META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.022%

Price spread now: Deribit against Polymarket Perps−0.004%7-day average −0.043% · 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−$19as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.004%, 7d avg −0.043%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.039% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.043%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	744.95	0.0050	pay 0.0006% / 1h	40m 03s	$564K	$621K	10x
Short	Deribit META_USDC-PERPETUAL	744.92	0	get 0.0000% / 1h	40m 03s	$34K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$10.5
Price spread: −0.004% → −0.043%: $3.89
Slippage, 4 orders: −$8.28
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.89
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 63 min ago; Deribit: live order book, 63 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, 63 min ago	0.07 bp	4.2 bp −$4	6.3 bp −$63	8.2 bp −$816	doesn't fit
Sell Deribit live order book, 63 min ago	0.07 bp	7.3 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit

META on 37 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	745.44	+0.066%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.33	+0.051%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.29	+0.045%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.49	+0.072%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.16	+0.028%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.59	+0.086%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.13	+0.024%	$466K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.37	+0.056%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.36	+0.055%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.63	−0.043%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.38	+0.058%	$890	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	744.92	−0.004%	$34K	$275K	10x
HTX META-USDT	0.0000%	8h	745.35	+0.054%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.35	+0.054%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.25	+0.040%	$2.2M	$13.9M	10x	as long as short
Nado META-PERP	+0.0032%	1h	745.20	+0.034%	$480K	$560K	20x	as long as short
Lighter RH META	+0.0040%	1h	745.55	+0.081%	$789K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.84	−0.015%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.66	+0.095%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.41	+0.062%	$177K	$203K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	744.95	long leg	$564K	$621K	10x
SoDEX META-USD	+0.0050%	1h	745.44	+0.066%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.22	+0.036%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	745.44	+0.065%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.73	+0.105%	$48K	$89K	10x	as long as short
Pacifica META	+0.0100%	1h	745.03	+0.011%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.06	+0.015%	$1.6M	$715K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.98	−0.130%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.42	+0.063%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.30	+0.047%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.36	+0.055%	$644K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.209%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0416%	1h	745.97	+0.137%	$33K	$105	20x	as long as short
Lighter META	+0.0464%	1h	745.76	+0.109%	$1.1M	$2.9M	20x	as long as short
edgeX METAUSDC	+0.0495%	4h	744.81	−0.019%	$62K	$343K	10x	as long as short
tradeXYZ xyz:META	+0.0541%	1h	745.68	+0.098%	$81.1M	$129.8M	20x	as long as short
Phoenix META	+0.0750%	1h	746.26	+0.176%	$797K	$1.5M	20x	as long as short