57	+0.001%	$108K	$301K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.74	+0.024%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.22	+0.089%	$794K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.88	+0.043%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.57	+0.001%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.24	+0.091%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.02	+0.062%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.27	−0.039%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.73	+0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.95	−0.082%	$742K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0055%	8h	743.80	+0.032%	—	—	5x
Aftermath Perps METAUSD	+0.0079%	1h	744.27	+0.095%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.92	+0.048%	$626	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.86	+0.040%	$1.6M	$768K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.08	−0.065%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.57	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.43	−0.017%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.27	−0.039%	$635K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.288%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	744.19	+0.085%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0287%	1h	743.95	+0.052%	$84.6M	$133.1M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	744.01	+0.061%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	743.79	+0.030%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.06	+0.202%	$795K	$1.5M	20x	as long as short