Funding you earn now, next payment 05:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h —
Price spread now: Phoenix against Paradex+0.232%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Phoenix is 0.232% dearer against Paradex than usual: you sell high and buy low: +$23 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 | 745.80 | 0.0072 | pay 0.0072% / 8h | 2h 51m | — | — | 5x |
| Short | Phoenix META | 747.53 | 0.0685 | get 0.0086% / 1h | 51m 07s | $798K | $1.4M | 20x |
Paradex META-USD-PERP
Phoenix METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $128.57
- Price spread: +0.232% → 0.000%
- $23.15
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $140.72
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 2 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 Phoenix live order book, 2 min ago | 2.81 bp | 9.6 bp −$10 | 19.2 bp −$192 | 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 | 746.90 | +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 | 746.02 | +0.029% | $28.3M | $181.5M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 746.01 | +0.028% | $7.4M | $14.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 746.27 | +0.063% | $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 | 746.09 | +0.039% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.09 | +0.038% | $13K | $448K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 746.16 | +0.048% | $652 | $8.6M | 20x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDTShow 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 | 746.12 | +0.042% | $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 | 746.14 | +0.045% | $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 METAshort | +0.0685% | 1h | 747.53 | +0.232% | $798K | $1.4M | 20x |
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Nado META-PERP
Lighter RH META
Bitget METAUSDT
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Popdex METAUSDT
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Lighter META
Hotstuff META-PERP
tradeXYZ xyz:META
edgeX METAUSDC