META

Alert

Funding spread now, next payment 15:00 UTC+0.0214%/8h

next payment, per $10,000+$0.27paid, last 24h0.000%paid, last 3 days−0.028%to open and closeno order book

Long on Polymarket Perps Short on Aftermath Perps

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.028% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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	Polymarket Perps META-USD	712.74	0.0050	pay 0.0006% / 1h	34m 34s	$648K	$465K	10x
Short	Aftermath Perps METAUSD	712.84	0.0264	get 0.0033% / 1h	34m 34s	$43K	$47K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Aftermath PerpsbpOrdersRate

Funding earned: $44.95
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $27.95
Break-even: 2.6 days

Slippage unknown: Polymarket Perps: live order book, 20 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.014%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 20 min ago	3.14 bp	7.3 bp −$7	9.1 bp −$91	11.1 bp −$1,114	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex METAUSDT	−0.0204%	4h	$1.9M	$4K	10x	as long as short
BloFin META-USDT	−0.0097%	8h	$342K	$414K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$453K	$55K	20x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$6.1M	$6.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	$395K	$2.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$4.8M	$5.5M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.4M	$1.8M	—	as long as short
SunX META-USDT	0.0000%	8h	$755	$6.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$29K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	$101K	$264K	30x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit METAUSDT	+0.0018%	8h	$6.6M	$6.4M	100x	as long as short
Binance METAUSDT	+0.0022%	8h	$25.7M	$75.2M	20x	as long as short
Extended META_24_5-USD	+0.0024%	1h	$509K	$1.3M	17x	as long as short
Nado META-PERP	+0.0031%	1h	$442K	$69K	20x	as long as short
Lighter META	+0.0032%	1h	$700K	$2.0M	20x	as long as short
Lighter RH META	+0.0032%	1h	$757K	$2.3M	20x	as long as short
QFEX META-USD	+0.0033%	1h	$1.8M	$5.2M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	—	$6K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$164K	$147K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$62.9M	$42.0M	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	$648K	$465K	10x
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$921K	$2.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	—	—	5x	as long as short
Hotstuff META-PERP	+0.0064%	1h	$32K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	$684K	$4.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.5M	$120K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$111K	$46K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$256	—	10x	as long as short
Injective META/USDC PERP	+0.0147%	1h	$162K	$164K	30x	as long as short
Phoenix META	+0.0169%	1h	$230K	$255K	20x	as long as short
Aftermath Perps METAUSDshort	+0.0264%	1h	$43K	$47K	10x
Arcus META-USD	+0.0356%	1h	$283K	$240K	10x	as long as short
edgeX METAUSDC	+0.0978%	4h	$60K	$323K	10x	as long as short