Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0453%/8h= +49.7% APRpaid last 24h —

Price spread now: tradeXYZ against Paradex+0.037%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and tradeXYZ is 0.037% dearer against Paradex than usual: you sell high and buy low: +$4 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	744.85	0.0063	pay 0.0063% / 8h	1h 37m	—	—	5x
Short	tradeXYZ xyz:META	745.12	0.0517	get 0.0065% / 1h	37m 50s	$77.1M	$127.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.037%Rate

Funding earned: $95.22
Price spread: +0.037% → 0.000%: $3.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $76.91
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	0.27 bp	9.8 bp −$10	11.7 bp −$117	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
Deribit META_USDC-PERPETUAL	−0.0140%	1h	743.98	−0.116%	$34K	$274K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	745.09	+0.033%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	744.85	+0.001%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.22	+0.050%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.27	−0.078%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.22	−0.084%	$25.2M	$187.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.09	−0.101%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.31	−0.072%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.21	−0.085%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.61	−0.032%	$5.5M	$12.3M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	745.20	+0.048%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.38	+0.072%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.52	−0.044%	$740	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.37	−0.064%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	+0.057%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.64	−0.028%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.00	+0.021%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.78	−0.009%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.31	+0.062%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.78	−0.009%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.46	−0.052%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.64	−0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.15	−0.093%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERPlong	+0.0063%	8h	744.85	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0086%	1h	745.70	+0.115%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.65	−0.026%	$1.6M	$676K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.58	−0.036%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.80	−0.006%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.60	−0.032%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.079%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.510%	$173K	$46K	30x	as long as short
Lighter META	+0.0384%	1h	745.14	+0.040%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	745.48	+0.085%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAshort	+0.0517%	1h	745.12	+0.037%	$77.1M	$127.3M	20x
Phoenix META	+0.0739%	1h	746.43	+0.213%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0790%	4h	745.22	+0.050%	$62K	$342K	10x	as long as short
Pacifica META	+0.0800%	1h	744.88	+0.004%	—	—	—	as long as short