Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h —

Price spread now: Paradex against Deribit+0.021%7-day average — · you sell dearer than you buy

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

Long on Deribit 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.021% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	745.27	0.0059	pay 0.0007% / 1h	45m 22s	$31K	$256K	10x
Short	Paradex META-USD-PERP	745.43	0.0078	get 0.0078% / 8h	2h 45m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.021%Rate

Funding earned: $4
Price spread: +0.021% → 0.000%: $2.09
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.91
Costs to cover: 0.110%
Break-even: 15.6 days

Slippage unknown: Deribit: live order book, 3 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 Deribit live order book, 3 min ago	0.07 bp	11.3 bp −$11	12.9 bp −$129	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	745.63	+0.048%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.29	+0.137%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.55	+0.037%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.74	+0.062%	$28.3M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.67	+0.054%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.77	+0.067%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.14	−0.017%	$434K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.64	+0.050%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.37	+0.013%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.87	+0.081%	$952	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX META-USDT	0.0000%	8h	745.53	+0.035%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	+0.118%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.21	−0.008%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.70	+0.058%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.62	+0.047%	$2.2M	$13.7M	10x	as long as short
Bitget METAUSDT	+0.0049%	8h	745.77	+0.067%	$5.4M	$11.9M	100x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.26	−0.001%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.48	+0.028%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.04	−0.031%	$758K	$4.5M	10x	as long as short
Nado META-PERP	+0.0055%	1h	745.04	−0.031%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0056%	1h	745.78	+0.068%	$770K	$2.9M	20x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0059%	1h	745.27	long leg	$31K	$256K	10x
Paradex META-USD-PERPshort	+0.0078%	8h	745.43	+0.021%	—	—	5x
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.137%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.72	+0.060%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.41	−0.115%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	+0.027%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.153%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0136%	1h	745.77	+0.067%	$179K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.424%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0361%	4h	745.34	+0.010%	$62K	$340K	10x	as long as short
Lighter META	+0.0384%	1h	745.84	+0.076%	$984K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.82	+0.074%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0524%	1h	745.84	+0.076%	$72.5M	$122.9M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.192%	$797K	$1.4M	20x	as long as short