Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.64 per $10,000 · paid last 24h —

Price spread now: Paradex against SunX+0.015%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Paradex

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	745.72	0	get 0.0000% / 8h	6h 59m	$828	$7.6M	20x
Short	Paradex META-USD-PERP	745.83	0.0064	get 0.0064% / 8h	6h 59m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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 SunXbpFee ParadexbpOrdersPrice spread, now +0.015%Rate

Funding earned: $13.36
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.87
Costs to cover: 0.120%
Break-even: 5.5 days

Slippage unknown: SunX: live order book, 10 min ago; Paradex: no order-book sample. 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 SunX live order book, 10 min ago	28.19 bp	32.2 bp −$32	61.2 bp −$612	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
BloFin META-USDT	−0.0120%	8h	744.81	−0.122%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	−0.123%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.42	−0.040%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.86	+0.019%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.20	+0.064%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.76	+0.005%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.40	−0.043%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.77	+0.007%	$5.8M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	−0.143%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.78	−0.126%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTlong	0.0000%	8h	745.72	long leg	$828	$7.6M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.38	−0.046%	$36K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.69	−0.004%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.59	−0.017%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.04	+0.043%	$799K	$2.8M	20x	as long as short
Nado META-PERP	+0.0032%	1h	745.48	−0.032%	$479K	$559K	20x	as long as short
QFEX META-USD	+0.0036%	1h	745.81	+0.012%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.39	−0.044%	$112K	$324K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.02	+0.040%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.83	+0.015%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.58	−0.019%	$567K	$614K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.54	−0.158%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERPshort	+0.0064%	8h	745.83	+0.015%	—	—	5x
SoDEX META-USD	+0.0077%	1h	745.45	−0.036%	$25K	$3K	10x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	745.70	−0.002%	$51K	$91K	10x	as long as short
edgeX METAUSDC	+0.0085%	4h	744.62	−0.148%	$63K	$349K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.09	−0.219%	$640K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.01	−0.095%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.17	−0.074%	$1.6M	$799K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.70	−0.271%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.37	−0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.45	−0.037%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.81	+0.012%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.082%	$176K	$52K	30x	as long as short
Lighter META	+0.0296%	1h	746.10	+0.051%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0305%	1h	746.02	+0.040%	$86.3M	$134.6M	20x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.019%	$796K	$1.5M	20x	as long as short