META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h −0.034%

Price spread now: Coinbase International against Polymarket Perps+0.027%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.027%, 7d avg −0.093%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.120% dearer against Polymarket Perps than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 7 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	740.32	0.0080	pay 0.0010% / 1h	55m 57s	$558K	$857K	10x
Short	Coinbase International META-PERP-INTX	740.52	0.0144	get 0.0018% / 1h	55m 57s	$608K	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.027%Rate

Funding earned: $13.52
Price spread: +0.027% → −0.093%: $11.96
Slippage, 4 orders: −$16.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.14
Costs to cover: 0.346%
Break-even: 11.7 days

Slippage from Polymarket Perps: live order book, 17 min ago; Coinbase International: live order book, 3 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, 17 min ago	1.42 bp	7.9 bp −$8	8.0 bp −$80	10.0 bp −$995	doesn't fit
Sell Coinbase International live order book, 3 min ago	5.40 bp	10.4 bp −$10	15.0 bp −$150	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-USDT	−0.0120%	8h	740.72	+0.054%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.93	+0.082%	$461K	$546K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.31	−0.001%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.38	+0.008%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.36	+0.005%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.41	+0.012%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.19	−0.018%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.45	+0.018%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.025%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	741.01	+0.093%	$12K	$482K	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	740.75	+0.058%	$696	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.21	−0.015%	$30K	$254K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.27	−0.007%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.081%	$2.0M	$7K	10x	as long as short
Nado META-PERP	+0.0003%	1h	740.14	−0.024%	$384K	$332K	20x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.055%	$760K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.81	+0.066%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.51	+0.026%	$178K	$194K	20x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	+0.016%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.93	−0.053%	$746K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.56	+0.032%	$2.2M	$14.3M	10x	as long as short
Arcus META-USD	+0.0063%	1h	740.57	+0.034%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0072%	1h	740.86	+0.074%	$50K	$77K	10x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	740.38	+0.008%	—	—	5x	as long as short
Polymarket Perps META-USDlong	+0.0080%	1h	740.32	long leg	$558K	$857K	10x
KuCoin METAUSDTM	+0.0100%	8h	740.70	+0.051%	$1.6M	$409K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.44	+0.016%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.51	+0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.23	−0.013%	$266	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.01	+0.093%	$291K	$797K	20x	as long as short
Coinbase International META-PERP-INTXshort	+0.0144%	1h	740.52	+0.027%	$608K	$7.3M	10x
Injective META/USDC PERP	+0.0220%	1h	740.31	−0.001%	$168K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0250%	1h	740.33	+0.001%	$67.7M	$122.9M	20x	as long as short
Hotstuff META-PERP	+0.0256%	1h	740.33	+0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	740.79	+0.063%	$858K	$2.4M	20x	as long as short
edgeX METAUSDC	+0.0910%	4h	740.71	+0.053%	$62K	$335K	10x	as long as short