Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.5% APRpaid last 24h —

Price spread now: Paradex against Ondo Perps+0.088%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps 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 airdropOndo Perps: Active · Paradex: 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 0.088% dearer against Ondo Perps than usual: you sell high and buy low: +$9 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	Ondo Perps META-USD.P	745.55	0.0050	pay 0.0006% / 1h	40m 56s	$786K	$4.6M	10x
Short	Paradex META-USD-PERP	746.21	0.0092	get 0.0092% / 8h	3h 40m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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 Ondo PerpsbpFee ParadexbpOrdersPrice spread, now +0.088%Rate

Funding earned: $8.72
Price spread: +0.088% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.56
Costs to cover: 0.090%
Break-even: 0.1 days

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps 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 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	745.98	+0.058%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	746.02	+0.063%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.65	+0.013%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.84	+0.039%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	+0.067%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.05	+0.067%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.06	+0.068%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.58	+0.004%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.14	+0.079%	$5.5M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	+0.064%	$2.4M	$3.2M	—	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	745.25	−0.040%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.13	+0.078%	$764	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.44	−0.015%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.92	+0.050%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.86	+0.042%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.36	+0.109%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.31	−0.032%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.50	+0.127%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.38	+0.111%	$180K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	+0.047%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.22	+0.090%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	745.55	long leg	$786K	$4.6M	10x
QFEX META-USD	+0.0058%	1h	746.14	+0.079%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.91	+0.048%	$52K	$82K	10x	as long as short
Paradex META-USD-PERPshort	+0.0092%	8h	746.21	+0.088%	—	—	5x
KuCoin METAUSDTM	+0.0100%	8h	745.73	+0.024%	$1.6M	$606K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.034%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.10	+0.074%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.07	+0.070%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.047%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.217%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	746.33	+0.105%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.47	+0.123%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0335%	1h	746.11	+0.075%	$70.2M	$121.1M	20x	as long as short
edgeX METAUSDC	+0.0515%	4h	745.73	+0.024%	$62K	$336K	10x	as long as short
Phoenix META	+0.0633%	1h	746.93	+0.185%	$777K	$1.4M	20x	as long as short