Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.57 per $10,000 · paid last 24h —

Price spread now: Bitget against Paradex−0.007%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 Bitget

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	745.13	0.0057	pay 0.0057% / 8h	1h 06m	—	—	5x
Short	Bitget METAUSDT	745.08	0	get 0.0000% / 8h	1h 06m	$5.6M	$12.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$11.87
Price spread: −0.007% → 0.000%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.56
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	1.41 bp	9.8 bp −$10	17.9 bp −$179	36.3 bp −$3,628	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 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	745.22	+0.012%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0032%	1h	744.77	−0.049%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.53	+0.054%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.04	−0.013%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.26	+0.017%	$24.9M	$187.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.99	−0.019%	$7.4M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.31	+0.024%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.69	−0.059%	$463K	$6.2M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	745.08	−0.007%	$5.6M	$12.4M	100x
Variational Omni META	0.0000%	8h	744.90	−0.031%	$2.4M	$3.1M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.02	−0.015%	$13K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.83	−0.040%	$805	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.74	−0.052%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.00	−0.018%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.16	+0.004%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.98	−0.020%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.61	+0.064%	$790K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.88	−0.034%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.63	+0.067%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.23	+0.013%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.90	−0.031%	$579K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.21	+0.011%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.54	−0.079%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERPlong	+0.0057%	8h	745.13	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0086%	1h	745.71	+0.077%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.06	−0.010%	$1.6M	$696K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.28	−0.114%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.19	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.07	−0.008%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.054%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.276%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.52	+0.052%	$33K	$105	20x	as long as short
Lighter META	+0.0384%	1h	745.86	+0.098%	$1.1M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0467%	4h	744.89	−0.032%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0492%	1h	745.78	+0.087%	$78.4M	$128.0M	20x	as long as short
Phoenix META	+0.0739%	1h	746.07	+0.126%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.30	+0.022%	$13	$106	10x	as long as short