Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.007%

Price spread now: Binance against Polymarket Perps+0.062%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.094%+$9 · spread now +0.062%, 7d avg +0.070%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	746.21	0.0050	pay 0.0006% / 1h	4m 53s	$567K	$621K	10x
Short	Binance METAUSDT	746.67	0	get 0.0000% / 8h	4m 53s	$25.4M	$189.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: −$10.5
Price spread: +0.062% → +0.070%: −$0.82
Slippage, 4 orders: −$4.28
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.6
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 33 min ago; Binance: live order book, 8 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 Polymarket Perps live order book, 33 min ago	0.54 bp	6.8 bp −$7	8.0 bp −$80	9.0 bp −$898	doesn't fit
Sell Binance live order book, 8 min ago	0.07 bp	5.1 bp −$5	9.7 bp −$97	37.1 bp −$3,711	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	746.67	+0.062%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.56	+0.047%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.38	+0.023%	$548K	$3.4M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	746.67	+0.062%	$25.4M	$189.7M	20x
Bybit METAUSDT	0.0000%	8h	746.85	+0.086%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.84	+0.084%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.27	+0.008%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.53	+0.043%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.51	+0.041%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.79	+0.078%	$12K	$439K	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	746.54	+0.044%	$929	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.23	+0.003%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.45	+0.032%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.25	+0.139%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.03	−0.024%	$481K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.43	+0.029%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0040%	1h	746.88	+0.090%	$797K	$3.1M	20x	as long as short
Arcus META-USD	+0.0040%	1h	746.51	+0.040%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.15	+0.126%	—	$12K	25x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	746.21	long leg	$567K	$621K	10x
SoDEX META-USD	+0.0050%	1h	746.55	+0.046%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.93	−0.038%	$734K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.52	+0.042%	—	—	5x	as long as short
Popdex METAUSDT	+0.0072%	1h	746.59	+0.051%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.44	+0.165%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.75	+0.072%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.77	+0.075%	$1.6M	$729K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.01	−0.027%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.67	+0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.47	+0.035%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	+0.078%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.446%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.10	+0.119%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	747.00	+0.106%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0471%	4h	746.62	+0.055%	$62K	$345K	10x	as long as short
tradeXYZ xyz:META	+0.0563%	1h	747.21	+0.134%	$83.7M	$131.7M	20x	as long as short
Phoenix META	+0.0750%	1h	747.82	+0.216%	$798K	$1.5M	20x	as long as short