META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.035%

Price spread now: Polymarket Perps against Injective−0.699%51s7-day average −0.306% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as 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−$710.712% of the position

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.327%−$33 on $10k

Price spread, last 4 days (all we have)+0.544%+$54 · spread now −0.699%, 7d avg −0.306%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.394% cheaper against Injective than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.306%). Swap the legs. The two prices were read 51 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	Injective META/USDC PERP	747.88	0.0220	pay 0.0028% / 1h	36m 17s	$172K	$46K	30x
Short	Polymarket Perps META-USD	742.65	0.0050	get 0.0006% / 1h	36m 17s	$584K	$564K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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 InjectivebpFee Polymarket PerpsbpOrdersPrice spread, now −0.699%Rate

Funding earned: −$35.7
Price spread: −0.699% → −0.306%: −$39.37
Slippage, 4 orders: −$63.21
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$146.29
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from Injective: live order book, 12 min ago; Polymarket Perps: live order book, 11 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 Injective live order book, 12 min ago	19.96 bp	20.0 bp −$20	9885.4 bp −$98.9K	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 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
BloFin META-USDT	−0.0120%	8h	742.69	−0.694%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.19	−0.627%	$490K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.82	−0.677%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.97	−0.657%	$28.2M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.90	−0.666%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.06	−0.644%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.55	−0.713%	$431K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.90	−0.666%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.86	−0.537%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.50	−0.719%	$12K	$447K	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	742.87	−0.670%	$1K	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.53	−0.715%	$33K	$262K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.57	−0.710%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.84	−0.674%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.67	−0.697%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.13	−0.635%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.18	−0.628%	$2.2M	$13.8M	10x	as long as short
Lighter RH META	+0.0048%	1h	743.18	−0.628%	$768K	$2.9M	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.65	−0.699%	$584K	$564K	10x
SoDEX META-USD	+0.0050%	1h	742.67	−0.697%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.08	−0.776%	$803K	$4.6M	10x	as long as short
Nado META-PERP	+0.0060%	1h	742.43	−0.729%	$480K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0083%	8h	742.79	−0.681%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0088%	1h	743.56	−0.578%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.17	−0.630%	$1.6M	$639K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.61	−0.838%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.88	−0.669%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.58	−0.709%	$267	—	10x	as long as short
Popdex METAUSDT	+0.0128%	1h	743.12	−0.636%	$178K	$200K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	742.01	−0.785%	$669K	$7.6M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	747.88	long leg	$172K	$46K	30x
edgeX METAUSDC	+0.0353%	4h	742.57	−0.711%	$62K	$339K	10x	as long as short
Lighter META	+0.0376%	1h	742.91	−0.665%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0408%	1h	742.78	−0.682%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0491%	1h	743.23	−0.622%	$74.1M	$124.2M	20x	as long as short
Phoenix META	+0.0685%	1h	743.37	−0.603%	$794K	$1.4M	20x	as long as short