META

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.011%

Price spread now: Polymarket Perps against Deribit−0.012%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.012%, 7d avg +0.040%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.052% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	736.27	0.0171	pay 0.0021% / 1h	9m 47s	$36K	$199K	10x
Short	Polymarket Perps META-USD	736.18	0.0050	get 0.0006% / 1h	9m 47s	$555K	$570K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$25.45
Price spread: −0.012% → +0.040%: −$5.25
Slippage, 4 orders: −$15.88
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$61.58
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Deribit: live order book, 32 min ago; Polymarket Perps: live order book, 31 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 Deribit live order book, 32 min ago	0.07 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 31 min ago	1.02 bp	9.1 bp −$9	9.4 bp −$94	10.8 bp −$1,080	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	735.91	−0.049%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	736.18	−0.012%	$291K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	737.00	+0.099%	$486K	$656K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	736.38	+0.015%	$543K	$3.9M	17x	as long as short
Binance METAUSDT	0.0000%	8h	736.58	+0.042%	$24.6M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	736.57	+0.041%	$7.5M	$16.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	736.44	+0.023%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	736.26	−0.001%	$485K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	736.54	+0.037%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	735.79	−0.065%	$2.7M	$3.3M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	736.20	−0.010%	$12K	$421K	10x	as long as short
SunX META-USDT	0.0000%	8h	736.22	−0.007%	$868	$6.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	736.47	+0.027%	$108K	$315K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	736.96	+0.094%	$2.0M	$10K	10x	as long as short
Lighter RH META	+0.0032%	1h	736.79	+0.071%	$915K	$2.9M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	736.46	+0.026%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	736.16	−0.015%	$177K	$194K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	736.18	−0.012%	$555K	$570K	10x
SoDEX META-USD	+0.0050%	1h	736.23	−0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	735.70	−0.077%	$724K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	736.02	−0.034%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	736.23	−0.006%	—	—	5x	as long as short
Nado META-PERP	+0.0076%	1h	735.61	−0.089%	$478K	$546K	20x	as long as short
Aftermath Perps METAUSD	+0.0077%	1h	736.70	+0.059%	$53K	$84K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	735.77	−0.068%	$665K	$7.3M	10x	as long as short
Pacifica META	+0.0100%	1h	735.89	−0.051%	$606	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	736.57	+0.041%	$1.6M	$977K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	735.94	−0.045%	$165K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	736.50	+0.031%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	736.42	+0.021%	$265	—	10x	as long as short
Deribit META_USDC-PERPETUALlong	+0.0171%	1h	736.27	long leg	$36K	$199K	10x
Arcus META-USD	+0.0209%	1h	735.70	−0.077%	$112K	$293K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	738.12	+0.251%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0291%	1h	736.34	+0.010%	$86.3M	$136.5M	20x	as long as short
Lighter META	+0.0392%	1h	736.92	+0.088%	$1.5M	$3.2M	20x	as long as short
Phoenix META	+0.0626%	1h	737.62	+0.183%	$787K	$1.6M	20x	as long as short
edgeX METAUSDC	+0.0724%	4h	736.16	−0.015%	$62K	$349K	10x	as long as short