Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0677%/8hpaid last 24h —

Price spread now: Paradex against edgeX+0.155%52s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.155% dearer against edgeX than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 52 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	edgeX METAUSDC	749.99	0.0728	pay 0.0364% / 4h	21m 57s	$63K	$328K	10x
Short	Paradex META-USD-PERP	751.15	0.0052	get 0.0052% / 8h	4h 21m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$142.11
Price spread: +0.155% → 0.000%: $15.47
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$139.65
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: edgeX: live order book, 10 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 edgeX live order book, 10 min ago	5.10 bp	9.7 bp −$10	11.4 bp −$114	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
Hotstuff META-PERP	−0.0144%	1h	751.25	+0.168%	$34K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	751.70	+0.228%	$337K	$1.1M	20x	as long as short
Phoenix META	−0.0021%	1h	746.59	−0.453%	$315K	$622K	20x	as long as short
Nado META-PERP	−0.0001%	1h	750.67	+0.092%	$402K	$227K	20x	as long as short
Aster METAUSDT	0.0000%	8h	751.62	+0.218%	$462K	$449K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	750.77	+0.105%	$561K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	751.67	+0.224%	$28.2M	$164.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	751.66	+0.223%	$8.1M	$12.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	751.68	+0.226%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	750.74	+0.100%	$337K	$5.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METAUSDT	0.0000%	8h	750.88	+0.119%	$6.0M	$9.7M	100x	as long as short
Variational Omni META	0.0000%	8h	749.56	−0.057%	$1.6M	$2.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	750.02	+0.004%	$13K	$528K	10x	as long as short
SunX META-USDT	0.0000%	8h	751.30	+0.175%	$782	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	751.15	+0.155%	$107K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	751.69	+0.227%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	751.09	+0.147%	$2.3M	$13.5M	10x	as long as short
Lighter META	+0.0032%	1h	751.56	+0.210%	$879K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	751.47	+0.198%	$742K	$3.2M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	751.86	+0.250%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	751.19	+0.160%	$176K	$194K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	751.10	+0.148%	$651K	$6.9M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	751.39	+0.187%	$72.2M	$111.3M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	751.12	+0.151%	$547K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	751.37	+0.184%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	750.64	+0.087%	$689K	$3.8M	10x	as long as short
Paradex META-USD-PERPshort	+0.0052%	8h	751.15	+0.155%	—	—	5x
KuCoin METAUSDTM	+0.0100%	8h	751.21	+0.163%	$1.6M	$301K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	749.92	−0.009%	$168K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	751.29	+0.174%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	751.17	+0.158%	$270	—	10x	as long as short
Arcus META-USD	+0.0128%	1h	751.05	+0.142%	$267K	$311K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	752.38	+0.319%	$171K	$43K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0269%	1h	751.27	+0.171%	$28K	$259K	10x	as long as short
Aftermath Perps METAUSD	+0.0337%	1h	750.16	+0.023%	$42K	$49K	10x	as long as short
edgeX METAUSDClong	+0.0728%	4h	749.99	long leg	$63K	$328K	10x