Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h —

Price spread now: SoDEX against Paradex+0.027%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 SoDEX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.027% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it 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	745.25	0.0055	pay 0.0055% / 8h	32m 22s	—	—	5x
Short	SoDEX META-USD	745.45	0.0050	get 0.0006% / 1h	32m 22s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$1.04
Price spread: +0.027% → 0.000%: $2.72
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Paradex and SoDEX: 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 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	+0.023%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	−0.033%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.22	−0.004%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.39	+0.019%	$25.1M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.34	+0.012%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.36	+0.015%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.82	−0.057%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.34	+0.012%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	+0.027%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.78	+0.071%	$12K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.49	+0.033%	$966	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.84	−0.055%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.10	−0.020%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.48	+0.031%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.25	0.000%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.15	−0.013%	$112K	$339K	10x	as long as short
Nado META-PERP	+0.0044%	1h	744.82	−0.058%	$480K	$560K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	+0.041%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.08	−0.022%	$565K	$621K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	745.45	+0.027%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.92	−0.044%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERPlong	+0.0055%	8h	745.25	long leg	—	—	5x
Lighter RH META	+0.0064%	1h	745.63	+0.051%	$789K	$3.1M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.33	+0.145%	$48K	$90K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	745.42	+0.023%	$177K	$202K	20x	as long as short
Pacifica META	+0.0100%	1h	745.54	+0.039%	$25	$189	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.32	+0.010%	$1.6M	$717K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.84	−0.055%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.51	+0.035%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.33	+0.011%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.33	+0.011%	$645K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.69	+0.328%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0275%	4h	745.30	+0.007%	$62K	$344K	10x	as long as short
Lighter META	+0.0464%	1h	745.81	+0.075%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.13	+0.118%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0574%	1h	745.91	+0.089%	$81.6M	$130.0M	20x	as long as short
Phoenix META	+0.0750%	1h	746.81	+0.210%	$797K	$1.5M	20x	as long as short