Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.46 per $10,000 · paid last 24h —

Price spread now: Paradex against Orderly+0.001%7-day average — · you sell dearer than you buy

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

Long on Orderly 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	Orderly PERP_META_USDC_mythos	746.30	0.0100	pay 0.0100% / 8h	17m 59s	$1K	$24	10x
Short	Paradex META-USD-PERP	746.31	0.0054	get 0.0054% / 8h	17m 59s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$9.7
Price spread: +0.001% → 0.000%: $0.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.58
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and 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	746.44	+0.019%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.24	−0.009%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.40	+0.013%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.57	+0.036%	$25.2M	$188.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.21	−0.012%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.51	+0.028%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.86	−0.059%	$474K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.09	−0.028%	$5.6M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	747.09	+0.106%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.30	+0.134%	$13K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.40	+0.013%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.84	−0.062%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.23	−0.009%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.39	+0.012%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0012%	1h	746.11	−0.025%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.24	−0.008%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.60	+0.040%	$790K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.06	−0.032%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.87	+0.076%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.39	+0.012%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.96	−0.046%	$567K	$624K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.43	+0.017%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.77	−0.071%	$731K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0054%	8h	746.31	+0.001%	—	—	5x
Aftermath Perps METAUSD	+0.0087%	1h	747.07	+0.103%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.41	+0.014%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.20	−0.013%	$1.6M	$722K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.134%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythoslong	+0.0100%	8h	746.30	long leg	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	746.21	−0.012%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.24	−0.008%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+0.949%	$176K	$48K	30x	as long as short
Lighter META	+0.0432%	1h	746.75	+0.060%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0452%	4h	745.57	−0.098%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0488%	1h	746.95	+0.087%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0567%	1h	746.88	+0.078%	$82.3M	$130.5M	20x	as long as short
Phoenix META	+0.0750%	1h	747.41	+0.149%	$798K	$1.5M	20x	as long as short