Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against SunX+0.003%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.003%, 7d avg −0.032%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.035% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX META-USDT	743.82	0	get 0.0000% / 8h	1h 34m	$773	$8.2M	20x
Short	Polymarket Perps META-USD	743.84	0.0050	get 0.0006% / 1h	34m 00s	$585K	$564K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.003%Rate

Funding earned: $10.5
Price spread: +0.003% → −0.032%: $3.46
Slippage, 4 orders: −$60.64
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$62.67
Costs to cover: 0.766%
Break-even: 48.8 days

Slippage from SunX: live order book, 5 min ago; Polymarket Perps: live order book, 9 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 SunX live order book, 5 min ago	28.12 bp	32.1 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 9 min ago	0.07 bp	8.2 bp −$8	8.4 bp −$84	9.5 bp −$952	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	744.05	+0.031%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0086%	1h	743.58	−0.032%	$34K	$275K	10x	as long as short
Nado META-PERP	−0.0030%	1h	743.73	−0.011%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.43	+0.217%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.78	−0.006%	$552K	$1.9M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.55	+0.099%	$25.2M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.44	+0.083%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.73	+0.122%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.93	+0.015%	$458K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.97	+0.155%	$5.6M	$12.3M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.08	+0.036%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.20	+0.052%	$12K	$438K	10x	as long as short
SunX META-USDTlong	0.0000%	8h	743.82	long leg	$773	$8.2M	20x
HTX META-USDT	0.0000%	8h	743.82	0.000%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.64	+0.110%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	743.81	−0.001%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.78	+0.129%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.92	+0.013%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.53	+0.095%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.95	+0.017%	$177K	$202K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	743.84	+0.003%	$585K	$564K	10x
SoDEX META-USD	+0.0050%	1h	743.97	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.46	−0.048%	$710K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	743.91	+0.013%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.01	+0.160%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.18	+0.048%	$1.6M	$677K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.50	−0.043%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.98	+0.022%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.99	+0.023%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.10	+0.038%	$658K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.648%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	744.47	+0.087%	$33K	$105	20x	as long as short
Lighter META	+0.0376%	1h	744.93	+0.149%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0509%	1h	745.18	+0.183%	$77.3M	$127.4M	20x	as long as short
edgeX METAUSDC	+0.0548%	4h	744.17	+0.047%	$62K	$343K	10x	as long as short
Phoenix META	+0.0739%	1h	746.28	+0.331%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.06	+0.033%	—	—	—	as long as short