Funding you earn now, next payment 06:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.035%
Price spread now: Injective against Polymarket Perps+0.420%51s7-day average +0.306% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$710.712% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.420%, 7d avg +0.306%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.114% dearer against Polymarket Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.306%. The two prices were read 51 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 | 745.30 | 0.0050 | pay 0.0006% / 1h | 46m 29s | $586K | $564K | 10x |
| Short | Injective META/USDC PERP | 748.43 | 0.0220 | get 0.0028% / 1h | 46m 29s | $173K | $46K | 30x |
Polymarket Perps META-USD
Injective META/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $35.7
- Price spread: +0.420% → +0.306%
- $11.43
- Slippage, 4 orders
- −$63.21
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$24.1
- Costs to cover
- 0.712%
- Break-even
- 11.7 days
Slippage from Polymarket Perps: live order book, 1 min ago; Injective: 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, 1 min ago | 3.29 bp | 8.6 bp −$9 | 8.8 bp −$88 | 9.9 bp −$989 | doesn't fit |
| Sell Injective live order book, 2 min ago | 19.96 bp | 35.1 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
META on 36 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 | 745.63 | +0.044% | $333K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.47 | +0.157% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.47 | +0.023% | $547K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.74 | +0.058% | $28.3M | $181.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.51 | +0.028% | $7.4M | $14.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.57 | +0.036% | $6.0M | $12.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.91 | −0.052% | $430K | $5.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.99 | +0.093% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.12 | +0.109% | $12K | $448K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.56 | +0.035% | $795 | $8.5M | 20x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.46 | −0.113% | $31K | $256K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.64 | +0.046% | $106K | $305K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.13 | +0.111% | $2.0M | $8K | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.20 | −0.013% | $111K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.67 | +0.050% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 745.49 | +0.025% | $2.2M | $13.7M | 10x | as long as short |
| Polymarket Perps META-USDlong | +0.0050% | 1h | 745.30 | long leg | $586K | $564K | 10x | |
| SoDEX META-USD | +0.0050% | 1h | 745.40 | +0.013% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.81 | −0.066% | $758K | $4.5M | 10x | as long as short |
| Bitget METAUSDT | +0.0053% | 8h | 745.81 | +0.068% | $5.4M | $11.9M | 100x | as long as short |
| Nado META-PERP | +0.0053% | 1h | 744.80 | −0.067% | $481K | $556K | 20x | as long as short |
| Lighter RH META | +0.0056% | 1h | 745.57 | +0.036% | $768K | $2.9M | 20x | as long as short |
| Paradex META-USD-PERP | +0.0076% | 8h | 745.25 | −0.007% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0087% | 1h | 746.05 | +0.101% | $52K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.52 | +0.030% | $1.6M | $633K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.03 | −0.036% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.36 | +0.008% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.24 | −0.008% | $268 | — | 10x | as long as short |
| Popdex METAUSDT | +0.0128% | 1h | 745.77 | +0.063% | $179K | $199K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 746.41 | +0.149% | $671K | $7.6M | 10x | as long as short |
| Injective META/USDC PERPshort | +0.0220% | 1h | 748.43 | +0.420% | $173K | $46K | 30x | |
| edgeX METAUSDC | +0.0232% | 4h | 745.42 | +0.016% | $62K | $340K | 10x | as long as short |
| Lighter META | +0.0384% | 1h | 745.63 | +0.044% | $983K | $2.5M | 20x | as long as short |
| Hotstuff META-PERP | +0.0456% | 1h | 745.72 | +0.056% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0526% | 1h | 745.84 | +0.072% | $72.5M | $122.8M | 20x | as long as short |
| Phoenix META | +0.0685% | 1h | 746.70 | +0.188% | $797K | $1.4M | 20x | as long as short |
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Bitget METAUSDT
Nado META-PERP
Lighter RH META
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Popdex METAUSDT
Coinbase International META-PERP-INTX
edgeX METAUSDC
Lighter META
Hotstuff META-PERP
tradeXYZ xyz:META
Phoenix META