Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h —

Price spread now: QFEX against Paradex+0.025%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 QFEX

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

The price spread pays, funding is against you. QFEX is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	739.81	0.0071	pay 0.0071% / 8h	7h 52m	—	—	5x
Short	QFEX META-USD	739.99	0.0055	get 0.0007% / 1h	52m 54s	$2.2M	$14.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$3.33
Price spread: +0.025% → 0.000%: $2.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.87
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; QFEX: 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 QFEX live order book, 11 min ago	1.62 bp	6.6 bp −$7	7.3 bp −$73	17.1 bp −$1,710	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	740.22	+0.056%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.88	+0.145%	$461K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.02	+0.029%	$552K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.24	+0.058%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.28	+0.064%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.20	+0.053%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.78	−0.004%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.14	+0.045%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.094%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.74	+0.126%	$12K	$484K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.04	+0.031%	$850	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.07	+0.035%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.150%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0016%	1h	739.78	−0.003%	$384K	$334K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.32	+0.069%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	+0.068%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.21	+0.054%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	+0.019%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	+0.037%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.061%	$746K	$4.3M	10x	as long as short
QFEX META-USDshort	+0.0055%	1h	739.99	+0.025%	$2.2M	$14.2M	10x
Hotstuff META-PERP	+0.0056%	1h	739.80	−0.001%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	740.08	+0.037%	$110K	$331K	10x	as long as short
Paradex META-USD-PERPlong	+0.0071%	8h	739.81	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0071%	1h	740.59	+0.106%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.25	+0.060%	$1.6M	$411K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	+0.052%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.19	+0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.01	+0.028%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0122%	1h	740.02	+0.029%	$67.7M	$121.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0129%	1h	739.93	+0.016%	$30K	$253K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.041%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	+0.068%	$168K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	740.38	+0.077%	$856K	$2.4M	20x	as long as short
Phoenix META	+0.0259%	1h	740.67	+0.116%	$287K	$930K	20x	as long as short
edgeX METAUSDC	+0.0751%	4h	740.87	+0.143%	$62K	$332K	10x	as long as short