Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.087%

Price spread now: Binance against Polymarket Perps+0.093%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 2 days (all we have)−0.071%−$7 · spread now +0.093%, 7d avg +0.015%

Together, before fees−0.250%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.079% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.015%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	740.61	0.0050	pay 0.0006% / 1h	58m 56s	$558K	$857K	10x
Short	Binance METAUSDT	741.30	0	get 0.0000% / 8h	7h 58m	$27.5M	$180.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: −$10.5
Price spread: +0.093% → +0.015%: $7.86
Slippage, 4 orders: −$6.67
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.31
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 14 min ago; Binance: live order book, 14 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, 14 min ago	1.42 bp	7.9 bp −$8	8.0 bp −$80	10.0 bp −$995	doesn't fit
Sell Binance live order book, 14 min ago	0.07 bp	5.9 bp −$6	10.2 bp −$102	36.3 bp −$3,630	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	741.23	+0.084%	$327K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0060%	1h	740.80	+0.026%	$30K	$258K	10x	as long as short
Aster METAUSDT	0.0000%	8h	741.08	+0.064%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.08	+0.064%	$549K	$1.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	741.30	+0.093%	$27.5M	$180.4M	20x
Bybit METAUSDT	0.0000%	8h	741.05	+0.059%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.01	+0.054%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.67	+0.008%	$355K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.08	+0.063%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.83	+0.030%	$2.3M	$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	741.01	+0.054%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.51	−0.014%	$644	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.73	+0.016%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.26	+0.088%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.14	+0.072%	$2.2M	$14.4M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.39	+0.105%	$761K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.39	−0.030%	$110K	$451K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.18	+0.077%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.03	+0.057%	$178K	$201K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	740.61	long leg	$558K	$857K	10x
SoDEX META-USD	+0.0050%	1h	740.75	+0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.75	−0.116%	$757K	$4.3M	10x	as long as short
Aftermath Perps METAUSD	+0.0073%	1h	741.06	+0.061%	$51K	$76K	10x	as long as short
Paradex META-USD-PERP	+0.0074%	8h	740.47	−0.018%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.00	+0.053%	$1.6M	$408K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	−0.023%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.26	+0.088%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.99	+0.051%	$267	—	10x	as long as short
Nado META-PERP	+0.0116%	1h	741.06	+0.061%	$385K	$332K	20x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.054%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.52	−0.012%	$608K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	740.48	−0.018%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.21	+0.351%	$169K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	741.49	+0.119%	$859K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0368%	1h	740.63	+0.003%	$67.7M	$122.8M	20x	as long as short
edgeX METAUSDC	+0.0622%	4h	740.96	+0.047%	$62K	$334K	10x	as long as short