Funding you earn now, next payment 09:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.043%
Price spread now: Injective against Polymarket Perps+0.382%51s7-day average +0.305% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as 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−$670.671% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.382%, 7d avg +0.305%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.077% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.305%. The two prices were read 51 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 | 745.23 | 0.0050 | pay 0.0006% / 1h | 50m 18s | $567K | $619K | 10x |
| Short | Injective META/USDC PERP | 748.08 | 0.0220 | get 0.0028% / 1h | 50m 18s | $177K | $52K | 30x |
Polymarket Perps META-USD
Injective META/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $35.7
- Price spread: +0.382% → +0.305%
- $7.71
- Slippage, 4 orders
- −$59.11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$23.73
- Costs to cover
- 0.671%
- Break-even
- 11.7 days
Slippage from Polymarket Perps: live order book, 47 min ago; Injective: live order book, 48 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 | 0.54 bp | 6.8 bp −$7 | 8.0 bp −$80 | 9.0 bp −$898 | doesn't fit |
| Sell Injective live order book, 48 min ago | 15.27 bp | 40.3 bp −$40 | doesn't fit | 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 | 746.56 | +0.178% | $335K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0041% | 1h | 745.59 | +0.048% | $481K | $561K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.39 | +0.156% | $483K | $597K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.74 | +0.068% | $547K | $3.4M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.03 | +0.107% | $25.7M | $190.6M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.80 | +0.076% | $7.5M | $15.6M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.97 | +0.099% | $6.0M | $12.8M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.62 | +0.052% | $471K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.95 | +0.097% | $5.7M | $12.4M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.52 | +0.173% | $2.5M | $3.0M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 745.97 | +0.100% | $12K | $440K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.84 | +0.082% | $764 | $7.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.49 | +0.035% | $53K | $290K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.65 | +0.056% | $108K | $312K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.21 | +0.132% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.14 | +0.122% | $796K | $2.9M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 745.81 | +0.078% | $2.2M | $14.1M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.38 | +0.020% | $112K | $337K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.26 | +0.138% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.69 | +0.062% | $180K | $205K | 20x | as long as short |
| Polymarket Perps META-USDlong | +0.0050% | 1h | 745.23 | long leg | $567K | $619K | 10x | |
| SoDEX META-USD | +0.0050% | 1h | 745.81 | +0.078% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.42 | +0.025% | $725K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0057% | 8h | 745.64 | +0.055% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0084% | 1h | 746.31 | +0.144% | $49K | $90K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 745.62 | +0.052% | $632 | $1K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 746.15 | +0.123% | $1.6M | $746K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.75 | +0.070% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 746.02 | +0.106% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.89 | +0.089% | $269 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0120% | 1h | 746.12 | +0.119% | $647K | $8.1M | 10x | as long as short |
| Lighter META | +0.0208% | 1h | 746.39 | +0.156% | $1.2M | $2.9M | 20x | as long as short |
| Injective META/USDC PERPshort | +0.0220% | 1h | 748.08 | +0.382% | $177K | $52K | 30x | |
| tradeXYZ xyz:META | +0.0288% | 1h | 745.76 | +0.071% | $84.6M | $132.3M | 20x | as long as short |
| Hotstuff META-PERP | +0.0400% | 1h | 746.84 | +0.216% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDC | +0.0572% | 4h | 746.25 | +0.137% | $63K | $346K | 10x | as long as short |
| Phoenix META | +0.0791% | 1h | 746.41 | +0.158% | $797K | $1.5M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Lighter META
tradeXYZ xyz:META
Hotstuff META-PERP
edgeX METAUSDC
Phoenix META