Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h —

Price spread now: Arcus against Paradex−0.012%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 Arcus

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	Paradex META-USD-PERP	741.39	0.0067	pay 0.0067% / 8h	5h 12m	—	—	5x
Short	Arcus META-USD	741.30	0.0040	get 0.0005% / 1h	12m 47s	$110K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$5.65
Price spread: −0.012% → 0.000%: −$1.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.36
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 51 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 Arcus live order book, 51 min ago	3.17 bp	13.4 bp −$13	15.7 bp −$157	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
BloFin META-USDT	−0.0120%	8h	741.66	+0.036%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0017%	1h	741.09	−0.041%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.87	+0.065%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.50	+0.015%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.76	+0.050%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.62	+0.031%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.77	+0.051%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.29	−0.013%	$360K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.65	+0.035%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.71	+0.043%	$2.4M	$3.1M	—	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	741.87	+0.065%	$13K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.69	+0.040%	$911	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.11	−0.038%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.49	+0.014%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.85	+0.062%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.77	+0.051%	$764K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.41	+0.003%	$2.1M	$13.6M	10x	as long as short
Arcus META-USDshort	+0.0040%	1h	741.30	−0.012%	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	741.75	+0.049%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.65	+0.035%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.34	−0.007%	$558K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.61	+0.030%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.94	−0.061%	$720K	$4.2M	10x	as long as short
Paradex META-USD-PERPlong	+0.0067%	8h	741.39	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0079%	1h	742.41	+0.138%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.49	+0.014%	$611K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.79	+0.054%	$1.6M	$524K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.09	−0.040%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.56	+0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.47	+0.010%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.98	+0.349%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.65	+0.035%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0262%	4h	741.69	+0.040%	$62K	$337K	10x	as long as short
Lighter META	+0.0272%	1h	741.75	+0.049%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0346%	1h	741.84	+0.061%	$69.3M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	742.43	+0.140%	$573K	$1.1M	20x	as long as short