Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0516%/8h= +56.4% APRpaid last 24h +0.057%

Price spread now: edgeX against Polymarket Perps−0.026%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.026%, 7d avg +0.014%

Together, before fees+0.508%+ Points / potential airdropedgeX: Active · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.040% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.014%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.370% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	741.32	0.0050	pay 0.0006% / 1h	25m 28s	$542K	$840K	10x
Short	edgeX METAUSDC	741.12	0.0566	get 0.0283% / 4h	1h 25m	$62K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $108.26
Price spread: −0.026% → +0.014%: −$4.02
Slippage, 4 orders: −$16.23
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $71.01
Costs to cover: 0.332%
Break-even: 2.4 days

Slippage from Polymarket Perps: live order book, 58 min ago; edgeX: live order book, 58 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, 58 min ago	1.89 bp	7.2 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	5.13 bp	9.7 bp −$10	11.3 bp −$113	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	741.33	+0.001%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0087%	1h	741.16	−0.021%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.76	+0.059%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.20	−0.017%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.32	+0.001%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	0.000%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.32	0.000%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.77	−0.074%	$343K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.32	0.000%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.094%	$1.6M	$2.6M	—	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	741.30	−0.003%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.68	+0.049%	$909	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.44	+0.016%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.11	−0.028%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.39	+0.009%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.15	−0.023%	$2.2M	$14.2M	10x	as long as short
Lighter RH META	+0.0032%	1h	741.52	+0.027%	$749K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.86	−0.062%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.79	+0.063%	—	$9K	25x	as long as short
Lighter META	+0.0048%	1h	741.50	+0.024%	$862K	$2.5M	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.39	+0.009%	$178K	$201K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	741.32	long leg	$542K	$840K	10x
SoDEX META-USD	+0.0050%	1h	741.32	0.000%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.13	−0.026%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	−0.019%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.71	+0.052%	$50K	$66K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.055%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.28	−0.005%	$291K	$791K	20x	as long as short
Hotstuff META-PERP	+0.0072%	1h	741.49	+0.023%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0096%	1h	741.39	+0.009%	$68.6M	$121.0M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.19	−0.018%	$1.6M	$364K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.02	−0.040%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.27	−0.007%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.16	−0.022%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.100%	$169K	$46K	30x	as long as short
edgeX METAUSDCshort	+0.0566%	4h	741.12	−0.026%	$62K	$332K	10x