META

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.035%

Price spread now: Arcus against Polymarket Perps−0.031%7-day average −0.011% · 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−$24as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.031%, 7d avg −0.011%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.056%, 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	Polymarket Perps META-USD	740.08	0.0050	pay 0.0006% / 1h	30m 02s	$558K	$612K	10x
Short	Arcus META-USD	739.85	0.0040	get 0.0005% / 1h	30m 02s	$111K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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 Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$2.04
Price spread: −0.031% → −0.011%: −$1.99
Slippage, 4 orders: −$9.23
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.77
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Arcus: live order book, 16 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 Polymarket Perps live order book, 16 min ago	1.42 bp	7.1 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Arcus live order book, 16 min ago	2.09 bp	4.6 bp −$5	9.1 bp −$91	18.0 bp −$1,803	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	735.21	−0.658%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.35	+0.036%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.73	+0.088%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.08	0.000%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.40	+0.043%	$25.6M	$192.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.14	+0.008%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.32	+0.032%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.10	+0.003%	$462K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.33	+0.034%	$5.7M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.19	+0.015%	$2.5M	$3.0M	—	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	740.17	+0.012%	$12K	$433K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.30	+0.030%	$912	$7.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.40	+0.043%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.22	+0.019%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	740.43	+0.047%	$871K	$2.8M	20x	as long as short
QFEX META-USD	+0.0038%	1h	740.02	−0.008%	$2.1M	$13.9M	10x	as long as short
Arcus META-USDshort	+0.0040%	1h	739.85	−0.031%	$111K	$290K	10x
Vest META-USD-PERP	+0.0046%	1h	740.21	+0.018%	—	$11K	25x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	740.08	long leg	$558K	$612K	10x
SoDEX META-USD	+0.0050%	1h	740.21	+0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.076%	$744K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.88	−0.026%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.40	+0.043%	$649K	$7.5M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	740.79	+0.095%	$53K	$86K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	740.37	+0.039%	$178K	$198K	20x	as long as short
Pacifica META	+0.0100%	1h	739.48	−0.081%	$614	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.19	+0.015%	$1.6M	$896K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.17	+0.012%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.22	+0.019%	$1K	$59	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.03	−0.007%	$266	—	10x	as long as short
Nado META-PERP	+0.0117%	1h	739.63	−0.061%	$474K	$550K	20x	as long as short
edgeX METAUSDC	+0.0163%	4h	740.59	+0.070%	$62K	$350K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.41	+0.315%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0323%	1h	740.29	+0.028%	$86.7M	$135.9M	20x	as long as short
Lighter META	+0.0344%	1h	740.37	+0.039%	$1.2M	$2.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0548%	1h	740.18	+0.014%	$36K	$213K	10x	as long as short
Phoenix META	+0.0613%	1h	741.63	+0.209%	$792K	$1.5M	20x	as long as short