Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Nado against Paradex−0.035%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 Nado

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 · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.035% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	742.31	0.0052	pay 0.0052% / 8h	1h 07m	—	—	5x
Short	Nado META-PERP	742.05	−0.0053	pay 0.0007% / 1h	7m 12s	$392K	$328K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: −$21.93
Price spread: −0.035% → 0.000%: −$3.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$36.45
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 11 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 Nado live order book, 11 min ago	0.14 bp	10.8 bp −$11	34.6 bp −$346	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	742.29	−0.002%	$327K	$1.1M	20x	as long as short
Nado META-PERPshort	−0.0053%	1h	742.05	−0.035%	$392K	$328K	20x
Aster METAUSDT	0.0000%	8h	741.84	−0.063%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.11	−0.027%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.26	−0.006%	$27.2M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.19	−0.016%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.21	−0.013%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.86	−0.060%	$350K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.16	−0.020%	$5.8M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.23	−0.011%	$2.1M	$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	742.18	−0.017%	$12K	$499K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.10	−0.028%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.10	−0.028%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.12	−0.025%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.38	+0.010%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	742.04	−0.036%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.41	+0.014%	$760K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.96	−0.047%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.47	+0.022%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.22	−0.012%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.27	−0.005%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.19	−0.016%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.85	−0.062%	$723K	$4.2M	10x	as long as short
Paradex META-USD-PERPlong	+0.0052%	8h	742.31	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0058%	1h	742.51	+0.028%	$53K	$69K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.12	−0.025%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.81	−0.067%	$291K	$791K	20x	as long as short
Hotstuff META-PERP	+0.0080%	1h	742.28	−0.004%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.14	−0.023%	$1.6M	$369K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.64	−0.090%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.31	0.000%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.17	−0.019%	$267	—	10x	as long as short
Lighter META	+0.0112%	1h	742.54	+0.031%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0135%	1h	742.25	−0.008%	$67.4M	$122.0M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.81	−0.067%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0539%	4h	742.29	−0.003%	$62K	$330K	10x	as long as short