Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: Polymarket Perps against Binance−0.030%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.030%, 7d avg −0.071%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	741.15	0	get 0.0000% / 8h	5h 37m	$27.3M	$178.8M	20x
Short	Polymarket Perps META-USD	740.93	0.0050	get 0.0006% / 1h	37m 30s	$558K	$539K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: $10.5
Price spread: −0.030% → −0.071%: $4.1
Slippage, 4 orders: −$10.5
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.91
Costs to cover: 0.285%
Break-even: 16.3 days

Slippage from Binance: live order book, 6 min ago; Polymarket Perps: live order book, 25 min ago.

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 Binance live order book, 6 min ago	0.07 bp	7.0 bp −$7	15.9 bp −$159	51.3 bp −$5,135	doesn't fit
Sell Polymarket Perps live order book, 25 min ago	0.07 bp	9.0 bp −$9	9.4 bp −$94	10.5 bp −$1,053	doesn't fit

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	741.25	+0.013%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0034%	1h	740.97	−0.024%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.60	+0.061%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.96	−0.026%	$549K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	741.15	long leg	$27.3M	$178.8M	20x
Bybit METAUSDT	0.0000%	8h	741.23	+0.011%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.08	−0.009%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.03	−0.016%	$345K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.19	+0.005%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.13	−0.003%	$2.3M	$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	741.42	+0.036%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.22	+0.009%	$801	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.73	−0.057%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.13	−0.003%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.21	+0.008%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	741.46	+0.042%	$763K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	741.08	−0.009%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.83	−0.043%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.43	+0.038%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.16	+0.001%	$178K	$199K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	740.93	−0.030%	$558K	$539K	10x
SoDEX META-USD	+0.0050%	1h	741.32	+0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.53	−0.084%	$702K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	740.99	−0.021%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0075%	1h	742.12	+0.131%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.82	+0.090%	$610K	$7.1M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.43	+0.038%	$1.6M	$511K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.68	−0.063%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.32	+0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.14	−0.001%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.52	+0.320%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	741.38	+0.031%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.39	+0.032%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	741.33	+0.024%	$69.1M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.14	+0.134%	$521K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0560%	4h	741.14	−0.001%	$62K	$335K	10x	as long as short