Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h —

Price spread now: Paradex against Extended−0.036%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.036% cheaper against Extended than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.3 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	Extended META_24_5-USD	741.40	0	get 0.0000% / 1h	22m 39s	$549K	$1.6M	17x
Short	Paradex META-USD-PERP	741.13	0.0052	get 0.0052% / 8h	22m 39s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now −0.036%Rate

Funding earned: $10.99
Price spread: −0.036% → 0.000%: −$3.64
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.65
Costs to cover: 0.090%
Break-even: 8.1 days

Slippage unknown: Extended: 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 Extended live order book, 1 min ago	0.07 bp	5.0 bp −$5	44.6 bp −$446	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	741.63	+0.031%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0020%	1h	740.98	−0.057%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.43	+0.005%	$456K	$540K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	741.40	long leg	$549K	$1.6M	17x
Binance METAUSDT	0.0000%	8h	741.45	+0.007%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.39	−0.001%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.43	+0.005%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.04	−0.048%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.31	−0.012%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.73	+0.045%	$2.3M	$3.2M	—	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	741.75	+0.048%	$13K	$481K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.38	−0.002%	$827	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.30	−0.013%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.63	+0.031%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.51	+0.015%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.58	+0.025%	$755K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.07	−0.044%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.56	+0.022%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.50	+0.014%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.44	+0.006%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.46	+0.009%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.99	−0.055%	$760K	$4.3M	10x	as long as short
Paradex META-USD-PERPshort	+0.0052%	8h	741.13	−0.036%	—	—	5x
Aftermath Perps METAUSD	+0.0069%	1h	742.05	+0.088%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.37	−0.004%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.51	+0.015%	$1.6M	$392K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.20	−0.027%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.47	+0.010%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.34	−0.008%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.53	+0.018%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0160%	1h	741.46	+0.009%	$33K	$105	20x	as long as short
Lighter META	+0.0216%	1h	741.61	+0.029%	$856K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.72	+0.313%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0256%	1h	741.38	−0.002%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0263%	1h	741.30	−0.013%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0427%	4h	741.63	+0.031%	$62K	$332K	10x	as long as short