Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.014%

Price spread now: Polymarket Perps against Bybit−0.018%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.018%, 7d avg −0.047%

Together, before fees+0.141%+$14 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 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit METAUSDT	740.45	0	get 0.0000% / 8h	7h 56m	$7.5M	$14.0M	100x
Short	Polymarket Perps META-USD	740.32	0.0080	get 0.0010% / 1h	56m 11s	$558K	$857K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.018%Rate

Funding earned: $16.72
Price spread: −0.018% → −0.047%: $2.97
Slippage, 4 orders: −$18.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.66
Costs to cover: 0.374%
Break-even: 14.4 days

Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 17 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 Bybit live order book, 2 min ago	1.75 bp	11.4 bp −$11	39.4 bp −$394	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 17 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
BloFin META-USDT	−0.0120%	8h	740.72	+0.036%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.93	+0.065%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.34	−0.015%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.50	+0.006%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDTlong	0.0000%	8h	740.45	long leg	$7.5M	$14.0M	100x
OKX META-USDT-SWAP	0.0000%	8h	740.46	+0.001%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.23	−0.030%	$354K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.47	+0.003%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.007%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.01	+0.076%	$12K	$482K	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	740.75	+0.041%	$696	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.21	−0.032%	$30K	$254K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.27	−0.024%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.063%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0003%	1h	740.14	−0.042%	$384K	$332K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.038%	$760K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.81	+0.049%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.51	+0.008%	$178K	$194K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	−0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.93	−0.070%	$746K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.56	+0.015%	$2.2M	$14.3M	10x	as long as short
Arcus META-USD	+0.0063%	1h	740.57	+0.016%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	740.86	+0.056%	$50K	$77K	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	740.38	−0.009%	—	—	5x	as long as short
Polymarket Perps META-USDshort	+0.0080%	1h	740.32	−0.018%	$558K	$857K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.69	+0.032%	$1.6M	$409K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.001%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.51	+0.008%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.23	−0.030%	$266	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.076%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	+0.009%	$608K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.019%	$168K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0250%	1h	740.33	−0.016%	$67.7M	$122.9M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	740.33	−0.016%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	740.79	+0.046%	$858K	$2.4M	20x	as long as short
edgeX METAUSDC	+0.0910%	4h	740.71	+0.035%	$62K	$335K	10x	as long as short