META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Popdex against Polymarket Perps+0.069%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.695%−$69 · spread now +0.069%, 7d avg +0.025%

Together, before fees−0.699%−$70 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.044% dearer against Polymarket Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	742.80	0.0050	pay 0.0006% / 1h	37m 57s	$565K	$619K	10x
Short	Popdex METAUSDT	743.31	0.0048	get 0.0006% / 1h	37m 57s	$180K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$0.42
Price spread: +0.069% → +0.025%: $4.41
Slippage, 4 orders: −$7.21
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$17.61
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 60 min ago; Popdex: live order book, 61 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, 60 min ago	0.54 bp	6.8 bp −$7	8.0 bp −$80	9.0 bp −$898	doesn't fit
Sell Popdex live order book, 61 min ago	0.87 bp	4.3 bp −$4	7.5 bp −$75	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	743.56	+0.102%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	742.92	+0.016%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.32	+0.070%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.22	+0.057%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.41	+0.083%	$25.8M	$191.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.31	+0.069%	$7.4M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.55	+0.101%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.35	+0.074%	$474K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.36	+0.075%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	+0.025%	$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	743.97	+0.158%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	+0.067%	$919	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.97	+0.023%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	+0.074%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.63	+0.112%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.53	+0.098%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.34	+0.073%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.05	+0.034%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.58	+0.105%	—	$12K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	743.31	+0.069%	$180K	$204K	20x
Polymarket Perps META-USDlong	+0.0050%	1h	742.80	long leg	$565K	$619K	10x
SoDEX META-USD	+0.0050%	1h	743.25	+0.061%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.83	+0.004%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.17	+0.050%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.97	+0.158%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.82	+0.002%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.22	+0.057%	$1.6M	$760K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.96	+0.022%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.03	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.85	+0.007%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	+0.073%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.390%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	743.71	+0.123%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0290%	1h	743.53	+0.098%	$84.3M	$132.7M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	743.47	+0.090%	$33K	$105	20x	as long as short
Phoenix META	+0.0791%	1h	744.18	+0.186%	$795K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0950%	4h	743.04	+0.032%	$63K	$346K	10x	as long as short