META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0276%/8h= −30.2% APRnext payment −$0.34 per $10,000 · paid last 24h −0.014%

Price spread now: Polymarket Perps against tradeXYZ−0.055%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on tradeXYZ Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.055%, 7d avg −0.023%

Together, before fees−0.021%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Polymarket Perps is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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	tradeXYZ xyz:META	743.57	0.0326	pay 0.0041% / 1h	2m 03s	$69.5M	$120.3M	20x
Short	Polymarket Perps META-USD	743.16	0.0050	get 0.0006% / 1h	2m 03s	$560K	$540K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against tradeXYZ. 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 tradeXYZbpFee Polymarket PerpsbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$57.87
Price spread: −0.055% → −0.023%: −$3.22
Slippage, 4 orders: −$8.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$95.84
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Polymarket Perps: live order book, 61 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 tradeXYZ live order book, 8 min ago	0.27 bp	9.9 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 61 min ago	0.07 bp	9.0 bp −$9	9.4 bp −$94	10.5 bp −$1,053	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	742.81	−0.102%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0031%	1h	743.19	−0.052%	$480K	$550K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0019%	1h	743.14	−0.058%	$31K	$245K	10x	as long as short
Aster METAUSDT	0.0000%	8h	743.36	−0.028%	$468K	$550K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.35	−0.030%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.50	−0.009%	$27.5M	$179.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.49	−0.011%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.49	−0.011%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.03	−0.073%	$362K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.43	−0.019%	$5.5M	$11.6M	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	742.77	−0.108%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.91	−0.089%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	−0.036%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.01	−0.075%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.32	−0.034%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.72	+0.020%	$769K	$3.0M	20x	as long as short
QFEX META-USD	+0.0032%	1h	743.04	−0.071%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.37	−0.161%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.65	+0.011%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.33	−0.032%	$179K	$199K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	743.16	−0.055%	$560K	$540K	10x
SoDEX META-USD	+0.0050%	1h	743.32	−0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.45	−0.151%	$721K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	743.36	−0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.17	−0.054%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.22	−0.047%	$620K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.45	−0.016%	$1.6M	$528K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.51	−0.143%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.48	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.32	−0.034%	$268	—	10x	as long as short
edgeX METAUSDC	+0.0188%	4h	742.88	−0.093%	$62K	$337K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.07	−0.202%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	743.39	−0.024%	$33K	$105	20x	as long as short
Lighter META	+0.0256%	1h	743.71	+0.019%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:METAlong	+0.0326%	1h	743.57	long leg	$69.5M	$120.3M	20x
Phoenix META	+0.0496%	1h	743.64	+0.009%	$596K	$1.1M	20x	as long as short