Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h —

Price spread now: Paradex against Deribit−0.030%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.030% cheaper against Deribit than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	739.98	0	get 0.0000% / 1h	57m 34s	$36K	$209K	10x
Short	Paradex META-USD-PERP	739.76	0.0069	get 0.0069% / 8h	4h 57m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $14.47
Price spread: −0.030% → 0.000%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.48
Costs to cover: 0.110%
Break-even: 6.8 days

Slippage unknown: Deribit: live order book, 49 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 Deribit live order book, 49 min ago	0.07 bp	6.6 bp −$7	7.3 bp −$73	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	+0.023%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	742.00	+0.273%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.00	+0.003%	$492K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.57	−0.056%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.51	−0.063%	$25.2M	$191.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.40	−0.078%	$7.5M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.44	−0.073%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.07	+0.012%	$470K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.51	−0.064%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.11	+0.017%	$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	+0.032%	$12K	$423K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.72	+0.100%	$907	$6.8M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	739.98	long leg	$36K	$209K	10x
HTX META-USDT	0.0000%	8h	740.37	+0.053%	$106K	$310K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.38	+0.054%	$2.0M	$9K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.17	+0.026%	$856K	$2.8M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.98	0.000%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.64	−0.046%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.30	−0.092%	$557K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.42	+0.059%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.062%	$753K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	739.49	−0.066%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERPshort	+0.0069%	8h	739.76	−0.030%	—	—	5x
Aftermath Perps METAUSD	+0.0078%	1h	740.70	+0.097%	$53K	$86K	10x	as long as short
Nado META-PERP	+0.0083%	1h	739.74	−0.032%	$474K	$536K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	740.34	+0.049%	$654K	$7.3M	10x	as long as short
Pacifica META	+0.0100%	1h	739.65	−0.045%	$612	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.17	+0.026%	$1.6M	$930K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.22	−0.103%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.22	+0.168%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.98	+0.135%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0198%	1h	740.09	+0.015%	$86.9M	$136.2M	20x	as long as short
Arcus META-USD	+0.0209%	1h	739.37	−0.082%	$111K	$291K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.193%	$167K	$61K	30x	as long as short
Lighter META	+0.0296%	1h	740.43	+0.061%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0613%	1h	740.77	+0.107%	$791K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0845%	4h	739.97	−0.001%	$62K	$348K	10x	as long as short