META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.023%

Price spread now: Nado against Polymarket Perps−0.047%7-day average −0.011% · 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−$41as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.146%−$15 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.047%, 7d avg −0.011%

Together, before fees−0.146%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.036% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	738.80	0.0050	pay 0.0006% / 1h	33m 58s	$557K	$857K	10x
Short	Nado META-PERP	738.45	0.0025	get 0.0003% / 1h	33m 58s	$372K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.047%Rate

Funding earned: −$5.3
Price spread: −0.047% → −0.011%: −$3.64
Slippage, 4 orders: −$22.76
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$46.7
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 39 min ago; Nado: live order book, 39 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, 39 min ago	1.42 bp	7.9 bp −$8	8.0 bp −$80	10.0 bp −$995	doesn't fit
Sell Nado live order book, 39 min ago	0.41 bp	10.5 bp −$11	34.8 bp −$348	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	738.83	+0.004%	$329K	$1.1M	20x	as long as short
Phemex METAUSDT	−0.0079%	4h	738.98	+0.024%	$2.0M	$8K	10x	as long as short
Aster METAUSDT	0.0000%	8h	738.80	0.000%	$465K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	738.70	−0.013%	$548K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	738.86	+0.008%	$27.3M	$179.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	738.97	+0.023%	$7.6M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	738.69	−0.015%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	738.54	−0.035%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	738.78	−0.003%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	738.79	−0.001%	$2.3M	$3.3M	—	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	738.15	−0.087%	$12K	$479K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.18	+0.051%	$616	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	738.60	−0.027%	$106K	$291K	30x	as long as short
Deribit META_USDC-PERPETUAL	+0.0021%	1h	738.78	−0.003%	$30K	$247K	10x	as long as short
Nado META-PERPshort	+0.0025%	1h	738.45	−0.047%	$372K	$343K	20x
Lighter RH META	+0.0032%	1h	739.11	+0.042%	$756K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	739.05	+0.034%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	738.96	+0.022%	$177K	$194K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	738.80	long leg	$557K	$857K	10x
SoDEX META-USD	+0.0050%	1h	738.85	+0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.16	−0.087%	$692K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	738.98	+0.024%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	738.32	−0.065%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	738.69	−0.015%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	739.42	+0.084%	$48K	$80K	10x	as long as short
Hotstuff META-PERP	+0.0088%	1h	738.96	+0.022%	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	738.91	+0.015%	$1.6M	$427K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	738.44	−0.049%	$165K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	738.92	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	738.75	−0.007%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	738.49	−0.042%	$604K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0173%	1h	738.86	+0.008%	$67.4M	$121.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.07	+0.172%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	738.15	−0.088%	$277K	$930K	20x	as long as short
Lighter META	+0.0272%	1h	739.10	+0.041%	$851K	$2.5M	20x	as long as short
edgeX METAUSDC	+0.0801%	4h	737.90	−0.122%	$62K	$333K	10x	as long as short