Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h —

Price spread now: Aevo against Paradex+0.010%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aevo

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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	740.26	0.0050	pay 0.0050% / 8h	2h 08m	—	—	5x
Short	Aevo META-PERP	740.33	0.0104	get 0.0013% / 1h	8m 42s	$267	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.010%Rate

Funding earned: $11.25
Price spread: +0.010% → 0.000%: $0.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.78
Costs to cover: 0.200%
Break-even: 11.8 days

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

Paradex and Aevo: 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	740.31	+0.007%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0107%	1h	740.33	+0.010%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0056%	1h	740.64	+0.052%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.93	+0.091%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.41	+0.020%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.48	+0.030%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.39	+0.018%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	+0.002%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.19	−0.009%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.45	+0.026%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.48	+0.031%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.45	+0.026%	$12K	$525K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.97	+0.097%	$882	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.27	+0.002%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.50	+0.033%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.42	+0.022%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.75	+0.067%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.77	+0.070%	$748K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.22	−0.005%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.94	+0.093%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.48	+0.030%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.75	+0.067%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.60	+0.047%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.45	+0.026%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.020%	$641K	$4.0M	10x	as long as short
Paradex META-USD-PERPlong	+0.0050%	8h	740.26	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0053%	1h	741.03	+0.105%	$45K	$61K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0074%	1h	740.69	+0.059%	$30K	$256K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	+0.001%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.59	+0.045%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.43	+0.024%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.26	+0.001%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.029%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	740.33	+0.010%	$267	—	10x
Injective META/USDC PERP	+0.0220%	1h	740.25	−0.001%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0908%	4h	740.46	+0.028%	$62K	$328K	10x	as long as short