Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.64 per $10,000 · paid last 24h —

Price spread now: Paradex against Gate+0.047%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	745.50	0	get 0.0000% / 8h	1h 51m	$436K	$6.0M	100x
Short	Paradex META-USD-PERP	745.85	0.0064	get 0.0064% / 8h	1h 51m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now +0.047%Rate

Funding earned: $13.36
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.92
Costs to cover: 0.190%
Break-even: 7.5 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	3.69 bp	23.6 bp −$24	35.0 bp −$350	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	746.00	+0.067%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0050%	1h	745.67	+0.023%	$483K	$558K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.70	+0.026%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.97	+0.063%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	+0.074%	$27.0M	$184.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.04	+0.072%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.02	+0.070%	$6.1M	$12.6M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	745.50	long leg	$436K	$6.0M	100x
Bitget METAUSDT	0.0000%	8h	746.05	+0.074%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	+0.007%	$2.4M	$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	746.19	+0.092%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.07	+0.076%	$638	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.67	+0.023%	$31K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.96	+0.062%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.18	+0.091%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	746.10	+0.080%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.25	+0.101%	$788K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.63	+0.017%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.42	+0.123%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.20	+0.094%	$178K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.80	+0.040%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.11	+0.082%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.81	+0.042%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0064%	8h	745.85	+0.047%	—	—	5x
Aftermath Perps METAUSD	+0.0084%	1h	746.79	+0.174%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.91	+0.055%	$1.6M	$666K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−0.055%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.90	+0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.96	+0.061%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.020%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+1.021%	$174K	$46K	30x	as long as short
edgeX METAUSDC	+0.0291%	4h	745.74	+0.032%	$62K	$342K	10x	as long as short
Lighter META	+0.0368%	1h	746.41	+0.122%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.43	+0.125%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0570%	1h	746.46	+0.129%	$76.7M	$126.7M	20x	as long as short
Phoenix META	+0.0739%	1h	747.55	+0.275%	$798K	$1.5M	20x	as long as short