Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Ondo Perps against Polymarket Perps−0.072%7-day average −0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.072%, 7d avg −0.018%

Together, before fees+0.032%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	740.04	0.0050	pay 0.0006% / 1h	36m 13s	$557K	$855K	10x
Short	Ondo Perps META-USD.P	739.51	0.0050	get 0.0006% / 1h	36m 13s	$697K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0.08
Price spread: −0.072% → −0.018%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.23
Costs to cover: 0.130%
Break-even: 1526.2 days

Slippage unknown: Polymarket Perps: live order book, 32 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 32 min ago	1.89 bp	6.0 bp −$6	8.2 bp −$82	10.0 bp −$997	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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 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
Nado META-PERP	−0.0147%	1h	739.87	−0.023%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.007%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.73	+0.093%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.91	−0.018%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.17	+0.018%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.95	−0.012%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.02	−0.003%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.02	−0.003%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.19	+0.020%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.13	+0.012%	$2.3M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	739.97	−0.009%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.22	+0.024%	$625	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.70	−0.046%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.99	−0.007%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.17	+0.018%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.87	−0.023%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.29	+0.034%	$750K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.56	−0.065%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.041%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.19	+0.020%	$176K	$197K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	740.04	long leg	$557K	$855K	10x
SoDEX META-USD	+0.0050%	1h	740.05	+0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.51	−0.072%	$697K	$4.3M	10x
Paradex META-USD-PERP	+0.0056%	8h	739.91	−0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.55	+0.068%	$49K	$80K	10x	as long as short
Lighter META	+0.0096%	1h	740.21	+0.023%	$855K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.06	+0.003%	$1.6M	$473K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.68	−0.049%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.95	−0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.75	−0.039%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.080%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.10	+0.008%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	−0.039%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.56	−0.065%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.24	+0.027%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.086%	$390K	$1.1M	20x	as long as short