Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h —

Price spread now: GRVT against Paradex+0.038%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.038% dearer against Paradex than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	745.80	0.0072	pay 0.0072% / 8h	2h 51m	—	—	5x
Short	GRVT META_USDT_Perp	746.09	0	get 0.0000% / 8h	2h 51m	$13K	$448K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$15.22
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.41
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 62 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 GRVT live order book, 62 min ago	1.14 bp	7.8 bp −$8	11.9 bp −$119	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	746.10	+0.040%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.89	+0.146%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.77	−0.004%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.93	+0.017%	$28.3M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.96	+0.021%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.15	+0.046%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.47	−0.045%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	+0.025%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perpshort	0.0000%	8h	746.09	+0.038%	$13K	$448K	10x
SunX META-USDT	0.0000%	8h	746.16	+0.048%	$652	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.48	−0.043%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.87	+0.009%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	+0.046%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	+0.004%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.26	+0.061%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.03	+0.030%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.72	−0.011%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.10	+0.040%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.043%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0056%	1h	745.92	+0.015%	$482K	$557K	20x	as long as short
Paradex META-USD-PERPlong	+0.0072%	8h	745.80	long leg	—	—	5x
Lighter RH META	+0.0080%	1h	746.11	+0.041%	$768K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0083%	8h	746.06	+0.034%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.80	+0.133%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.08	+0.037%	$1.6M	$632K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.14	−0.089%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.04	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.87	+0.009%	$269	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	746.15	+0.046%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.081%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.429%	$173K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	746.13	+0.044%	$979K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.050%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0522%	1h	746.20	+0.053%	$72.6M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	+0.025%	$62K	$339K	10x	as long as short
Phoenix META	+0.0685%	1h	747.53	+0.232%	$798K	$1.4M	20x	as long as short