Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.70 per $10,000 · paid last 24h —

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

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

Long on Gate 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 0.051% dearer against Gate than usual: you sell high and buy low: +$5 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	Gate META_USDT	744.01	0	get 0.0000% / 8h	2h 13m	$439K	$5.9M	100x
Short	Paradex META-USD-PERP	744.39	0.0070	get 0.0070% / 8h	2h 13m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now +0.051%Rate

Funding earned: $14.8
Price spread: +0.051% → 0.000%: $5.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.89
Costs to cover: 0.190%
Break-even: 6.6 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	7.06 bp	22.8 bp −$23	43.3 bp −$433	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
Deribit META_USDC-PERPETUAL	−0.0140%	1h	743.36	−0.087%	$31K	$263K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	743.90	−0.015%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.26	+0.033%	$479K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.21	+0.028%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.69	+0.091%	$27.7M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.39	+0.051%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.66	+0.087%	$6.0M	$12.4M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	744.01	long leg	$439K	$5.9M	100x
Bitget METAUSDT	0.0000%	8h	744.42	+0.055%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.025%	$2.4M	$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	744.06	+0.007%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.18	+0.023%	$893	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.97	−0.005%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.48	+0.063%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.20	+0.026%	$481K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.59	+0.078%	$765K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.64	−0.050%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.84	+0.112%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.30	+0.039%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.58	+0.077%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	+0.042%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.20	+0.026%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.108%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERPshort	+0.0070%	8h	744.39	+0.051%	—	—	5x
Aftermath Perps METAUSD	+0.0085%	1h	744.48	+0.063%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.31	+0.040%	$1.6M	$653K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.53	−0.065%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.56	+0.074%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.94	−0.009%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.078%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.269%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.66	+0.087%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.50	+0.066%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0447%	1h	745.09	+0.145%	$75.6M	$125.5M	20x	as long as short
edgeX METAUSDC	+0.0646%	4h	743.83	−0.024%	$62K	$342K	10x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.118%	$795K	$1.4M	20x	as long as short