Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h —

Price spread now: Injective against Paradex+0.328%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 Injective

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 +$5 a day on $10k at the current rate, and Injective is 0.328% dearer against Paradex than usual: you sell high and buy low: +$33 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	740.39	0.0059	pay 0.0059% / 8h	6h 58m	—	—	5x
Short	Injective META/USDC PERP	742.82	0.0220	get 0.0028% / 1h	58m 10s	$171K	$48K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.328%Rate

Funding earned: $33.81
Price spread: +0.328% → 0.000%: $32.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $62.61
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 11 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 Injective live order book, 11 min ago	14.91 bp	35.2 bp −$35	doesn't fit	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
Nado META-PERP	−0.0204%	1h	740.38	−0.001%	$490K	$527K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0155%	1h	740.00	−0.053%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.34	−0.007%	$326K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.39	0.000%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.022%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.42	+0.004%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.57	+0.024%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.11	−0.038%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.20	−0.026%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.41	+0.003%	$5.6M	$11.3M	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	740.22	−0.024%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.009%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.43	+0.005%	$801	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.21	−0.024%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.56	+0.023%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.18	−0.028%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.68	+0.039%	$753K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.01	−0.051%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.83	+0.059%	—	$11K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	740.59	+0.027%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	+0.003%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.18	−0.028%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.39	0.000%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.072%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERPlong	+0.0059%	8h	740.39	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0067%	1h	741.00	+0.083%	$48K	$80K	10x	as long as short
Lighter META	+0.0080%	1h	740.60	+0.028%	$857K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.63	+0.032%	$1.6M	$456K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.26	−0.018%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.22	−0.023%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	−0.027%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0160%	1h	740.58	+0.026%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	742.82	+0.328%	$171K	$48K	30x
Phoenix META	+0.0259%	1h	741.06	+0.091%	$343K	$920K	20x	as long as short
edgeX METAUSDC	+0.0352%	4h	740.50	+0.015%	$62K	$336K	10x	as long as short