Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: Polymarket Perps against Bitget−0.065%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 7 days−0.132%−$13 · spread now −0.065%, 7d avg −0.065%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.065%, 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	Bitget METAUSDT	743.08	0	get 0.0000% / 8h	7h 22m	$5.7M	$12.2M	100x
Short	Polymarket Perps META-USD	742.60	0.0050	get 0.0006% / 1h	22m 16s	$565K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.065%Rate

Funding earned: $10.5
Price spread: −0.065% → −0.065%: $0.08
Slippage, 4 orders: −$14.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$24.2
Costs to cover: 0.348%
Break-even: 23.1 days

Slippage from Bitget: live order book, 6 min ago; Polymarket Perps: live order book, 75 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 Bitget live order book, 6 min ago	1.55 bp	12.6 bp −$13	20.2 bp −$202	48.2 bp −$4,824	doesn't fit
Sell Polymarket Perps live order book, 75 min ago	0.54 bp	4.7 bp −$5	7.9 bp −$79	9.1 bp −$912	doesn't fit

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	742.85	−0.031%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0001%	1h	742.95	−0.018%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.13	+0.006%	$487K	$612K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.97	−0.015%	$544K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.20	+0.017%	$25.9M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.19	+0.015%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.07	−0.001%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.05	−0.004%	$487K	$6.3M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	743.08	long leg	$5.7M	$12.2M	100x
Variational Omni META	0.0000%	8h	741.77	−0.176%	$2.5M	$3.0M	—	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	742.33	−0.100%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.45	+0.050%	$866	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.83	−0.034%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.51	−0.077%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.58	+0.067%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.43	+0.047%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.35	+0.036%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.14	+0.008%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.49	+0.055%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.40	+0.043%	$180K	$205K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.60	−0.065%	$565K	$619K	10x
SoDEX META-USD	+0.0050%	1h	743.07	−0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.02	−0.143%	$737K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	743.37	+0.039%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	743.34	+0.035%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.26	+0.024%	$607	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.03	−0.007%	$1.6M	$776K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.63	−0.195%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.13	+0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.93	−0.020%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.26	−0.110%	$628K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.229%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0272%	1h	743.11	+0.004%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	743.66	+0.078%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0311%	1h	743.39	+0.042%	$84.8M	$133.5M	20x	as long as short
Phoenix META	+0.0791%	1h	743.14	+0.008%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	741.93	−0.155%	$63K	$346K	10x	as long as short