META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%

Price spread now: QFEX against Polymarket Perps+0.032%7-day average +0.039% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 7 days+0.135%+$13 · spread now +0.032%, 7d avg +0.039%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	744.84	0.0050	pay 0.0006% / 1h	1m 43s	$566K	$618K	10x
Short	QFEX META-USD	745.08	0.0036	get 0.0005% / 1h	1m 43s	$2.2M	$14.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$2.91
Price spread: +0.032% → +0.039%: −$0.65
Slippage, 4 orders: −$13.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$35.15
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 17 min ago; QFEX: live order book, 7 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, 17 min ago	3.97 bp	8.6 bp −$9	8.6 bp −$86	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.54 bp	6.5 bp −$7	8.8 bp −$88	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	745.21	+0.050%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.80	−0.005%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.55	−0.039%	$546K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.76	−0.011%	$25.9M	$191.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.04	+0.027%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.97	+0.017%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.60	−0.032%	$442K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.65	−0.026%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	744.88	+0.006%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.10	+0.035%	$12K	$437K	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	745.26	+0.056%	$1K	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.81	−0.004%	$36K	$271K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.97	+0.017%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.11	+0.036%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.78	−0.008%	$479K	$559K	20x	as long as short
Lighter RH META	+0.0032%	1h	744.87	+0.004%	$798K	$3.0M	20x	as long as short
QFEX META-USDshort	+0.0036%	1h	745.08	+0.032%	$2.2M	$14.1M	10x
Arcus META-USD	+0.0040%	1h	744.34	−0.067%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.44	+0.081%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.20	+0.048%	$180K	$204K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	744.84	long leg	$566K	$618K	10x
SoDEX META-USD	+0.0050%	1h	745.19	+0.047%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.67	−0.023%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	744.64	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	745.52	+0.091%	$51K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	744.09	−0.100%	$612	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.83	−0.001%	$1.6M	$796K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.32	−0.070%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.19	+0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.94	+0.013%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.19	−0.087%	$642K	$8.0M	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.27	+0.058%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	−0.008%	$176K	$52K	30x	as long as short
Lighter META	+0.0296%	1h	745.05	+0.028%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0301%	1h	744.91	+0.009%	$86.1M	$134.5M	20x	as long as short
edgeX METAUSDC	+0.0510%	4h	745.00	+0.022%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	746.00	+0.156%	$796K	$1.5M	20x	as long as short