Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h —

Price spread now: KuCoin against Paradex+0.046%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 KuCoin

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.046% dearer against Paradex than usual: you sell high and buy low: +$5 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	744.13	0.0055	pay 0.0055% / 8h	49m 31s	—	—	5x
Short	KuCoin METAUSDTM	744.47	0.0100	get 0.0100% / 8h	49m 31s	$1.6M	$708K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $9.44
Price spread: +0.046% → 0.000%: $4.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.93
Costs to cover: 0.160%
Break-even: 8.4 days

Slippage unknown: Paradex: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago	7.18 bp	92.5 bp −$92	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 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	744.62	+0.066%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.55	+0.192%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.23	+0.014%	$548K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.37	+0.033%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.28	+0.021%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.52	+0.053%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.81	−0.042%	$465K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.38	+0.034%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	+0.027%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.62	+0.067%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.52	+0.053%	$1K	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.81	−0.042%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.27	+0.019%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.18	+0.142%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.25	+0.017%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.44	+0.042%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.63	+0.068%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.94	−0.025%	$564K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.36	+0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.78	−0.046%	$728K	$5.1M	10x	as long as short
edgeX METAUSDC	+0.0051%	4h	744.65	+0.070%	$62K	$344K	10x	as long as short
Paradex META-USD-PERPlong	+0.0055%	8h	744.13	long leg	—	—	5x
Nado META-PERP	+0.0074%	1h	743.80	−0.044%	$479K	$560K	20x	as long as short
Lighter RH META	+0.0080%	1h	744.59	+0.062%	$788K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.19	+0.143%	$52K	$81K	10x	as long as short
Pacifica META	+0.0100%	1h	744.48	+0.048%	$13	$106	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	744.47	+0.046%	$1.6M	$708K	20x
ApeX Omni METAUSDT	+0.0100%	1h	743.68	−0.060%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.32	+0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.26	+0.018%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.070%	$654K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0128%	1h	744.37	+0.033%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.591%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0408%	1h	744.65	+0.070%	$33K	$105	20x	as long as short
Lighter META	+0.0512%	1h	744.80	+0.091%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0553%	1h	744.73	+0.081%	$80.5M	$129.2M	20x	as long as short
Phoenix META	+0.0750%	1h	746.46	+0.314%	$797K	$1.5M	20x	as long as short