Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h —

Price spread now: Paradex against ApeX Omni+0.034%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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

The price spread pays, funding is against you. Paradex is 0.034% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	740.56	0.0100	pay 0.0013% / 1h	46m 40s	$166K	$71K	50x
Short	Paradex META-USD-PERP	740.81	0.0059	get 0.0059% / 8h	5h 46m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$8.68
Price spread: +0.034% → 0.000%: $3.4
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.28
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 14 min ago; 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 ApeX Omni live order book, 14 min ago	2.57 bp	21.5 bp −$22	335.4 bp −$3,354	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	741.19	+0.085%	—	$1.1M	20x	as long as short
Nado META-PERP	−0.0036%	1h	740.36	−0.027%	$479K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.40	+0.113%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.99	+0.058%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.17	+0.083%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.93	+0.050%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.90	+0.046%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.72	+0.022%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.04	+0.065%	$5.4M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.74	+0.159%	$2.3M	$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	741.92	+0.184%	$13K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.03	+0.063%	$979	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.94	+0.051%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.89	+0.180%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.28	+0.097%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.05	+0.066%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.05	+0.066%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.37	+0.109%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.06	+0.068%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.92	+0.049%	$558K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.00	+0.059%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.35	−0.028%	$705K	$4.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0059%	8h	740.81	+0.034%	—	—	5x
Aftermath Perps METAUSD	+0.0073%	1h	741.82	+0.170%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.170%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.32	+0.103%	$1.6M	$507K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	740.56	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.99	+0.058%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.91	+0.048%	$267	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0182%	1h	740.88	+0.043%	$31K	$245K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.34	+0.375%	$171K	$48K	30x	as long as short
Lighter META	+0.0256%	1h	741.25	+0.093%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0264%	1h	741.17	+0.082%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0359%	1h	741.32	+0.103%	$69.0M	$120.0M	20x	as long as short
edgeX METAUSDC	+0.0423%	4h	741.61	+0.141%	$62K	$336K	10x	as long as short
Phoenix META	+0.0496%	1h	742.78	+0.300%	$500K	$1.1M	20x	as long as short