Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h —

Price spread now: Paradex against tradeXYZ−0.053%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ 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 airdroptradeXYZ: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.053% cheaper against tradeXYZ 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	tradeXYZ xyz:META	739.53	0.0238	pay 0.0030% / 1h	56m 25s	$86.9M	$136.2M	20x
Short	Paradex META-USD-PERP	739.14	0.0069	get 0.0069% / 8h	4h 56m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against tradeXYZ. 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 tradeXYZbpFee ParadexbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$35.69
Price spread: −0.053% → 0.000%: −$5.27
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$62.96
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	0.68 bp	10.0 bp −$10	11.5 bp −$115	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 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	740.15	+0.084%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.01	+0.065%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.06	+0.071%	$492K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.22	−0.042%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.51	−0.003%	$25.2M	$191.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.25	−0.038%	$7.5M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.60	+0.009%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.31	−0.030%	$470K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.58	+0.007%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.11	+0.078%	$2.6M	$3.2M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.22	+0.093%	$12K	$423K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.86	+0.045%	$954	$6.8M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.06	−0.064%	$108K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.01	+0.065%	$2.0M	$9K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0021%	1h	739.02	−0.069%	$36K	$209K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.64	+0.015%	$855K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.57	+0.005%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.47	−0.008%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.19	−0.046%	$557K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.54	+0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.001%	$754K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	739.30	−0.031%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERPshort	+0.0069%	8h	739.14	−0.053%	—	—	5x
Aftermath Perps METAUSD	+0.0079%	1h	740.03	+0.068%	$53K	$86K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	738.78	−0.101%	$643K	$7.3M	10x	as long as short
Nado META-PERP	+0.0097%	1h	739.00	−0.071%	$474K	$536K	20x	as long as short
Pacifica META	+0.0100%	1h	739.00	−0.072%	$612	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.58	+0.007%	$1.6M	$931K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.22	−0.042%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.59	+0.008%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.49	−0.006%	$266	—	10x	as long as short
Arcus META-USD	+0.0209%	1h	739.05	−0.065%	$111K	$291K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.254%	$167K	$61K	30x	as long as short
tradeXYZ xyz:METAlong	+0.0238%	1h	739.53	long leg	$86.9M	$136.2M	20x
Lighter META	+0.0328%	1h	739.69	+0.022%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0613%	1h	740.77	+0.168%	$791K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0845%	4h	739.97	+0.060%	$62K	$348K	10x	as long as short