Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h —

Price spread now: Paradex against SoDEX−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Paradex

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 pays, the price is against you. Paradex is 0.022% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4.5 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	741.96	0.0050	pay 0.0006% / 1h	25m 11s	$24K	$3K	10x
Short	Paradex META-USD-PERP	741.80	0.0067	get 0.0067% / 8h	5h 25m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now −0.022%Rate

Funding earned: $3.47
Price spread: −0.022% → 0.000%: −$2.22
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.76
Costs to cover: 0.120%
Break-even: 28.7 days

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

SoDEX and 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-USDT	−0.0120%	8h	742.08	+0.016%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0023%	1h	741.76	−0.026%	$480K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.77	−0.025%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.87	−0.012%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.82	−0.019%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.83	−0.018%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.00	+0.005%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.63	−0.044%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.89	−0.009%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	742.17	+0.029%	$2.4M	$3.1M	—	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	742.19	+0.032%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.06	+0.013%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.74	−0.030%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.47	+0.069%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.11	+0.020%	$764K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.82	−0.019%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.70	−0.035%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.18	+0.030%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.01	+0.007%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.69	−0.036%	$559K	$540K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	741.96	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	741.36	−0.081%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0067%	8h	741.80	−0.022%	—	—	5x
Aftermath Perps METAUSD	+0.0078%	1h	742.79	+0.112%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.78	−0.024%	$618K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.08	+0.016%	$1.6M	$519K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.39	−0.077%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.04	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.84	−0.016%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0155%	1h	741.59	−0.050%	$31K	$245K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.80	+0.383%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	742.39	+0.058%	$33K	$105	20x	as long as short
Lighter META	+0.0264%	1h	742.09	+0.018%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0349%	1h	741.94	−0.003%	$69.2M	$120.2M	20x	as long as short
edgeX METAUSDC	+0.0462%	4h	742.01	+0.007%	$62K	$335K	10x	as long as short
Phoenix META	+0.0496%	1h	743.31	+0.182%	$548K	$1.1M	20x	as long as short