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 −0.036%

Price spread now: Bitget against Polymarket Perps+0.001%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.001%, 7d avg +0.064%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.063% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	737.96	0.0050	pay 0.0006% / 1h	38m 36s	$556K	$857K	10x
Short	Bitget METAUSDT	737.97	0	get 0.0000% / 8h	7h 38m	$5.6M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$10.5
Price spread: +0.001% → +0.064%: −$6.27
Slippage, 4 orders: −$12.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.1
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; Bitget: live order book, 5 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, 34 min ago	1.42 bp	7.9 bp −$8	8.0 bp −$80	10.0 bp −$995	doesn't fit
Sell Bitget live order book, 5 min ago	0.88 bp	10.5 bp −$10	17.3 bp −$173	29.6 bp −$2,963	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
Phemex METAUSDT	−0.0400%	4h	738.31	+0.047%	$2.0M	$8K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	738.18	+0.030%	$328K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	738.54	+0.078%	$465K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.00	+0.005%	$547K	$2.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.21	+0.034%	$27.2M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.17	+0.028%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	738.05	+0.012%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	737.73	−0.031%	$351K	$5.6M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	737.97	+0.001%	$5.6M	$11.1M	100x
Variational Omni META	0.0000%	8h	738.89	+0.126%	$2.3M	$3.3M	—	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	739.31	+0.182%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	738.32	+0.049%	$885	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	737.57	−0.053%	$30K	$250K	10x	as long as short
HTX META-USDT	0.0000%	8h	737.92	−0.005%	$106K	$292K	30x	as long as short
Nado META-PERP	+0.0032%	1h	737.55	−0.055%	$372K	$343K	20x	as long as short
Lighter RH META	+0.0032%	1h	738.05	+0.012%	$755K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	738.18	+0.030%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.23	+0.037%	$177K	$194K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	737.96	long leg	$556K	$857K	10x
SoDEX META-USD	+0.0050%	1h	737.76	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	736.96	−0.136%	$686K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.09	+0.018%	$2.2M	$14.2M	10x	as long as short
Hotstuff META-PERP	+0.0056%	1h	738.07	+0.015%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	738.09	+0.018%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	737.92	−0.006%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	738.52	+0.075%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.10	+0.019%	$1.6M	$423K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	737.75	−0.028%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.14	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	737.98	+0.003%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	737.66	−0.041%	$610K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0148%	1h	737.91	−0.007%	$67.3M	$121.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.07	+0.286%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	739.18	+0.165%	$277K	$930K	20x	as long as short
Lighter META	+0.0272%	1h	738.11	+0.020%	$849K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0843%	4h	738.72	+0.103%	$62K	$333K	10x	as long as short