Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h —

Price spread now: Paradex against Vest−0.121%48s7-day average — · you buy dearer than you sell

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

Long on Vest 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 airdropVest: Active · Paradex: 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: Paradex is 0.121% cheaper against Vest than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	743.63	0.0046	pay 0.0006% / 1h	19m 38s	—	$12K	25x
Short	Paradex META-USD-PERP	742.73	0.0054	get 0.0054% / 8h	7h 19m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Vest. 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 VestbpFee ParadexbpOrdersPrice spread, now −0.121%Rate

Funding earned: $1.81
Price spread: −0.121% → 0.000%: −$12.1
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.29
Costs to cover: 0.060%
Break-even: 70.1 days

Slippage unknown: Vest: 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 Vest no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Vest 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 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	743.30	−0.044%	$337K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	742.53	−0.148%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.18	−0.060%	$478K	$620K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.79	−0.113%	$544K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.01	−0.084%	$25.8M	$191.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.67	−0.129%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.06	−0.077%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.53	−0.148%	$486K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.91	−0.097%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.23	−0.054%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.35	−0.038%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.37	−0.035%	$653	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.86	−0.104%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.02	−0.082%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.47	−0.022%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.07	−0.075%	$794K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.71	−0.124%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.54	−0.147%	$112K	$337K	10x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	743.63	long leg	—	$12K	25x
Popdex METAUSDT	+0.0048%	1h	742.82	−0.109%	$179K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.63	−0.134%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.09	−0.073%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.56	−0.144%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERPshort	+0.0054%	8h	742.73	−0.121%	—	—	5x
Aftermath Perps METAUSD	+0.0077%	1h	743.48	−0.020%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.73	−0.121%	$611	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.16	−0.063%	$1.6M	$778K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.75	−0.118%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.23	−0.054%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.03	−0.081%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.26	−0.184%	$628K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.155%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0272%	1h	743.09	−0.073%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	743.24	−0.052%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0303%	1h	742.93	−0.094%	$85.3M	$133.9M	20x	as long as short
edgeX METAUSDC	+0.0338%	4h	743.07	−0.076%	$63K	$347K	10x	as long as short
Phoenix META	+0.0791%	1h	743.95	+0.043%	$794K	$1.5M	20x	as long as short