Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h —

Price spread now: Coinbase International against Paradex+0.007%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 Coinbase International

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	741.36	0.0052	pay 0.0052% / 8h	24m 21s	—	—	5x
Short	Coinbase International META-PERP-INTX	741.41	0.0096	get 0.0012% / 1h	24m 21s	$608K	$7.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.007%Rate

Funding earned: $9.23
Price spread: +0.007% → 0.000%: $0.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$4.1
Costs to cover: 0.140%
Break-even: 10.1 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	0.07 bp	7.6 bp −$8	11.4 bp −$114	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	741.75	+0.053%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0024%	1h	740.95	−0.055%	$389K	$330K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.49	+0.018%	$456K	$539K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.50	+0.019%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.66	+0.040%	$27.3M	$179.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.58	+0.030%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.47	+0.015%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.15	−0.028%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.54	+0.024%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.73	+0.050%	$2.3M	$3.2M	—	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	741.75	+0.052%	$13K	$481K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.40	+0.005%	$820	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.61	+0.034%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.63	+0.036%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.58	+0.030%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.68	+0.043%	$755K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.18	−0.024%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.61	+0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.60	+0.032%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.50	+0.019%	$546K	$845K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.56	+0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.99	−0.050%	$760K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0052%	8h	741.36	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0069%	1h	742.51	+0.155%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0096%	1h	741.41	+0.007%	$608K	$7.4M	10x
KuCoin METAUSDTM	+0.0100%	8h	741.62	+0.035%	$1.6M	$392K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.76	+0.054%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.73	+0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.58	+0.030%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.53	+0.023%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0160%	1h	741.47	+0.015%	$33K	$105	20x	as long as short
Lighter META	+0.0208%	1h	741.68	+0.043%	$856K	$2.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.72	+0.318%	$169K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0256%	1h	741.54	+0.024%	$67.7M	$122.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0371%	1h	741.37	+0.001%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0994%	4h	742.29	+0.126%	$62K	$334K	10x	as long as short