Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h —

Price spread now: Paradex against Ondo Perps+0.095%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps 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 airdropOndo Perps: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.095% dearer against Ondo Perps than usual: you sell high and buy low: +$9 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	Ondo Perps META-USD.P	743.51	0.0050	pay 0.0006% / 1h	9m 57s	$823K	$4.6M	10x
Short	Paradex META-USD-PERP	744.22	0.0088	get 0.0088% / 8h	4h 09m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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 Ondo PerpsbpFee ParadexbpOrdersPrice spread, now +0.095%Rate

Funding earned: $7.9
Price spread: +0.095% → 0.000%: $9.49
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.39
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps and 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	744.41	+0.121%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0006%	1h	743.63	+0.016%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.40	−0.015%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.81	+0.041%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.97	+0.061%	$28.4M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.12	+0.082%	$7.7M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.97	+0.062%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.47	−0.005%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.99	+0.065%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	744.35	+0.113%	$2.4M	$3.1M	—	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	744.01	+0.067%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.97	+0.062%	$934	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.96	+0.061%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.99	+0.065%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.13	+0.083%	$778K	$3.1M	20x	as long as short
QFEX META-USD	+0.0036%	1h	744.18	+0.090%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.75	+0.032%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.00	+0.066%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.68	+0.023%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.01	+0.067%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	743.51	long leg	$823K	$4.6M	10x
Popdex METAUSDT	+0.0056%	1h	744.33	+0.110%	$179K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.62	+0.150%	$52K	$82K	10x	as long as short
Paradex META-USD-PERPshort	+0.0088%	8h	744.22	+0.095%	—	—	5x
KuCoin METAUSDTM	+0.0100%	8h	744.12	+0.082%	$1.6M	$554K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.11	−0.054%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.16	+0.087%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.98	+0.064%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.034%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.96	+0.061%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.67	+0.425%	$172K	$48K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0221%	1h	743.63	+0.016%	$31K	$246K	10x	as long as short
Lighter META	+0.0280%	1h	744.12	+0.082%	$866K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0291%	1h	744.02	+0.069%	$69.7M	$120.8M	20x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	+0.048%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.75	+0.167%	$709K	$1.2M	20x	as long as short