Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.66 per $10,000 · paid last 24h —

Price spread now: Bitget against Paradex+0.026%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 Bitget

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. Bitget is 0.026% dearer against Paradex than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	745.10	0.0066	pay 0.0066% / 8h	2h 01m	—	—	5x
Short	Bitget METAUSDT	745.29	0	get 0.0000% / 8h	2h 01m	$5.5M	$12.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$13.77
Price spread: +0.026% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	1.01 bp	8.8 bp −$9	18.5 bp −$185	42.0 bp −$4,195	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	745.45	+0.047%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0005%	1h	744.91	−0.025%	$482K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.17	+0.009%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.21	+0.014%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.42	+0.042%	$27.6M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.23	+0.017%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.47	+0.050%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.72	−0.051%	$433K	$6.0M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	745.29	+0.026%	$5.5M	$12.1M	100x
Variational Omni META	0.0000%	8h	746.12	+0.137%	$2.4M	$3.3M	—	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	745.64	+0.073%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.24	+0.019%	$810	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.00	−0.013%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.94	−0.021%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	+0.099%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.74	+0.086%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	+0.008%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.70	+0.081%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.12	+0.003%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.19	+0.012%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.12	+0.003%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.032%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.64	−0.062%	$716K	$4.9M	10x	as long as short
Paradex META-USD-PERPlong	+0.0066%	8h	745.10	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0084%	1h	746.22	+0.151%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.42	+0.043%	$1.6M	$659K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.024%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.31	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.19	+0.012%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	+0.011%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.393%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	745.81	+0.095%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.145%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0453%	1h	745.85	+0.101%	$76.4M	$126.0M	20x	as long as short
edgeX METAUSDC	+0.0576%	4h	745.52	+0.056%	$62K	$341K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.301%	$798K	$1.4M	20x	as long as short