Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h —

Price spread now: Paradex against GRVT−0.013%51s7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT META_USDT_Perp	745.64	0	get 0.0000% / 8h	1h 02m	$12K	$436K	10x
Short	Paradex META-USD-PERP	745.54	0.0056	get 0.0056% / 8h	1h 02m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GRVT. 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 GRVTbpFee ParadexbpOrdersPrice spread, now −0.013%Rate

Funding earned: $11.75
Price spread: −0.013% → 0.000%: −$1.32
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.57
Costs to cover: 0.130%
Break-even: 8.5 days

Slippage unknown: GRVT: live order book, 40 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 GRVT live order book, 40 min ago	0.81 bp	7.3 bp −$7	12.3 bp −$123	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	745.69	+0.007%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0030%	1h	745.16	−0.063%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.64	+0.001%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.54	−0.013%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.73	+0.013%	$24.9M	$187.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.59	−0.006%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.62	−0.002%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.13	−0.068%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.65	+0.002%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.37	−0.035%	$2.4M	$3.1M	—	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_Perplong	0.0000%	8h	745.64	long leg	$12K	$436K	10x
SunX META-USDT	0.0000%	8h	745.44	−0.026%	$899	$8.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.33	−0.041%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.79	+0.021%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.50	−0.018%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.94	+0.041%	$791K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.23	−0.054%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.86	+0.030%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.57	−0.009%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.19	−0.060%	$579K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.62	−0.002%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.05	−0.079%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0056%	8h	745.54	−0.013%	—	—	5x
Deribit META_USDC-PERPETUAL	+0.0086%	1h	745.33	−0.041%	$34K	$275K	10x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.08	+0.060%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.38	−0.034%	$1.6M	$700K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.083%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.58	−0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.42	−0.029%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	−0.052%	$649K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0116%	4h	745.51	−0.017%	$62K	$344K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.208%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	746.01	+0.050%	$33K	$105	20x	as long as short
Lighter META	+0.0384%	1h	746.16	+0.070%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0494%	1h	746.04	+0.054%	$78.6M	$128.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.113%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.36	−0.037%	$13	$106	10x	as long as short