Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h —

Price spread now: Paradex against Coinbase International+0.009%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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	Coinbase International META-PERP-INTX	739.31	0.0144	pay 0.0018% / 1h	23m 48s	$613K	$7.3M	10x
Short	Paradex META-USD-PERP	739.38	0.0065	get 0.0065% / 8h	7h 23m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$16.68
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$29.8
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 5 min ago	2.03 bp	7.8 bp −$8	11.0 bp −$110	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 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	739.77	+0.062%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0016%	1h	739.29	−0.003%	$423K	$388K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.69	+0.051%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.41	+0.013%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.58	+0.036%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.64	+0.045%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.61	+0.041%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.026%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	+0.023%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.009%	$2.3M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.40	+0.013%	$12K	$471K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.01	+0.095%	$909	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.09	−0.030%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.38	+0.009%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.70	+0.053%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0007%	4h	739.30	−0.001%	$62K	$333K	10x	as long as short
Lighter RH META	+0.0032%	1h	739.76	+0.061%	$750K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.89	+0.078%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.56	+0.034%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.34	+0.004%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.56	+0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.84	−0.064%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.48	+0.023%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.11	−0.027%	$110K	$331K	10x	as long as short
Paradex META-USD-PERPshort	+0.0065%	8h	739.38	+0.009%	—	—	5x
Aftermath Perps METAUSD	+0.0070%	1h	740.09	+0.106%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.65	+0.046%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.020%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.64	+0.045%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.58	+0.037%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.44	+0.018%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	739.31	long leg	$613K	$7.3M	10x
tradeXYZ xyz:META	+0.0167%	1h	739.51	+0.027%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.215%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.69	+0.051%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.71	+0.054%	$286K	$930K	20x	as long as short