Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.62 per $10,000 · paid last 24h —

Price spread now: Gate against Paradex−0.025%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 Gate

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.025% cheaper against Paradex than usual: you would sell low and buy high (−$3 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	742.19	0.0062	pay 0.0062% / 8h	4h 38m	—	—	5x
Short	Gate META_USDT	742.00	0	get 0.0000% / 8h	4h 38m	$363K	$5.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$13.01
Price spread: −0.025% → 0.000%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.52
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: 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 Gate live order book, 5 min ago	6.00 bp	16.8 bp −$17	48.0 bp −$480	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	742.32	+0.018%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	741.88	−0.041%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.35	+0.022%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.24	+0.007%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.38	+0.026%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.22	+0.005%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.16	−0.004%	$6.0M	$13.5M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	742.00	−0.025%	$363K	$5.7M	100x
Bitget METAUSDT	0.0000%	8h	742.37	+0.025%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.48	+0.039%	$2.4M	$3.1M	—	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	742.51	+0.044%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.58	+0.053%	$861	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.68	−0.068%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.14	−0.006%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.022%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.43	+0.033%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.38	+0.026%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.03	−0.021%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.49	+0.041%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.30	+0.015%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.10	−0.012%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.33	+0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.067%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERPlong	+0.0062%	8h	742.19	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.130%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.51	+0.044%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.044%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.22	+0.005%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.022%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0144%	1h	742.31	+0.017%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.308%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.39	+0.027%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0271%	1h	742.39	+0.027%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.026%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.157%	$647K	$1.2M	20x	as long as short