Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.039%

Price spread now: Polymarket Perps against Gate+0.043%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.043%, 7d avg −0.013%

Together, before fees+0.166%+$17 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 0.057% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	740.37	0	get 0.0000% / 8h	1h 35m	$329K	$5.4M	100x
Short	Polymarket Perps META-USD	740.69	0.0050	get 0.0006% / 1h	35m 10s	$541K	$840K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.043%Rate

Funding earned: $10.5
Price spread: +0.043% → −0.013%: $5.65
Slippage, 4 orders: −$22.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.64
Costs to cover: 0.458%
Break-even: 26.8 days

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 48 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 Gate live order book, 3 min ago	7.50 bp	16.2 bp −$16	31.2 bp −$312	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 48 min ago	1.89 bp	6.6 bp −$7	8.8 bp −$88	doesn't fit	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	740.24	−0.018%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0064%	1h	740.54	+0.023%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.13	+0.102%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.34	−0.005%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.45	+0.011%	$26.9M	$177.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.45	+0.011%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.39	+0.003%	$6.0M	$13.1M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	740.37	long leg	$329K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	740.49	+0.016%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.63	+0.035%	$1.6M	$2.6M	—	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	740.67	+0.041%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.46	+0.012%	$759	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.41	+0.005%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.06	−0.042%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	+0.020%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.46	+0.012%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.60	+0.031%	$743K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.41	+0.005%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.14	+0.104%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.70	+0.045%	$178K	$201K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	740.69	+0.043%	$541K	$840K	10x
SoDEX META-USD	+0.0050%	1h	740.33	−0.005%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.49	+0.016%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.018%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.92	+0.075%	$49K	$63K	10x	as long as short
edgeX METAUSDC	+0.0058%	4h	740.42	+0.007%	$62K	$330K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.35	−0.003%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.005%	$291K	$791K	20x	as long as short
Hotstuff META-PERP	+0.0072%	1h	740.75	+0.051%	$33K	$105	20x	as long as short
Lighter META	+0.0080%	1h	740.61	+0.032%	$861K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.48	+0.015%	$1.6M	$361K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.065%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.39	+0.003%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0121%	1h	740.54	+0.023%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.28	−0.012%	$168K	$46K	30x	as long as short