META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.022%

Price spread now: Polymarket Perps against Deribit+0.017%7-day average +0.043% · 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−$26as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.017%, 7d avg +0.043%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.025% cheaper against Deribit than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 41 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	743.81	0	get 0.0000% / 1h	50m 21s	$34K	$275K	10x
Short	Polymarket Perps META-USD	743.94	0.0050	get 0.0006% / 1h	50m 21s	$564K	$597K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: $10.5
Price spread: +0.017% → +0.043%: −$2.55
Slippage, 4 orders: −$8.28
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.33
Costs to cover: 0.233%
Break-even: 17.2 days

Slippage from Deribit: live order book, 53 min ago; Polymarket Perps: live order book, 52 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 Deribit live order book, 53 min ago	0.07 bp	3.6 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 52 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	744.62	+0.109%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.42	+0.216%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.19	+0.051%	$547K	$2.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.33	+0.070%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.26	+0.060%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.51	+0.094%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.99	+0.024%	$465K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.38	+0.077%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.33	+0.070%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.24	+0.192%	$13K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.52	+0.095%	$1K	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	743.81	long leg	$34K	$275K	10x
HTX META-USDT	0.0000%	8h	744.27	+0.062%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.18	+0.184%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.25	+0.059%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.61	+0.108%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.63	+0.110%	—	$12K	25x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	743.94	+0.017%	$564K	$597K	10x
SoDEX META-USD	+0.0050%	1h	744.36	+0.074%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.78	−0.004%	$728K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	744.20	+0.053%	—	—	5x	as long as short
Lighter RH META	+0.0072%	1h	744.61	+0.108%	$788K	$3.1M	20x	as long as short
Nado META-PERP	+0.0076%	1h	743.91	+0.014%	$479K	$560K	20x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.19	+0.185%	$52K	$81K	10x	as long as short
Pacifica META	+0.0100%	1h	744.47	+0.089%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.46	+0.087%	$1.6M	$707K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.40	+0.079%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.32	+0.069%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.26	+0.061%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.113%	$654K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	744.44	+0.085%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.633%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	745.01	+0.162%	$62K	$344K	10x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.75	+0.126%	$33K	$105	20x	as long as short
Lighter META	+0.0496%	1h	744.82	+0.136%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0548%	1h	744.74	+0.125%	$80.5M	$129.2M	20x	as long as short
Phoenix META	+0.0750%	1h	746.46	+0.356%	$797K	$1.5M	20x	as long as short