Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: KuCoin against Polymarket Perps+0.112%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$730.735% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.112%, 7d avg +0.008%

Together, before fees+0.063%+$6 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 KuCoin is 0.103% dearer against Polymarket Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	743.46	0.0050	pay 0.0006% / 1h	43m 26s	$565K	$619K	10x
Short	KuCoin METAUSDTM	744.29	0.0100	get 0.0100% / 8h	7h 43m	$1.6M	$756K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.112%Rate

Funding earned: $10.5
Price spread: +0.112% → +0.008%: $10.34
Slippage, 4 orders: −$53.45
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.61
Costs to cover: 0.735%
Break-even: 42.1 days

Slippage from Polymarket Perps: live order book, 54 min ago; KuCoin: 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, 54 min ago	0.54 bp	6.8 bp −$7	8.0 bp −$80	9.0 bp −$898	doesn't fit
Sell KuCoin live order book, 2 min ago	4.23 bp	30.5 bp −$30	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	745.02	+0.210%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0042%	1h	743.64	+0.024%	$480K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.00	+0.207%	$488K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.95	+0.067%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.08	+0.083%	$25.8M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.90	+0.059%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.13	+0.090%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.62	+0.022%	$473K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.92	+0.062%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	+0.183%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.99	+0.206%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.31	+0.114%	$914	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.78	+0.043%	$53K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.03	+0.077%	$107K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.20	+0.234%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.19	+0.098%	$794K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.93	+0.063%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.67	+0.028%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.42	+0.129%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.07	+0.082%	$180K	$205K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	743.46	long leg	$565K	$619K	10x
SoDEX META-USD	+0.0050%	1h	744.14	+0.091%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.96	+0.067%	$724K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.73	+0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.80	+0.180%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	744.05	+0.079%	$634	$1K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	744.29	+0.112%	$1.6M	$756K	20x
ApeX Omni METAUSDT	+0.0100%	1h	744.57	+0.149%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.79	+0.179%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.53	+0.143%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.50	+0.140%	$652K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.91	+0.599%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	744.37	+0.122%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0256%	1h	743.90	+0.059%	$84.2M	$132.8M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.230%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0632%	4h	744.97	+0.203%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.363%	$797K	$1.5M	20x	as long as short