Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h —

Price spread now: Aster against Paradex+0.190%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 Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.190% dearer against Paradex than usual: you sell high and buy low (spread +0.190% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	745.08	0.0074	pay 0.0074% / 8h	2h 48m	—	—	5x
Short	Aster METAUSDT	746.49	0	get 0.0000% / 8h	2h 48m	$492K	$577K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$15.58
Price spread: +0.190% → 0.000%: $18.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.63
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 64 min ago. 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 Aster live order book, 64 min ago	13.36 bp	26.7 bp −$27	63.5 bp −$635	doesn't fit	doesn't fit

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	745.42	+0.046%	$333K	$1.1M	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	746.49	+0.190%	$492K	$577K	20x
Extended META_24_5-USD	0.0000%	1h	745.22	+0.020%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.50	+0.057%	$28.3M	$181.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.40	+0.044%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.22	+0.019%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.92	−0.021%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.99	+0.123%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.12	+0.140%	$12K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.56	+0.065%	$775	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.88	−0.026%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.25	+0.023%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	+0.144%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.39	+0.042%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.43	+0.048%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.24	+0.022%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.91	−0.022%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.36	+0.038%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.71	−0.049%	$759K	$4.5M	10x	as long as short
Nado META-PERP	+0.0054%	1h	744.80	−0.037%	$481K	$557K	20x	as long as short
Lighter RH META	+0.0064%	1h	745.62	+0.073%	$768K	$2.9M	20x	as long as short
Bitget METAUSDT	+0.0067%	8h	745.62	+0.073%	$5.5M	$11.9M	100x	as long as short
Paradex META-USD-PERPlong	+0.0074%	8h	745.08	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0087%	1h	746.05	+0.131%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.56	+0.065%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.03	−0.006%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.36	+0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.30	+0.030%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	745.44	+0.049%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.179%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.450%	$173K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	745.66	+0.079%	$983K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	745.92	+0.113%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	+0.123%	$62K	$339K	10x	as long as short
tradeXYZ xyz:META	+0.0524%	1h	745.66	+0.079%	$72.3M	$122.7M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.218%	$797K	$1.4M	20x	as long as short