META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h +0.020%

Price spread now: Polymarket Perps against Coinbase International+0.050%47s7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as 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−$290.290% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.050%, 7d avg +0.089%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.089%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.198%, so the current rate has only just turned against you. The two prices were read 47 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	Coinbase International META-PERP-INTX	742.02	0.0104	pay 0.0013% / 1h	44m 37s	$614K	$7.2M	10x
Short	Polymarket Perps META-USD	742.39	0.0050	get 0.0006% / 1h	44m 37s	$559K	$540K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$11.34
Price spread: +0.050% → +0.089%: −$3.91
Slippage, 4 orders: −$11.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$44.28
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Polymarket Perps: live order book, 13 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 Coinbase International live order book, 4 min ago	2.15 bp	7.9 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 13 min ago	1.75 bp	7.5 bp −$8	7.9 bp −$79	10.1 bp −$1,012	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	742.25	+0.031%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0049%	1h	742.20	+0.025%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.42	+0.054%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.52	+0.067%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.54	+0.070%	$27.5M	$180.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.47	+0.061%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.41	+0.053%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.16	+0.019%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.49	+0.063%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.05	+0.004%	$2.4M	$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	743.01	+0.134%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.32	+0.040%	$596	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.85	−0.023%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.14	+0.016%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.83	+0.109%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.81	+0.106%	$766K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.42	+0.054%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.10	+0.011%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.68	+0.089%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.57	+0.074%	$179K	$199K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.39	+0.050%	$559K	$540K	10x
SoDEX META-USD	+0.0050%	1h	742.11	+0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.82	−0.027%	$701K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.50	+0.065%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.94	+0.125%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.78	+0.102%	$1.6M	$535K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.47	−0.074%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.29	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.08	+0.008%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	742.02	long leg	$614K	$7.2M	10x
Hotstuff META-PERP	+0.0128%	1h	741.79	−0.031%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.35	−0.090%	$171K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	742.74	+0.097%	$859K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0263%	1h	742.64	+0.084%	$69.5M	$120.4M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.256%	$635K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0605%	4h	742.41	+0.053%	$62K	$338K	10x	as long as short