META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: Extended against Polymarket Perps+0.010%49s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$300.299% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.010%, 7d avg +0.034%

Together, before fees−0.092%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.024% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 49 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	Polymarket Perps META-USD	743.68	0.0050	pay 0.0006% / 1h	16m 37s	$566K	$619K	10x
Short	Extended META_24_5-USD	743.75	0	get 0.0000% / 1h	16m 37s	$544K	$3.4M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$10.5
Price spread: +0.010% → +0.034%: −$2.43
Slippage, 4 orders: −$16.93
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$42.86
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	3.97 bp	8.6 bp −$9	8.6 bp −$86	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.54 bp	5.8 bp −$6	37.6 bp −$376	doesn't fit	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	743.79	+0.015%	$336K	$1.1M	20x	as long as short
Nado META-PERP	0.0000%	1h	743.21	−0.063%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.043%	$479K	$620K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	743.75	+0.010%	$544K	$3.4M	17x
Binance METAUSDT	0.0000%	8h	743.95	+0.036%	$25.9M	$191.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.03	+0.047%	$7.5M	$15.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.06	+0.051%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.49	−0.026%	$472K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.98	+0.040%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.23	−0.061%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.98	−0.094%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.98	+0.040%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.72	+0.005%	$36K	$270K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.69	+0.001%	$107K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.55	−0.017%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	744.08	+0.054%	$795K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.97	+0.039%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.50	−0.024%	$111K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.02	+0.046%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.93	+0.034%	$180K	$205K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	743.68	long leg	$566K	$619K	10x
SoDEX META-USD	+0.0050%	1h	743.48	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.56	−0.151%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	743.80	+0.017%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0076%	1h	743.54	−0.019%	$51K	$92K	10x	as long as short
Pacifica META	+0.0100%	1h	743.51	−0.022%	$611	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.71	+0.004%	$1.6M	$781K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.75	−0.125%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.61	−0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.43	−0.033%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.28	−0.054%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.78	+0.148%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0232%	1h	743.25	−0.058%	$33K	$105	20x	as long as short
Lighter META	+0.0296%	1h	744.29	+0.082%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0297%	1h	744.06	+0.051%	$85.5M	$134.0M	20x	as long as short
edgeX METAUSDC	+0.0762%	4h	742.87	−0.110%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	743.95	+0.036%	$794K	$1.5M	20x	as long as short