Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.035%

Price spread now: BloFin against Polymarket Perps+0.051%45s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$300.302% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now +0.051%, 7d avg +0.029%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.022% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.029%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 45 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	Polymarket Perps META-USD	745.80	0.0050	pay 0.0006% / 1h	51m 37s	$587K	$564K	10x
Short	BloFin META-USDT	746.18	−0.0120	pay 0.0120% / 8h	2h 51m	$333K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$35.7
Price spread: +0.051% → +0.029%: $2.17
Slippage, 4 orders: −$10.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$63.76
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 61 min ago; BloFin: live order book, 1 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, 61 min ago	2.22 bp	7.4 bp −$7	8.4 bp −$84	9.5 bp −$955	doesn't fit
Sell BloFin live order book, 1 min ago	0.07 bp	7.6 bp −$8	11.6 bp −$116	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-USDTshort	−0.0120%	8h	746.18	+0.051%	$333K	$1.1M	20x
Aster METAUSDT	0.0000%	8h	747.22	+0.190%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.79	−0.001%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.25	+0.060%	$28.3M	$181.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.11	+0.042%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.35	+0.074%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.57	−0.031%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.039%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.110%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.10	+0.040%	$716	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.65	−0.020%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	0.000%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.16	+0.048%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	+0.004%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.38	+0.078%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.07	+0.036%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	745.80	long leg	$587K	$564K	10x
SoDEX META-USD	+0.0050%	1h	746.07	+0.036%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.043%	$759K	$4.5M	10x	as long as short
Lighter RH META	+0.0064%	1h	746.53	+0.098%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0065%	1h	745.50	−0.040%	$482K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	745.80	0.000%	—	—	5x	as long as short
Bitget METAUSDT	+0.0083%	8h	746.24	+0.059%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.145%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.46	+0.088%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.87	+0.009%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.13	+0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.99	+0.026%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.082%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0152%	1h	746.07	+0.036%	$179K	$199K	20x	as long as short
edgeX METAUSDC	+0.0218%	4h	745.98	+0.024%	$62K	$338K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.429%	$173K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.41	+0.082%	$980K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.051%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0512%	1h	746.56	+0.102%	$72.6M	$122.3M	20x	as long as short
Phoenix META	+0.0685%	1h	748.29	+0.334%	$799K	$1.4M	20x	as long as short