Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h —

Price spread now: Extended against Paradex−0.001%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Extended

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 · Extended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	744.84	0.0060	pay 0.0060% / 8h	1h 26m	—	—	5x
Short	Extended META_24_5-USD	744.83	0	get 0.0000% / 1h	26m 09s	$548K	$1.8M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$12.63
Price spread: −0.001% → 0.000%: −$0.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$21.7
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Extended: 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 Extended live order book, 2 min ago	0.34 bp	5.6 bp −$6	41.2 bp −$412	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 37 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	745.00	+0.022%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0045%	1h	744.88	+0.006%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.15	+0.042%	$479K	$593K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	744.83	−0.001%	$548K	$1.8M	17x
Binance METAUSDT	0.0000%	8h	744.96	+0.017%	$25.0M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.81	−0.004%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.95	+0.015%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.43	−0.055%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.03	+0.026%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.51	−0.043%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.76	−0.011%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.90	+0.009%	$699	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.45	−0.052%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.79	−0.006%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.97	+0.018%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.016%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.31	+0.064%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.61	−0.030%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.55	+0.096%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.99	+0.021%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.54	−0.040%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.97	+0.018%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.032%	$685K	$5.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0060%	8h	744.84	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0085%	1h	745.90	+0.143%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	+0.011%	$1.6M	$682K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.47	−0.049%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.92	+0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.76	−0.010%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.014%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.231%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.47	+0.085%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.36	+0.070%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0412%	4h	744.66	−0.023%	$62K	$342K	10x	as long as short
tradeXYZ xyz:META	+0.0486%	1h	745.40	+0.076%	$77.6M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	+0.190%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.02	+0.025%	$13	$46	—	as long as short