Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h —

Price spread now: HTX 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 HTX

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	740.30	0.0050	pay 0.0050% / 8h	1h 45m	—	—	5x
Short	HTX META-USDT	740.35	0	get 0.0000% / 8h	1h 45m	$105K	$283K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$10.55
Price spread: +0.007% → 0.000%: $0.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$25.84
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 37 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 HTX live order book, 37 min ago	2.70 bp	8.7 bp −$9	14.1 bp −$141	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	740.53	+0.031%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0077%	1h	740.37	+0.009%	$396K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.25	+0.129%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.38	+0.012%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.53	+0.031%	$26.9M	$177.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.38	+0.011%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.35	+0.007%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.88	−0.056%	$321K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.46	+0.022%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.45	+0.021%	$1.6M	$2.6M	—	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	740.53	+0.031%	$12K	$516K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.75	+0.061%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.39	+0.013%	$30K	$256K	10x	as long as short
HTX META-USDTshort	0.0000%	8h	740.35	+0.007%	$105K	$283K	30x
Phemex METAUSDT	0.0000%	4h	740.52	+0.030%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.37	+0.010%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.82	+0.071%	$744K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.63	+0.045%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.15	−0.020%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.89	+0.080%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.51	+0.029%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.57	+0.037%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.48	+0.025%	$24K	$3K	10x	as long as short
Paradex META-USD-PERPlong	+0.0050%	8h	740.30	long leg	—	—	5x
Ondo Perps META-USD.P	+0.0050%	1h	740.02	−0.037%	$666K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	741.36	+0.143%	$48K	$62K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.90	+0.081%	$608K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.46	+0.022%	$291K	$791K	20x	as long as short
Lighter META	+0.0088%	1h	740.81	+0.069%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.40	+0.014%	$1.6M	$359K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.23	−0.009%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.55	+0.034%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.42	+0.017%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0126%	1h	740.64	+0.046%	$68.5M	$120.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.38	+0.011%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0344%	4h	740.53	+0.031%	$62K	$331K	10x	as long as short