Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0617%/8h= +67.6% APRpaid last 24h —

Price spread now: edgeX against Paradex+0.245%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and edgeX is 0.245% dearer against Paradex than usual: you sell high and buy low: +$24 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	742.06	0.0055	pay 0.0055% / 8h	7h 27m	—	—	5x
Short	edgeX METAUSDC	743.87	0.0672	get 0.0336% / 4h	3h 27m	$63K	$348K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $129.58
Price spread: +0.245% → 0.000%: $24.49
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $141.07
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 6 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 edgeX live order book, 6 min ago	5.11 bp	9.7 bp −$10	11.3 bp −$113	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 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	742.10	+0.006%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0009%	1h	742.06	+0.001%	$477K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.00	+0.127%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.90	−0.021%	$544K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.00	−0.007%	$25.9M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.82	−0.032%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.80	−0.034%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.67	−0.052%	$481K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.91	−0.020%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.254%	$2.5M	$3.0M	—	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	744.00	+0.262%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.18	+0.017%	$827	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.68	−0.051%	$43K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.83	−0.030%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.68	+0.084%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.18	+0.017%	$792K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.14	+0.011%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.09	+0.005%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.67	+0.083%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.15	+0.013%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.65	−0.055%	$564K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.07	+0.002%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.85	−0.028%	$742K	$5.0M	10x	as long as short
Paradex META-USD-PERPlong	+0.0055%	8h	742.06	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0079%	1h	742.93	+0.117%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.29	+0.032%	$606	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.33	+0.037%	$1.6M	$771K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.23	+0.158%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.58	+0.071%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.38	+0.044%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.49	+0.059%	$640K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.491%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	742.33	+0.037%	$1.2M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	742.58	+0.071%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0297%	1h	742.13	+0.010%	$84.5M	$133.4M	20x	as long as short
edgeX METAUSDCshort	+0.0672%	4h	743.87	+0.245%	$63K	$348K	10x
Phoenix META	+0.0791%	1h	744.68	+0.354%	$795K	$1.5M	20x	as long as short