Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.49 per $10,000 · paid last 24h —

Price spread now: Paradex against KuCoin+0.003%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	743.41	0.0100	pay 0.0100% / 8h	40m 37s	$1.6M	$379K	20x
Short	Paradex META-USD-PERP	743.44	0.0051	get 0.0051% / 8h	40m 37s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$10.29
Price spread: +0.003% → 0.000%: $0.35
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, just now; 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 KuCoin live order book, just now	4.57 bp	24.1 bp −$24	doesn't fit	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	743.40	−0.001%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0075%	1h	743.25	−0.022%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.012%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.36	−0.007%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.49	+0.011%	$27.4M	$179.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.59	+0.024%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.55	+0.019%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.13	−0.038%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.41	0.000%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.70	+0.039%	$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	743.70	+0.039%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.34	−0.009%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.15	−0.035%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.30	−0.015%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	+0.026%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.38	−0.004%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.82	+0.055%	$757K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.08	−0.044%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.74	+0.044%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.35	−0.008%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.32	−0.012%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.52	+0.015%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.00	−0.055%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERPshort	+0.0051%	8h	743.44	+0.003%	—	—	5x
Aftermath Perps METAUSD	+0.0062%	1h	744.19	+0.105%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.017%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	743.41	long leg	$1.6M	$379K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.24	−0.023%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.27	−0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.34	−0.009%	$268	—	10x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.061%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	743.72	+0.042%	$860K	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.55	+0.019%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.326%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0220%	1h	743.78	+0.050%	$67.7M	$122.5M	20x	as long as short
edgeX METAUSDC	+0.0937%	4h	743.66	+0.034%	$62K	$333K	10x	as long as short