Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h —

Price spread now: Paradex against SoDEX−0.039%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.039% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9.6 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	747.49	0.0050	pay 0.0006% / 1h	4m 06s	$25K	$3K	10x
Short	Paradex META-USD-PERP	747.20	0.0064	get 0.0064% / 8h	3h 04m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now −0.039%Rate

Funding earned: $2.84
Price spread: −0.039% → 0.000%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.06
Costs to cover: 0.120%
Break-even: 39.2 days

Slippage unknown: SoDEX: no order-book sample; Paradex: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

SoDEX and 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	747.32	−0.023%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	747.02	−0.063%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.20	−0.039%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.63	+0.018%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.43	−0.008%	$28.5M	$182.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.52	+0.004%	$7.5M	$14.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.90	+0.055%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.42	−0.009%	$422K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.013%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	748.03	+0.073%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.74	+0.033%	$966	$8.7M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.20	−0.039%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.54	+0.007%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0018%	1h	747.57	+0.011%	$31K	$252K	10x	as long as short
Lighter RH META	+0.0032%	1h	747.38	−0.015%	$770K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.20	−0.039%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.80	+0.041%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.48	−0.001%	$588K	$564K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	747.49	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	746.55	−0.126%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.34	−0.020%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERPshort	+0.0064%	8h	747.20	−0.039%	—	—	5x
Aftermath Perps METAUSD	+0.0083%	1h	748.37	+0.117%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.49	0.000%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.73	+0.032%	$1.6M	$626K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.07	−0.056%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.92	+0.058%	$1K	$24	10x	as long as short
Bitget METAUSDT	+0.0101%	8h	747.68	+0.025%	$5.5M	$12.0M	100x	as long as short
Aevo META-PERP	+0.0104%	1h	747.63	+0.019%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.31	−0.024%	$673K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	−0.040%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	747.53	+0.005%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.37	−0.016%	$918K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0349%	1h	747.54	+0.007%	$72.1M	$121.9M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.235%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.067%	$62K	$338K	10x	as long as short