Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: OKX against Polymarket Perps−0.047%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.239%+$24 · spread now −0.047%, 7d avg +0.062%

Together, before fees+0.113%+$11 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 OKX is 0.109% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	744.83	0.0050	pay 0.0006% / 1h	55m 37s	$566K	$609K	10x
Short	OKX META-USDT-SWAP	744.48	0	get 0.0000% / 8h	6h 55m	$6.1M	$13.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$10.5
Price spread: −0.047% → +0.062%: −$10.91
Slippage, 4 orders: −$19.67
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.08
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 23 min ago; OKX: live order book, 3 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, 23 min ago	3.97 bp	8.6 bp −$9	8.6 bp −$86	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.81 bp	9.7 bp −$10	17.9 bp −$179	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	745.62	+0.106%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.92	+0.012%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.98	+0.020%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.16	+0.044%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.45	+0.083%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAPshort	0.0000%	8h	744.48	−0.047%	$6.1M	$13.0M	20x
Gate META_USDT	0.0000%	8h	744.87	+0.005%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.78	−0.007%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.38	+0.074%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.62	+0.106%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.66	+0.111%	$720	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.14	+0.042%	$36K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.32	+0.066%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.45	+0.083%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.38	+0.074%	$813K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.83	0.000%	$111K	$315K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.04	+0.028%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.90	+0.009%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.16	+0.044%	$179K	$205K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	744.83	long leg	$566K	$609K	10x
SoDEX META-USD	+0.0050%	1h	745.46	+0.085%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.011%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	744.99	+0.022%	—	—	5x	as long as short
Nado META-PERP	+0.0076%	1h	744.05	−0.105%	$478K	$559K	20x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.92	+0.146%	$51K	$91K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.92	+0.012%	$641K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.35	+0.070%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.35	+0.070%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.91	+0.011%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.102%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	+0.076%	$268	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.201%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0280%	1h	745.33	+0.067%	$33K	$105	20x	as long as short
Lighter META	+0.0288%	1h	745.52	+0.093%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0343%	1h	745.37	+0.072%	$86.4M	$134.8M	20x	as long as short
edgeX METAUSDC	+0.0473%	4h	745.31	+0.065%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.65	+0.244%	$797K	$1.5M	20x	as long as short