Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.087%

Price spread now: Polymarket Perps against Binance+0.004%56s7-day average −0.015% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.245% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 2 days (all we have)−0.026%−$3 · spread now +0.004%, 7d avg −0.015%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 56 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	Binance METAUSDT	743.45	0	get 0.0000% / 8h	39m 31s	$27.4M	$179.6M	20x
Short	Polymarket Perps META-USD	743.48	0.0050	get 0.0006% / 1h	39m 31s	$543K	$841K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.004%Rate

Funding earned: $10.5
Price spread: +0.004% → −0.015%: $1.87
Slippage, 4 orders: −$6.51
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.13
Costs to cover: 0.245%
Break-even: 15.1 days

Slippage from Binance: live order book, 4 min ago; Polymarket Perps: live order book, 38 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 Binance live order book, 4 min ago	0.07 bp	6.0 bp −$6	12.0 bp −$120	41.1 bp −$4,111	doesn't fit
Sell Polymarket Perps live order book, 38 min ago	2.23 bp	6.7 bp −$7	8.2 bp −$82	9.6 bp −$964	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	743.40	−0.007%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0077%	1h	743.31	−0.019%	$392K	$329K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.50	+0.007%	$459K	$537K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.31	−0.019%	$549K	$1.6M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	743.45	long leg	$27.4M	$179.6M	20x
Bybit METAUSDT	0.0000%	8h	743.51	+0.008%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.57	+0.016%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.10	−0.047%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.46	+0.001%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	743.32	−0.017%	$2.3M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.64	+0.026%	$12K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	−0.020%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.11	−0.046%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	−0.013%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.60	+0.020%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.43	−0.003%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	743.70	+0.034%	$757K	$3.2M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.01	−0.059%	$110K	$472K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.89	+0.059%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.45	0.000%	$178K	$209K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	743.48	+0.004%	$543K	$841K	10x
SoDEX META-USD	+0.0050%	1h	743.50	+0.007%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.93	−0.070%	$769K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.35	−0.014%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0062%	1h	744.20	+0.101%	$49K	$75K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.023%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.42	−0.004%	$1.6M	$380K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.98	−0.063%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.68	+0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.48	+0.004%	$268	—	10x	as long as short
Lighter META	+0.0128%	1h	743.67	+0.030%	$860K	$2.6M	20x	as long as short
Phoenix META	+0.0129%	1h	743.86	+0.055%	$292K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	743.63	+0.024%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.83	+0.320%	$170K	$46K	30x	as long as short
tradeXYZ xyz:META	+0.0223%	1h	743.66	+0.028%	$67.7M	$122.3M	20x	as long as short
edgeX METAUSDC	+0.0710%	4h	743.35	−0.013%	$62K	$331K	10x	as long as short