Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h —

Price spread now: Paradex against Lighter RH−0.051%7-day average — · you buy dearer than you sell

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

Long on Lighter RH 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 airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.051% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it 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	Lighter RH META	745.63	0.0064	pay 0.0008% / 1h	32m 26s	$789K	$3.1M	20x
Short	Paradex META-USD-PERP	745.25	0.0055	get 0.0055% / 8h	32m 26s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter RH. 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 Lighter RHbpFee ParadexbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$1.9
Price spread: −0.051% → 0.000%: −$5.13
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.03
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 1 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 Lighter RH live order book, 1 min ago	1.54 bp	1.8 bp −$2	4.3 bp −$43	48.0 bp −$4,805	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 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	745.42	−0.028%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	−0.084%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.22	−0.055%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.39	−0.032%	$25.1M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.34	−0.039%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.36	−0.036%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.82	−0.109%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.34	−0.039%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	−0.024%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.78	+0.020%	$12K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.49	−0.019%	$966	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.84	−0.106%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.10	−0.071%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.48	−0.020%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.25	−0.051%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.15	−0.064%	$112K	$339K	10x	as long as short
Nado META-PERP	+0.0044%	1h	744.82	−0.109%	$480K	$560K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	−0.011%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.08	−0.074%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.45	−0.024%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.92	−0.095%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERPshort	+0.0055%	8h	745.25	−0.051%	—	—	5x
Lighter RH METAlong	+0.0064%	1h	745.63	long leg	$789K	$3.1M	20x
Aftermath Perps METAUSD	+0.0087%	1h	746.33	+0.094%	$48K	$90K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	745.42	−0.028%	$177K	$202K	20x	as long as short
Pacifica META	+0.0100%	1h	745.54	−0.012%	$25	$189	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.32	−0.042%	$1.6M	$717K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.84	−0.106%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.51	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.33	−0.040%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.33	−0.040%	$645K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.69	+0.276%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0275%	4h	745.30	−0.044%	$62K	$344K	10x	as long as short
Lighter META	+0.0464%	1h	745.81	+0.024%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.13	+0.067%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0574%	1h	745.91	+0.038%	$81.6M	$130.0M	20x	as long as short
Phoenix META	+0.0750%	1h	746.81	+0.158%	$797K	$1.5M	20x	as long as short