Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.076%

Price spread now: Polymarket Perps against edgeX+0.027%64s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as 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−$360.357% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.460%−$46 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.027%, 7d avg −0.016%

Together, before fees−0.572%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.042% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 64 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	edgeX METAUSDC	743.62	0.0042	pay 0.0021% / 4h	2h 13m	$62K	$341K	10x
Short	Polymarket Perps META-USD	743.82	0.0050	get 0.0006% / 1h	13m 59s	$585K	$562K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.027%Rate

Funding earned: $1.66
Price spread: +0.027% → −0.016%: $4.25
Slippage, 4 orders: −$18.71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.79
Costs to cover: 0.357%
Break-even: 132.4 days

Slippage from edgeX: live order book, 34 min ago; Polymarket Perps: live order book, 34 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 edgeX live order book, 34 min ago	5.16 bp	9.8 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 34 min ago	3.29 bp	7.5 bp −$7	8.4 bp −$84	10.0 bp −$1,003	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
Deribit META_USDC-PERPETUAL	−0.0140%	1h	743.36	−0.035%	$31K	$263K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	743.90	+0.038%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.97	+0.047%	$479K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.03	+0.055%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.20	+0.077%	$27.6M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.99	+0.050%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.19	+0.077%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.68	+0.008%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.30	+0.091%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	+0.027%	$2.4M	$3.2M	—	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	743.82	+0.027%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.18	+0.075%	$893	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.97	+0.047%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.48	+0.116%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	743.97	+0.047%	$481K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.38	+0.102%	$761K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.51	−0.015%	$109K	$331K	10x	as long as short
edgeX METAUSDClong	+0.0042%	4h	743.62	long leg	$62K	$341K	10x
Vest META-USD-PERP	+0.0046%	1h	744.46	+0.113%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.99	+0.050%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.15	+0.071%	$178K	$200K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	743.82	+0.027%	$585K	$562K	10x
SoDEX META-USD	+0.0050%	1h	744.20	+0.078%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.055%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	744.06	+0.060%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.27	+0.087%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.93	+0.042%	$1.6M	$653K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.01	−0.082%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.12	+0.067%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.94	+0.043%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.026%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.01	+0.321%	$172K	$46K	30x	as long as short
Lighter META	+0.0304%	1h	744.45	+0.112%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.46	+0.113%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0447%	1h	744.70	+0.145%	$75.5M	$125.4M	20x	as long as short
Phoenix META	+0.0685%	1h	744.89	+0.171%	$795K	$1.4M	20x	as long as short