META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Polymarket Perps against Popdex−0.034%7-day average −0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

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

Long on Popdex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.034%, 7d avg −0.023%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	745.84	0.0048	pay 0.0006% / 1h	21m 53s	$177K	$203K	20x
Short	Polymarket Perps META-USD	745.59	0.0050	get 0.0006% / 1h	21m 53s	$567K	$624K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Popdex. 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 PopdexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.42
Price spread: −0.034% → −0.023%: −$1.01
Slippage, 4 orders: −$7.21
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$22.2
Costs to cover: 0.216%
Break-even: 376.9 days

Slippage from Popdex: live order book, 17 min ago; Polymarket Perps: live order book, 16 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 Popdex live order book, 17 min ago	0.87 bp	5.7 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 16 min ago	0.54 bp	4.7 bp −$5	7.9 bp −$79	9.1 bp −$912	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	745.77	−0.009%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0005%	1h	745.38	−0.062%	$34K	$276K	10x	as long as short
Aster METAUSDT	0.0000%	8h	745.58	−0.035%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.73	−0.014%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.20	+0.048%	$25.2M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.28	+0.059%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.84	+0.134%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.53	−0.042%	$467K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.11	+0.036%	$5.6M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.59	−0.034%	$2.4M	$3.1M	—	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	746.07	+0.031%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.91	+0.009%	$974	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.57	−0.036%	$107K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.83	−0.001%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0016%	1h	745.56	−0.037%	$480K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	745.60	−0.032%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	746.22	+0.051%	$790K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.45	−0.052%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.34	+0.067%	—	$12K	25x	as long as short
Popdex METAUSDTlong	+0.0048%	1h	745.84	long leg	$177K	$203K	20x
Polymarket Perps META-USDshort	+0.0050%	1h	745.59	−0.034%	$567K	$624K	10x
SoDEX META-USD	+0.0050%	1h	745.86	+0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.01	−0.111%	$747K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	745.73	−0.014%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.39	+0.073%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	745.77	−0.010%	$48	$307	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.71	−0.017%	$1.6M	$720K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.32	−0.070%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.94	+0.013%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.76	−0.011%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.74	−0.013%	$643K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.38	+1.011%	$176K	$48K	30x	as long as short
Lighter META	+0.0440%	1h	746.39	+0.074%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0480%	1h	746.29	+0.060%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0566%	1h	747.31	+0.197%	$82.2M	$130.3M	20x	as long as short
Phoenix META	+0.0750%	1h	746.92	+0.145%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0922%	4h	745.81	−0.004%	$62K	$344K	10x	as long as short