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Funding arb /

META

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Funding spread now, next payment 15:00 UTC+0.0082%/8h
next payment, per $10,000+$0.10paid, last 24h+0.021%paid, last 3 days+0.128%to open and closeno order book
Long on HotstuffShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff META-PERP712.17−0.0032get 0.0004% / 1h29m 27s$32K$10520x
ShortPolymarket Perps META-USD711.130.0050get 0.0006% / 1h29m 27s$647K$465K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$17.22
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$4.22
Break-even
5.3 days
Slippage unknown: Hotstuff: no order-book sample; Polymarket Perps: live order book, 25 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.146%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample—————
Sell Polymarket Perps live order book, 25 min ago3.14 bp9.2 bp −$911.7 bp −$11715.0 bp −$1,500doesn't fit
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex METAUSDT−0.0185%4h$1.9M$4K10xas long as short
BloFin META-USDT−0.0101%8h$342K$417K20xas long as short
Hotstuff META-PERPlong−0.0032%1h$32K$10520x
Aster METAUSDT0.0000%8h$451K$78K20xas long as short
OKX META-USDT-SWAP0.0000%8h$6.2M$6.6M20xas long as short
Gate META_USDT0.0000%8h$394K$2.9M100xas long as short
Bitget METAUSDT0.0000%8h$4.8M$5.6M100xas long as short
Variational Omni META0.0000%8h$1.4M$1.9M—as long as short
SunX META-USDT0.0000%8h$838$6.4M20xas long as short
Deribit META_USDC-PERPETUAL0.0000%1h$29K$244K10xas long as short
Show all 35 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX META-USDT0.0000%8h$101K$264K30xas long as short
Extended META_24_5-USD+0.0016%1h$509K$1.3M17xas long as short
Bybit METAUSDT+0.0017%8h$6.6M$6.5M100xas long as short
Binance METAUSDT+0.0020%8h$25.7M$76.7M20xas long as short
Lighter META+0.0032%1h$703K$2.0M20xas long as short
Lighter RH META+0.0032%1h$755K$2.3M20xas long as short
QFEX META-USD+0.0033%1h$1.8M$5.2M10xas long as short
Nado META-PERP+0.0035%1h$441K$69K20xas long as short
Vest META-USD-PERP+0.0046%1h—$6K25xas long as short
Popdex METAUSDT+0.0048%1h$163K$147K20xas long as short
tradeXYZ xyz:META+0.0050%1h$62.7M$42.2M20xas long as short
Polymarket Perps META-USDshort+0.0050%1h$647K$465K10x
SoDEX META-USD+0.0050%1h$24K$3K10xas long as short
Ondo Perps META-USD.P+0.0050%1h$918K$2.3M10xas long as short
Paradex META-USD-PERP+0.0056%8h——5xas long as short
Coinbase International META-PERP-INTX+0.0080%1h$682K$4.3M10xas long as short
KuCoin METAUSDTM+0.0100%8h$1.5M$121K20xas long as short
ApeX Omni METAUSDT+0.0100%1h$111K$46K50xas long as short
Orderly PERP_META_USDC_mythos+0.0100%8h$1K—10xas long as short
Aevo META-PERP+0.0104%1h$256—10xas long as short
Injective META/USDC PERP+0.0147%1h$162K$164K30xas long as short
Phoenix META+0.0169%1h$230K$255K20xas long as short
Aftermath Perps METAUSD+0.0256%1h$43K$48K10xas long as short
Arcus META-USD+0.0356%1h$283K$239K10xas long as short
edgeX METAUSDC+0.0732%4h$60K$324K10xas long as short