Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h —

Price spread now: Injective against Paradex−0.072%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 Injective

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

Funding pays, the price is against you. Injective is 0.072% cheaper against Paradex than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 38 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	742.14	0.0067	pay 0.0067% / 8h	4h 24m	—	—	5x
Short	Injective META/USDC PERP	741.60	0.0220	get 0.0028% / 1h	24m 45s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.072%Rate

Funding earned: $32.2
Price spread: −0.072% → 0.000%: −$7.24
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $20.94
Costs to cover: 0.040%
Break-even: 2.4 days

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 34 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 Injective live order book, 34 min ago	17.52 bp	41.9 bp −$42	doesn't fit	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	742.33	+0.026%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	742.08	−0.008%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.37	+0.032%	$468K	$552K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.13	−0.001%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.30	+0.022%	$27.6M	$180.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.25	+0.015%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.23	+0.013%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.96	−0.024%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.35	+0.029%	$5.3M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	−0.012%	$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	741.87	−0.036%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.41	+0.037%	$880	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.91	−0.031%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.19	+0.007%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.34	+0.027%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.56	+0.057%	$770K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.31	+0.023%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.70	−0.059%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.58	+0.060%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.33	+0.026%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.07	−0.009%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.28	+0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.31	−0.111%	$764K	$4.4M	10x	as long as short
Paradex META-USD-PERPlong	+0.0067%	8h	742.14	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0082%	1h	742.57	+0.058%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.46	+0.044%	$1.6M	$547K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.10	−0.140%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.34	+0.027%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.14	0.000%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	741.90	−0.032%	$625K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0168%	1h	742.11	−0.004%	$33K	$105	20x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	741.60	−0.072%	$171K	$48K	30x
Lighter META	+0.0256%	1h	742.47	+0.045%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0293%	1h	742.44	+0.041%	$69.5M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	742.78	+0.087%	$678K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0626%	4h	741.97	−0.022%	$62K	$336K	10x	as long as short