Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0176%/8h= −19.3% APRnext payment −$1.76 per $10,000 · paid last 24h —

Price spread now: BloFin against Paradex+0.048%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 BloFin

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

The price spread pays, funding is against you. BloFin is 0.048% dearer against Paradex than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	741.35	0.0056	pay 0.0056% / 8h	12m 46s	—	—	5x
Short	BloFin META-USDT	741.71	−0.0120	pay 0.0120% / 8h	12m 46s	$328K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$36.95
Price spread: +0.048% → 0.000%: $4.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.14 bp	7.0 bp −$7	10.4 bp −$104	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-USDTshort	−0.0120%	8h	741.71	+0.048%	$328K	$1.1M	20x
Nado META-PERP	−0.0001%	1h	741.06	−0.040%	$385K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.99	+0.085%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.70	+0.047%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.83	+0.064%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.74	+0.052%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.92	+0.076%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.28	−0.010%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.74	+0.052%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	+0.072%	$2.3M	$3.2M	—	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	741.81	+0.061%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.48	+0.017%	$744	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.49	+0.018%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.94	+0.079%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.59	+0.032%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.93	+0.078%	$761K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	741.22	−0.018%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.60	+0.033%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.59	+0.032%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.53	+0.024%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.57	+0.029%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.07	−0.038%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0056%	8h	741.35	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0071%	1h	742.32	+0.130%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.015%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.70	+0.047%	$1.6M	$399K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.93	−0.057%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.52	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.53	+0.024%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	+0.056%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.55	+0.026%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.300%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	742.00	+0.087%	$860K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0264%	1h	741.72	+0.049%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0465%	1h	741.55	+0.026%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0727%	4h	741.69	+0.045%	$62K	$334K	10x	as long as short