Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h —

Price spread now: Aftermath Perps against Paradex+0.053%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aftermath Perps

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 $0 a day on $10k at the current rate, and Aftermath Perps is 0.053% dearer against Paradex 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	Paradex META-USD-PERP	742.68	0.0064	pay 0.0064% / 8h	5h 03m	—	—	5x
Short	Aftermath Perps METAUSD	743.08	0.0078	get 0.0010% / 1h	3m 21s	$50K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.053%Rate

Funding earned: $2.87
Price spread: +0.053% → 0.000%: $5.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$4.79
Costs to cover: 0.130%
Break-even: 18.7 days

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

Paradex and Aftermath Perps: 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	743.01	+0.044%	$330K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0114%	1h	742.28	−0.054%	$31K	$245K	10x	as long as short
Nado META-PERP	−0.0030%	1h	742.59	−0.013%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.44	−0.032%	$467K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.60	−0.011%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.90	+0.029%	$27.4M	$179.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.74	+0.008%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.99	+0.042%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.59	−0.012%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.88	+0.027%	$5.5M	$11.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	742.77	+0.012%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.91	+0.031%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.79	+0.015%	$983	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.48	−0.027%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.77	+0.012%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.99	+0.042%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	742.67	−0.001%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.22	−0.062%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.06	+0.051%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	+0.051%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.71	+0.004%	$560K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.83	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.16	−0.070%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0064%	8h	742.68	long leg	—	—	5x
Aftermath Perps METAUSDshort	+0.0078%	1h	743.08	+0.053%	$50K	$82K	10x
Coinbase International META-PERP-INTX	+0.0096%	1h	742.46	−0.030%	$613K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.77	+0.012%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	−0.023%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.79	+0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.53	−0.020%	$267	—	10x	as long as short
edgeX METAUSDC	+0.0188%	4h	742.88	+0.027%	$62K	$337K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.082%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	742.91	+0.031%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	742.88	+0.027%	$862K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0329%	1h	742.89	+0.028%	$69.4M	$120.2M	20x	as long as short
Phoenix META	+0.0496%	1h	743.64	+0.129%	$596K	$1.1M	20x	as long as short