Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.56 per $10,000 · paid last 24h —

Price spread now: SunX against Paradex+0.016%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 SunX

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: −$2 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	741.64	0.0056	pay 0.0056% / 8h	5h 51m	—	—	5x
Short	SunX META-USDT	741.76	0	get 0.0000% / 8h	5h 51m	$780	$9.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$11.71
Price spread: +0.016% → 0.000%: $1.58
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	28.13 bp	32.1 bp −$32	61.7 bp −$617	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 35 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	−0.0062%	1h	741.51	−0.018%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.55	−0.013%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.69	+0.006%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.89	+0.033%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.90	+0.035%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.94	+0.040%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.56	−0.011%	$356K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.92	+0.037%	$5.4M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	741.87	+0.031%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.02	+0.051%	$13K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDTshort	0.0000%	8h	741.76	+0.016%	$780	$9.1M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.36	−0.038%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.72	+0.010%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.07	+0.058%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.08	+0.059%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.60	−0.006%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.38	−0.035%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.05	+0.055%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.88	+0.032%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.63	−0.002%	$559K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.92	+0.037%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.21	−0.058%	$705K	$4.2M	10x	as long as short
Paradex META-USD-PERPlong	+0.0056%	8h	741.64	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0072%	1h	742.58	+0.126%	$49K	$81K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.024%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.96	+0.043%	$1.6M	$504K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.18	−0.062%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.80	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.64	−0.001%	$267	—	10x	as long as short
Hotstuff META-PERP	+0.0208%	1h	742.10	+0.062%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.366%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.07	+0.058%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0328%	1h	742.02	+0.051%	$68.8M	$119.8M	20x	as long as short
Phoenix META	+0.0496%	1h	742.71	+0.144%	$491K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0529%	4h	741.87	+0.031%	$62K	$335K	10x	as long as short