Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h —

Price spread now: Paradex against Bitget−0.031%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. Paradex is 0.031% cheaper against Bitget than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	741.29	0	get 0.0000% / 8h	1h 23m	$5.8M	$11.0M	100x
Short	Paradex META-USD-PERP	741.06	0.0050	get 0.0050% / 8h	1h 23m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.53
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.57
Costs to cover: 0.160%
Break-even: 12.7 days

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.47 bp	9.7 bp −$10	16.4 bp −$164	26.7 bp −$2,675	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 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	741.36	+0.009%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0083%	1h	741.04	−0.034%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.063%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.16	−0.018%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.34	+0.007%	$26.9M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.30	+0.001%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.41	+0.016%	$6.0M	$13.2M	20x	as long as short
Hotstuff META-PERP	0.0000%	1h	741.34	+0.007%	$33K	$105	20x	as long as short
Gate META_USDT	0.0000%	8h	740.71	−0.078%	$343K	$5.5M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	741.29	long leg	$5.8M	$11.0M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	741.24	−0.006%	$1.6M	$2.6M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.33	+0.005%	$12K	$504K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.51	+0.030%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.09	−0.027%	$107K	$287K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.30	+0.001%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.18	−0.015%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.43	+0.019%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.88	−0.055%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.68	+0.053%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.36	+0.009%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.38	+0.012%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.36	+0.009%	$24K	$3K	10x	as long as short
Paradex META-USD-PERPshort	+0.0050%	8h	741.06	−0.031%	—	—	5x
Ondo Perps META-USD.P	+0.0050%	1h	741.06	−0.031%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.97	+0.091%	$50K	$65K	10x	as long as short
Lighter META	+0.0056%	1h	741.39	+0.013%	$862K	$2.5M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.051%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.28	−0.001%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0099%	1h	741.39	+0.013%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.13	−0.022%	$1.6M	$364K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.97	−0.043%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.30	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.17	−0.016%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0168%	1h	741.40	+0.015%	$30K	$256K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.16	−0.018%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0878%	4h	741.29	0.000%	$62K	$330K	10x	as long as short