META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0291%/8h= +31.8% APRnext payment +$0.36 per $10,000 · paid last 24h +0.022%

Price spread now: tradeXYZ against Polymarket Perps+0.102%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Polymarket Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.102%, 7d avg +0.024%

Together, before fees+0.033%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and tradeXYZ is 0.078% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	747.37	0.0050	pay 0.0006% / 1h	7m 06s	$588K	$565K	10x
Short	tradeXYZ xyz:META	748.13	0.0341	get 0.0043% / 1h	7m 06s	$72.0M	$121.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.102%Rate

Funding earned: $61.04
Price spread: +0.102% → +0.024%: $7.79
Slippage, 4 orders: −$8.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $33.97
Costs to cover: 0.349%
Break-even: 3.1 days

Slippage from Polymarket Perps: live order book, 46 min ago; tradeXYZ: live order book, 12 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, 46 min ago	2.22 bp	7.4 bp −$7	8.4 bp −$84	9.5 bp −$955	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.27 bp	9.8 bp −$10	doesn't fit	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	748.02	+0.087%	$331K	$1.1M	20x	as long as short
Nado META-PERP	−0.0002%	1h	747.45	+0.011%	$483K	$556K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.48	+0.015%	$493K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.66	+0.039%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	748.00	+0.084%	$28.5M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	748.08	+0.095%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	748.00	+0.084%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.31	−0.008%	$427K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	748.56	+0.159%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.65	+0.037%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.78	+0.055%	$621	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	747.37	0.000%	$31K	$252K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.74	+0.050%	$107K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	748.07	+0.094%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	748.13	+0.102%	$771K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	747.39	+0.003%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.79	+0.056%	—	$11K	25x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	747.37	long leg	$588K	$565K	10x
SoDEX META-USD	+0.0050%	1h	747.84	+0.063%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.09	−0.037%	$773K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.45	+0.011%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	747.63	+0.035%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	748.25	+0.118%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0088%	8h	747.91	+0.072%	$5.5M	$11.9M	100x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.91	+0.072%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.77	+0.054%	$1.6M	$623K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.06	−0.041%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.78	+0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.64	+0.036%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.35	−0.003%	$667K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	−0.024%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0248%	1h	748.02	+0.087%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	748.11	+0.099%	$905K	$2.5M	20x	as long as short
tradeXYZ xyz:METAshort	+0.0341%	1h	748.13	+0.102%	$72.0M	$121.7M	20x
Phoenix META	+0.0633%	1h	749.25	+0.252%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.083%	$62K	$338K	10x	as long as short