Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h —

Price spread now: Aevo against Paradex−0.028%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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. Aevo is 0.028% cheaper against Paradex than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 46 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	746.90	0.0056	pay 0.0056% / 8h	9m 04s	—	—	5x
Short	Aevo META-PERP	746.70	0.0104	get 0.0013% / 1h	9m 04s	$269	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.028%Rate

Funding earned: $10.07
Price spread: −0.028% → 0.000%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$12.72
Costs to cover: 0.200%
Break-even: 15.8 days

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

Paradex and Aevo: 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	746.93	+0.003%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.42	−0.065%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.61	−0.039%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.72	−0.024%	$25.3M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.67	−0.031%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.89	−0.002%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.48	−0.057%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.89	−0.002%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.041%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.23	+0.044%	$12K	$439K	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	747.01	+0.014%	$815	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.35	−0.074%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.78	−0.017%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.057%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0017%	1h	746.61	−0.039%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.82	−0.011%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	747.03	+0.017%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.93	+0.003%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.32	+0.056%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.70	−0.027%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.79	−0.015%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.50	−0.054%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERPlong	+0.0056%	8h	746.90	long leg	—	—	5x
Popdex METAUSDT	+0.0072%	1h	747.01	+0.014%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0088%	1h	747.78	+0.117%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	747.07	+0.022%	$634	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.93	+0.003%	$1.6M	$724K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.55	−0.047%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.95	+0.006%	$1K	$24	10x	as long as short
Aevo META-PERPshort	+0.0104%	1h	746.70	−0.028%	$269	—	10x
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	−0.015%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.24	+0.447%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.18	+0.037%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.32	+0.056%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0566%	1h	747.09	+0.025%	$83.6M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	748.59	+0.226%	$799K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.050%	$62K	$344K	10x	as long as short