Funding you earn now, next payment 03:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h —
Price spread now: Deribit against Paradex−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.036% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex META-USD-PERP | 742.68 | 0.0064 | pay 0.0064% / 8h | 5h 03m | — | — | 5x |
| Short | Deribit META_USDC-PERPETUAL | 742.41 | 0 | get 0.0000% / 1h | 3m 06s | $31K | $245K | 10x |
Paradex META-USD-PERP
Deribit META_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.49
- Price spread: −0.036% → 0.000%
- −$3.65
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.14
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 60 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 Deribit live order book, 60 min ago | 0.07 bp | 3.6 bp −$4 | 5.1 bp −$51 | doesn't fit | 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 | 742.81 | +0.017% | $330K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0030% | 1h | 742.59 | −0.013% | $480K | $550K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 742.49 | −0.026% | $467K | $550K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 742.73 | +0.006% | $548K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 742.99 | +0.042% | $27.4M | $179.5M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 742.92 | +0.032% | $7.5M | $13.7M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 742.99 | +0.042% | $6.0M | $13.4M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 742.60 | −0.011% | $362K | $5.7M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 743.05 | +0.050% | $5.5M | $11.5M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 742.77 | +0.012% | $2.4M | $3.1M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 742.91 | +0.031% | $12K | $435K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 743.01 | +0.044% | $1K | $9.1M | 20x | as long as short |
| Deribit META_USDC-PERPETUALshort | 0.0000% | 1h | 742.41 | −0.036% | $31K | $245K | 10x | |
| HTX META-USDT | 0.0000% | 8h | 742.79 | +0.015% | $106K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 742.94 | +0.035% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 743.10 | +0.056% | $768K | $3.0M | 20x | as long as short |
| QFEX META-USD | +0.0032% | 1h | 742.67 | −0.001% | $2.1M | $13.6M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 742.22 | −0.062% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 743.06 | +0.051% | — | $10K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 743.06 | +0.051% | $179K | $199K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 742.71 | +0.004% | $560K | $540K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 743.02 | +0.046% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 742.16 | −0.070% | $721K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERPlong | +0.0064% | 8h | 742.68 | long leg | — | — | 5x | |
| Aftermath Perps METAUSD | +0.0078% | 1h | 743.08 | +0.053% | $50K | $82K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0096% | 1h | 742.87 | +0.025% | $613K | $7.2M | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 742.79 | +0.015% | $1.6M | $528K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 742.51 | −0.023% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 742.79 | +0.015% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 742.63 | −0.007% | $267 | — | 10x | as long as short |
| edgeX METAUSDC | +0.0188% | 4h | 742.88 | +0.027% | $62K | $337K | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.07 | −0.082% | $171K | $48K | 30x | as long as short |
| Hotstuff META-PERP | +0.0232% | 1h | 742.91 | +0.031% | $33K | $105 | 20x | as long as short |
| Lighter META | +0.0256% | 1h | 743.08 | +0.054% | $862K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0329% | 1h | 743.05 | +0.050% | $69.4M | $120.2M | 20x | as long as short |
| Phoenix META | +0.0496% | 1h | 743.64 | +0.129% | $596K | $1.1M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Aftermath Perps METAUSD
Coinbase International META-PERP-INTX
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
edgeX METAUSDC
Injective META/USDC PERP
Hotstuff META-PERP
Lighter META
tradeXYZ xyz:META
Phoenix META