Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.51 per $10,000 · paid last 24h —

Price spread now: Binance against Paradex+0.037%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Binance

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. Binance is 0.037% dearer against Paradex than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	742.75	0.0051	pay 0.0051% / 8h	38m 46s	—	—	5x
Short	Binance METAUSDT	743.02	0	get 0.0000% / 8h	38m 46s	$27.4M	$179.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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 ParadexbpFee BinancebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$10.7
Price spread: +0.037% → 0.000%: $3.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.04
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.07 bp	5.6 bp −$6	11.0 bp −$110	37.3 bp −$3,732	doesn't fit

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	743.43	+0.092%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0076%	1h	743.21	+0.062%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.101%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.39	+0.087%	$549K	$1.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	743.02	+0.037%	$27.4M	$179.6M	20x
Bybit METAUSDT	0.0000%	8h	742.91	+0.022%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.01	+0.035%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.17	+0.057%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.76	+0.002%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	+0.077%	$2.3M	$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	743.64	+0.120%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.33	+0.078%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.17	+0.057%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.30	+0.074%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.51	+0.103%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.43	+0.092%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.08	+0.045%	$756K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.35	−0.054%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.85	+0.148%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.45	+0.095%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.44	+0.093%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	+0.101%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.28	−0.063%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0051%	8h	742.75	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0062%	1h	744.22	+0.199%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	+0.072%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.27	+0.070%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	+0.031%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.43	+0.092%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.37	+0.084%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	742.95	+0.027%	$859K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.150%	$293K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.63	+0.119%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.415%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0226%	1h	743.12	+0.050%	$67.6M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0710%	4h	743.35	+0.081%	$62K	$331K	10x	as long as short