Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.039%

Price spread now: Gate against Polymarket Perps−0.085%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.085%, 7d avg +0.013%

Together, before fees−0.124%−$12 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 Gate is 0.098% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	740.61	0.0050	pay 0.0006% / 1h	36m 13s	$541K	$840K	10x
Short	Gate META_USDT	739.98	0	get 0.0000% / 8h	1h 36m	$330K	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.085%Rate

Funding earned: −$10.5
Price spread: −0.085% → +0.013%: −$9.84
Slippage, 4 orders: −$22.79
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.13
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 47 min ago; Gate: live order book, 2 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, 47 min ago	1.89 bp	7.2 bp −$7	8.9 bp −$89	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.50 bp	15.8 bp −$16	39.1 bp −$391	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	740.63	+0.003%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0060%	1h	740.51	−0.013%	$395K	$317K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.17	+0.076%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.46	−0.020%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.58	−0.004%	$26.9M	$177.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.57	−0.005%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.55	−0.008%	$6.0M	$13.1M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	739.98	−0.085%	$330K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	740.56	−0.007%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.36	−0.034%	$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	740.44	−0.023%	$12K	$509K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.86	+0.034%	$856	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.51	−0.014%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.22	−0.053%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.52	−0.012%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	740.41	−0.027%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.93	+0.043%	$744K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.35	−0.035%	$260K	$316K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.08	+0.063%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.50	−0.015%	$178K	$201K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	740.61	long leg	$541K	$840K	10x
SoDEX META-USD	+0.0050%	1h	740.55	−0.008%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.41	−0.027%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.050%	$666K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0055%	1h	740.87	+0.035%	$49K	$63K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.35	−0.035%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0065%	1h	740.33	−0.038%	$291K	$791K	20x	as long as short
Hotstuff META-PERP	+0.0072%	1h	740.75	+0.019%	$33K	$105	20x	as long as short
Lighter META	+0.0088%	1h	740.89	+0.038%	$859K	$2.5M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.52	−0.012%	$1.6M	$360K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.89	−0.097%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.64	+0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.42	−0.026%	$267	—	10x	as long as short
tradeXYZ xyz:META	+0.0124%	1h	740.61	0.000%	$68.3M	$120.6M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.94	−0.090%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0892%	4h	740.33	−0.038%	$62K	$330K	10x	as long as short