Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.58 per $10,000 · paid last 24h —

Price spread now: Paradex against Aster−0.053%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.053% cheaper against Aster than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	745.10	0	get 0.0000% / 8h	1h 15m	$479K	$593K	20x
Short	Paradex META-USD-PERP	744.70	0.0058	get 0.0058% / 8h	1h 15m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.053%Rate

Funding earned: $12.15
Price spread: −0.053% → 0.000%: −$5.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.11
Costs to cover: 0.120%
Break-even: 9.9 days

Slippage unknown: Aster: live order book, 27 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 Aster live order book, 27 min ago	13.27 bp	47.6 bp −$48	doesn't fit	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 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	744.93	−0.022%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0040%	1h	744.71	−0.052%	$480K	$559K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	745.10	long leg	$479K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	744.63	−0.062%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.81	−0.038%	$24.9M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.69	−0.054%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.01	−0.011%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.40	−0.093%	$462K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.97	−0.017%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.70	−0.052%	$2.4M	$3.3M	—	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	744.86	−0.032%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.70	−0.053%	$961	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.37	−0.097%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.90	−0.026%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.93	−0.022%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.57	−0.071%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.14	+0.006%	$855K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.68	−0.056%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.29	+0.026%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.90	−0.026%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.34	−0.101%	$578K	$572K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.83	−0.036%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.35	−0.100%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERPshort	+0.0058%	8h	744.70	−0.053%	—	—	5x
Aftermath Perps METAUSD	+0.0086%	1h	745.89	+0.107%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.78	−0.042%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.42	−0.091%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.76	−0.045%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.59	−0.068%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.049%	$650K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0133%	4h	744.79	−0.041%	$62K	$345K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.301%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.29	+0.026%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.54	+0.060%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.28	+0.025%	$78.1M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.42	+0.178%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.06	−0.005%	$16	$103	10x	as long as short