META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.028%

Price spread now: Polymarket Perps against QFEX+0.031%54s7-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—prices read too far apart to compare

costs, in and out, $10k−$270.270% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.031%, 7d avg −0.039%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.070% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	740.36	0.0012	pay 0.0002% / 1h	12m 32s	$2.2M	$14.2M	10x
Short	Polymarket Perps META-USD	740.59	0.0050	get 0.0006% / 1h	12m 32s	$541K	$840K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against QFEX. 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 QFEXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: $7.96
Price spread: +0.031% → −0.039%: $6.97
Slippage, 4 orders: −$9.03
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.09
Costs to cover: 0.270%
Break-even: 17.6 days

Slippage from QFEX: live order book, 12 min ago; Polymarket Perps: live order book, 10 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 QFEX live order book, 12 min ago	1.62 bp	6.6 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	1.89 bp	6.6 bp −$7	8.8 bp −$88	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	740.40	+0.005%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0110%	1h	740.38	+0.003%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0016%	1h	740.76	+0.054%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.97	+0.082%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.42	+0.008%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.48	+0.016%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.40	+0.005%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.22	−0.019%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	−0.051%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.41	+0.007%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.42	+0.008%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.31	−0.007%	$12K	$525K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.86	+0.068%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.68	+0.043%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.18	−0.024%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.43	+0.009%	$2.0M	$8K	10x	as long as short
QFEX META-USDlong	+0.0012%	1h	740.36	long leg	$2.2M	$14.2M	10x
Lighter META	+0.0032%	1h	740.72	+0.049%	$860K	$2.6M	20x	as long as short
Lighter RH META	+0.0032%	1h	740.73	+0.050%	$740K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	740.27	−0.012%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.03	+0.090%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.42	+0.008%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.70	+0.046%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	740.59	+0.031%	$541K	$840K	10x
SoDEX META-USD	+0.0050%	1h	740.37	+0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.13	−0.031%	$641K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.36	0.000%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.02	+0.089%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.014%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.50	+0.019%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.43	+0.009%	$1.6M	$353K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.32	−0.005%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.43	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	−0.003%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.09	−0.036%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	740.35	−0.001%	$62K	$331K	10x	as long as short