Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.61 per $10,000 · paid last 24h —

Price spread now: Gate against Paradex−0.014%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 Gate

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	742.23	0.0061	pay 0.0061% / 8h	4h 43m	—	—	5x
Short	Gate META_USDT	742.13	0	get 0.0000% / 8h	4h 43m	$364K	$5.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: −$12.85
Price spread: −0.014% → 0.000%: −$1.36
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$33.22
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: 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 Gate live order book, 5 min ago	5.25 bp	18.1 bp −$18	44.5 bp −$445	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	742.25	+0.003%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0049%	1h	742.20	−0.004%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.41	+0.024%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.22	−0.002%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.43	+0.027%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.28	+0.007%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.76	+0.071%	$6.0M	$13.5M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	742.13	−0.014%	$364K	$5.7M	100x
Bitget METAUSDT	0.0000%	8h	742.53	+0.040%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	−0.024%	$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	743.01	+0.106%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.76	+0.071%	$722	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.10	−0.018%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.54	+0.042%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.69	+0.062%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.77	+0.073%	$766K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.42	+0.025%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.10	−0.018%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.68	+0.060%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.57	+0.046%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.39	+0.021%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.39	+0.021%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.82	−0.055%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0061%	8h	742.23	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.124%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.75	+0.070%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.47	−0.103%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.62	+0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.40	+0.022%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.028%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0120%	1h	742.47	+0.032%	$33K	$105	20x	as long as short
Lighter META	+0.0216%	1h	742.59	+0.048%	$858K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.35	−0.119%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0259%	1h	742.64	+0.055%	$69.4M	$120.4M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.228%	$635K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0605%	4h	742.41	+0.024%	$62K	$338K	10x	as long as short