Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h —

Price spread now: QFEX against Paradex+0.006%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 QFEX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	743.99	0.0052	pay 0.0052% / 8h	6h 15m	—	—	5x
Short	QFEX META-USD	744.04	0.0041	get 0.0005% / 1h	15m 39s	$2.2M	$14.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$2.28
Price spread: +0.006% → 0.000%: $0.62
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 7 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 QFEX live order book, 7 min ago	1.88 bp	6.9 bp −$7	7.4 bp −$74	19.9 bp −$1,990	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 37 exchanges

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	743.84	−0.021%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.20	+0.162%	$495K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.10	+0.015%	$544K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.33	+0.045%	$26.0M	$192.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.99	−0.001%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.07	+0.010%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.65	−0.046%	$456K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.28	+0.038%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.07	+0.010%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.92	−0.010%	$12K	$433K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.46	+0.063%	$1K	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.06	+0.009%	$108K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.26	+0.036%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0019%	1h	743.78	−0.029%	$36K	$265K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.26	+0.036%	$821K	$2.8M	20x	as long as short
Nado META-PERP	+0.0039%	1h	743.81	−0.025%	$477K	$551K	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.77	−0.030%	$111K	$284K	10x	as long as short
QFEX META-USDshort	+0.0041%	1h	744.04	+0.006%	$2.2M	$14.0M	10x
Vest META-USD-PERP	+0.0046%	1h	744.53	+0.072%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.27	+0.037%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.80	−0.026%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.92	−0.010%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.51	−0.065%	$705K	$5.0M	10x	as long as short
Paradex META-USD-PERPlong	+0.0052%	8h	743.99	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0074%	1h	744.39	+0.053%	$52K	$77K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.78	−0.029%	$643K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	744.16	+0.022%	$634	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.95	−0.006%	$1.6M	$842K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.29	−0.095%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.96	−0.005%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.75	−0.032%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	743.98	−0.002%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.07	+0.145%	$168K	$60K	30x	as long as short
tradeXYZ xyz:META	+0.0250%	1h	744.06	+0.009%	$86.1M	$135.1M	20x	as long as short
Lighter META	+0.0272%	1h	744.38	+0.052%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0643%	1h	744.36	+0.049%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0820%	4h	743.65	−0.046%	$62K	$349K	10x	as long as short