Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.045%

Price spread now: Polymarket Perps against BloFin+0.031%45s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.307% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.318%+$32 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.031%, 7d avg −0.029%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.060% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.029%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	738.54	−0.0120	get 0.0120% / 8h	7h 36m	$329K	$1.1M	20x
Short	Polymarket Perps META-USD	738.77	0.0050	get 0.0006% / 1h	36m 12s	$556K	$857K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: $35.7
Price spread: +0.031% → −0.029%: $6.01
Slippage, 4 orders: −$10.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $11.01
Costs to cover: 0.307%
Break-even: 4.8 days

Slippage from BloFin: live order book, 1 min ago; Polymarket Perps: live order book, 37 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 BloFin live order book, 1 min ago	1.62 bp	8.3 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 37 min ago	1.42 bp	5.8 bp −$6	7.0 bp −$70	8.8 bp −$879	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
Phemex METAUSDT	−0.0244%	4h	738.69	+0.020%	$2.0M	$8K	10x	as long as short
BloFin META-USDTlong	−0.0120%	8h	738.54	long leg	$329K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	738.82	+0.038%	$465K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.73	+0.026%	$547K	$2.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.90	+0.049%	$27.2M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.87	+0.045%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	738.80	+0.035%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.58	+0.005%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.82	+0.038%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	738.79	+0.034%	$2.3M	$3.3M	—	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	738.15	−0.052%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.13	+0.080%	$765	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	738.70	+0.022%	$106K	$292K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0021%	1h	738.47	−0.009%	$30K	$247K	10x	as long as short
Nado META-PERP	+0.0031%	1h	738.48	−0.009%	$373K	$344K	20x	as long as short
Lighter RH META	+0.0032%	1h	739.01	+0.064%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.92	+0.051%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.93	+0.053%	$177K	$194K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	738.77	+0.031%	$556K	$857K	10x
SoDEX META-USD	+0.0050%	1h	738.81	+0.037%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.20	−0.046%	$692K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.91	+0.050%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.17	−0.050%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	738.68	+0.019%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.41	+0.118%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0080%	1h	738.42	−0.016%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.87	+0.045%	$1.6M	$424K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.51	−0.139%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.82	+0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.65	+0.014%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.007%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0168%	1h	738.90	+0.049%	$67.4M	$121.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.07	+0.207%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	738.15	−0.053%	$277K	$930K	20x	as long as short
Lighter META	+0.0280%	1h	739.06	+0.070%	$850K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0801%	4h	737.90	−0.087%	$62K	$333K	10x	as long as short