Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h —

Price spread now: Polymarket Perps against Paradex−0.050%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 Polymarket Perps

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.050% cheaper against Paradex than usual: you would sell low and buy high (−$5 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	746.72	0.0068	pay 0.0068% / 8h	3h 28m	—	—	5x
Short	Polymarket Perps META-USD	746.34	0.0050	get 0.0006% / 1h	28m 18s	$587K	$565K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$3.73
Price spread: −0.050% → 0.000%: −$5.03
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.76
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 24 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 Polymarket Perps live order book, 24 min ago	2.22 bp	8.2 bp −$8	9.1 bp −$91	10.0 bp −$996	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	746.61	−0.014%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.25	−0.062%	$470K	$555K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.16	−0.074%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.38	−0.045%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.45	−0.036%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.44	−0.037%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.97	−0.100%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.88	+0.023%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.98	+0.035%	$12K	$454K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.23	−0.065%	$915	$9.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.93	−0.105%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.26	−0.061%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.82	+0.014%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0002%	8h	746.37	−0.046%	$5.5M	$11.9M	100x	as long as short
Nado META-PERP	+0.0002%	1h	746.24	−0.064%	$482K	$554K	20x	as long as short
Lighter RH META	+0.0032%	1h	746.69	−0.003%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.27	−0.060%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.98	+0.035%	—	$10K	25x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	746.34	−0.050%	$587K	$565K	10x
SoDEX META-USD	+0.0050%	1h	746.30	−0.056%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.67	−0.140%	$792K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.44	−0.037%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERPlong	+0.0068%	8h	746.72	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0087%	1h	747.08	+0.049%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.61	−0.014%	$1.6M	$614K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.19	−0.070%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.37	−0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.30	−0.056%	$269	—	10x	as long as short
Popdex METAUSDT	+0.0128%	1h	746.52	−0.026%	$180K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.61	−0.014%	$640K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.37	+0.355%	$173K	$48K	30x	as long as short
Lighter META	+0.0272%	1h	746.43	−0.038%	$866K	$2.4M	20x	as long as short
edgeX METAUSDC	+0.0341%	4h	747.13	+0.055%	$62K	$339K	10x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	746.44	−0.037%	$70.4M	$121.1M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.63	−0.011%	$33K	$105	20x	as long as short
Phoenix META	+0.0633%	1h	747.69	+0.130%	$798K	$1.4M	20x	as long as short