Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h —

Price spread now: Aftermath Perps against Paradex+0.048%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 Aftermath Perps

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.048% dearer against Paradex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	745.03	0.0061	pay 0.0061% / 8h	1h 30m	—	—	5x
Short	Aftermath Perps METAUSD	745.39	0.0086	get 0.0011% / 1h	30m 34s	$52K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.048%Rate

Funding earned: $5.22
Price spread: +0.048% → 0.000%: $4.84
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$2.94
Costs to cover: 0.130%
Break-even: 10.9 days

Slippage unknown: Paradex: no order-book sample; Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—

Paradex and Aftermath Perps: 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
Deribit META_USDC-PERPETUAL	−0.0180%	1h	744.24	−0.106%	$34K	$275K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	744.62	−0.055%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	744.78	−0.034%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.47	+0.059%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.92	−0.015%	$552K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.12	+0.012%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.93	−0.013%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.16	+0.017%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.42	−0.082%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.09	+0.008%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.51	−0.069%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.97	−0.008%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.50	−0.071%	$858	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.49	−0.073%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.71	−0.043%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.88	−0.020%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.45	+0.056%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.38	−0.087%	$112K	$340K	10x	as long as short
edgeX METAUSDC	+0.0044%	4h	744.89	−0.019%	$62K	$344K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.27	+0.032%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.15	+0.016%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.25	−0.105%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.65	−0.051%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.44	−0.079%	$696K	$5.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0061%	8h	745.03	long leg	—	—	5x
Aftermath Perps METAUSDshort	+0.0086%	1h	745.39	+0.048%	$52K	$81K	10x
KuCoin METAUSDTM	+0.0100%	8h	744.79	−0.032%	$1.6M	$680K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.69	−0.046%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.72	−0.042%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.58	−0.060%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.06	+0.004%	$667K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.205%	$172K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	745.54	+0.068%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.48	+0.060%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0502%	1h	745.51	+0.064%	$77.5M	$127.6M	20x	as long as short
Phoenix META	+0.0739%	1h	745.19	+0.021%	$796K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.06	+0.004%	—	—	—	as long as short