Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Ondo Perps against Polymarket Perps−0.032%7-day average −0.020% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.032%, 7d avg −0.020%

Together, before fees+0.069%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	745.72	0.0050	pay 0.0006% / 1h	51m 20s	$587K	$564K	10x
Short	Ondo Perps META-USD.P	745.48	0.0050	get 0.0006% / 1h	51m 20s	$759K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0.08
Price spread: −0.032% → −0.020%: −$1.24
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$14.16
Costs to cover: 0.130%
Break-even: 1186.7 days

Slippage unknown: Polymarket Perps: live order book, 61 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 61 min ago	2.22 bp	7.4 bp −$7	8.4 bp −$84	9.5 bp −$955	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	746.18	+0.062%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.91	+0.160%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.77	+0.007%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.02	+0.040%	$28.3M	$181.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.00	+0.038%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.27	+0.074%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.57	−0.020%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.050%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.09	+0.049%	$13K	$448K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.16	+0.059%	$652	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.48	−0.032%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.87	+0.020%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	+0.058%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.83	+0.015%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.26	+0.072%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.03	+0.042%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	745.72	long leg	$587K	$564K	10x
SoDEX META-USD	+0.0050%	1h	746.10	+0.051%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	745.48	−0.032%	$759K	$4.5M	10x
Nado META-PERP	+0.0056%	1h	745.92	+0.026%	$482K	$557K	20x	as long as short
Lighter RH META	+0.0064%	1h	746.53	+0.109%	$768K	$2.9M	20x	as long as short
Paradex META-USD-PERP	+0.0072%	8h	745.80	+0.011%	—	—	5x	as long as short
Bitget METAUSDT	+0.0083%	8h	746.29	+0.076%	$5.5M	$11.9M	100x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.80	+0.145%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.16	+0.059%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.14	−0.078%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.04	+0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.87	+0.021%	$269	—	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	746.15	+0.058%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.093%	$671K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.440%	$173K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.41	+0.093%	$980K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.062%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0515%	1h	746.29	+0.076%	$72.6M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0524%	4h	745.99	+0.036%	$62K	$339K	10x	as long as short
Phoenix META	+0.0685%	1h	747.53	+0.243%	$798K	$1.4M	20x	as long as short