Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.3% APRpaid last 24h —

Price spread now: Nado against Paradex−0.030%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 Nado

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 · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.030% 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	740.94	0.0057	pay 0.0057% / 8h	5h 48m	—	—	5x
Short	Nado META-PERP	740.72	−0.0047	pay 0.0006% / 1h	48m 35s	$479K	$549K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.030%Rate

Funding earned: −$21.75
Price spread: −0.030% → 0.000%: −$2.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$35.71
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 14 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 Nado live order book, 14 min ago	0.61 bp	4.8 bp −$5	13.7 bp −$137	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 35 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
Nado META-PERPshort	−0.0047%	1h	740.72	−0.030%	$479K	$549K	20x
Aster METAUSDT	0.0000%	8h	741.24	+0.041%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.00	+0.009%	$549K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.96	+0.003%	$27.3M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.93	−0.001%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.12	+0.025%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.92	−0.002%	$355K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.97	+0.004%	$5.4M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.74	+0.108%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.92	+0.133%	$13K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	741.58	+0.087%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.97	+0.004%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.30	+0.049%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.89	+0.129%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.33	+0.053%	$762K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.04	+0.014%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.26	+0.044%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.47	+0.072%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.07	+0.018%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.74	−0.027%	$558K	$548K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.61	+0.091%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.43	−0.069%	$705K	$4.2M	10x	as long as short
Paradex META-USD-PERPlong	+0.0057%	8h	740.94	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0072%	1h	742.45	+0.204%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.119%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.29	+0.048%	$1.6M	$506K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.18	+0.033%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.41	+0.064%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.25	+0.042%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.36	+0.462%	$172K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	741.30	+0.049%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0264%	1h	741.28	+0.046%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0353%	1h	741.36	+0.057%	$69.0M	$119.9M	20x	as long as short
Phoenix META	+0.0496%	1h	742.78	+0.249%	$496K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0529%	4h	741.87	+0.126%	$62K	$335K	10x	as long as short