Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h —

Price spread now: Paradex against Injective−0.983%7-day average — · you buy dearer than you sell

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

Long on Injective 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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.983% cheaper against Injective than usual: you would sell low and buy high (−$98 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	753.11	0.0220	pay 0.0028% / 1h	54m 58s	$174K	$46K	30x
Short	Paradex META-USD-PERP	745.71	0.0064	get 0.0064% / 8h	1h 54m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −0.983%Rate

Funding earned: −$32.79
Price spread: −0.983% → 0.000%: −$98.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$135.11
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 54 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 Injective live order book, 54 min ago	19.96 bp	20.0 bp −$20	9885.4 bp −$98.9K	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	745.99	−0.945%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0060%	1h	745.51	−1.010%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.44	−1.019%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.72	−0.982%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.92	−0.954%	$27.0M	$184.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.84	−0.965%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.06	−0.936%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.54	−1.005%	$435K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.03	−0.940%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	−1.003%	$2.4M	$3.3M	—	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	745.83	−0.967%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.65	−0.991%	$576	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.46	−1.016%	$31K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.72	−0.981%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.03	−0.940%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.59	−0.999%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.28	−0.907%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.37	−1.028%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.00	−0.944%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.85	−0.964%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.33	−1.033%	$586K	$567K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.82	−0.968%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.36	−1.029%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0064%	8h	745.71	−0.983%	—	—	5x
Aftermath Perps METAUSD	+0.0084%	1h	746.52	−0.875%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.72	−0.981%	$1.6M	$664K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−1.065%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.82	−0.968%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.70	−0.984%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−1.030%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	753.11	long leg	$174K	$46K	30x
Lighter META	+0.0352%	1h	746.38	−0.894%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0553%	1h	746.42	−0.888%	$76.7M	$126.4M	20x	as long as short
Hotstuff META-PERP	+0.0600%	1h	746.38	−0.894%	$33K	$105	20x	as long as short
Phoenix META	+0.0685%	1h	746.90	−0.825%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0887%	4h	745.56	−1.003%	$62K	$341K	10x	as long as short