Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h —

Price spread now: ApeX Omni against Paradex−0.258%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

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

Funding pays, the price is against you. ApeX Omni is 0.258% cheaper against Paradex than usual: you would sell low and buy high (spread −0.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 25 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	742.98	0.0065	pay 0.0065% / 8h	5h 04m	—	—	5x
Short	ApeX Omni METAUSDT	741.06	0.0100	get 0.0013% / 1h	4m 59s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.258%Rate

Funding earned: $7.37
Price spread: −0.258% → 0.000%: −$25.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.47
Costs to cover: 0.140%
Break-even: 37.8 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 56 min ago. 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 ApeX Omni live order book, 56 min ago	2.57 bp	20.2 bp −$20	546.4 bp −$5,464	doesn't fit	doesn't fit

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
Deribit META_USDC-PERPETUAL	−0.0127%	1h	742.46	−0.070%	$31K	$245K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	743.01	+0.004%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	742.87	−0.015%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.64	−0.046%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.77	−0.028%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.96	−0.003%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.84	−0.019%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.77	−0.028%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.49	−0.066%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.91	−0.009%	$5.5M	$11.5M	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	742.77	−0.028%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.81	−0.157%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.07	+0.012%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.56	−0.057%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.65	−0.044%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.07	+0.012%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.78	−0.027%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.01	−0.131%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.25	+0.036%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.08	+0.013%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.78	−0.027%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.94	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.49	−0.066%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0065%	8h	742.98	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0078%	1h	742.66	−0.043%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	−0.070%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.73	−0.034%	$1.6M	$527K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	741.06	−0.258%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.92	−0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.77	−0.029%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.123%	$171K	$48K	30x	as long as short
Lighter META	+0.0264%	1h	743.08	+0.013%	$862K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0328%	1h	743.03	+0.007%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0332%	1h	742.89	−0.012%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.66	−0.043%	$591K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0769%	4h	742.22	−0.103%	$62K	$336K	10x	as long as short