META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.018%

Price spread now: Polymarket Perps against QFEX−0.048%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.048%, 7d avg −0.039%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	745.62	0.0046	pay 0.0006% / 1h	45m 29s	$2.2M	$13.7M	10x
Short	Polymarket Perps META-USD	745.26	0.0050	get 0.0006% / 1h	45m 29s	$586K	$564K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against QFEX. 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 QFEXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0.84
Price spread: −0.048% → −0.039%: −$0.96
Slippage, 4 orders: −$11.88
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30
Costs to cover: 0.299%
Break-even: 257.0 days

Slippage from QFEX: live order book, 4 min ago; Polymarket Perps: 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 QFEX live order book, 4 min ago	1.88 bp	6.9 bp −$7	7.5 bp −$75	17.2 bp −$1,719	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.29 bp	7.5 bp −$7	8.4 bp −$84	10.0 bp −$1,003	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	+0.001%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.29	+0.090%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.55	−0.010%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.74	+0.015%	$28.3M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.67	+0.007%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.77	+0.020%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.14	−0.064%	$434K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.64	+0.003%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.37	−0.034%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.87	+0.034%	$952	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX META-USDT	0.0000%	8h	745.53	−0.012%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.15	+0.071%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.21	−0.055%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.70	+0.011%	—	$11K	25x	as long as short
QFEX META-USDlong	+0.0046%	1h	745.62	long leg	$2.2M	$13.7M	10x
Bitget METAUSDT	+0.0049%	8h	745.77	+0.020%	$5.4M	$11.9M	100x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	745.26	−0.048%	$586K	$564K	10x
SoDEX META-USD	+0.0050%	1h	745.48	−0.019%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.04	−0.078%	$758K	$4.5M	10x	as long as short
Nado META-PERP	+0.0055%	1h	745.04	−0.077%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0056%	1h	745.78	+0.021%	$770K	$2.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0059%	1h	745.27	−0.047%	$31K	$256K	10x	as long as short
Paradex META-USD-PERP	+0.0078%	8h	745.43	−0.026%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.090%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.72	+0.013%	$1.6M	$633K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.41	−0.162%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	−0.004%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	−0.020%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.106%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0136%	1h	745.77	+0.020%	$179K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.377%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0361%	4h	745.34	−0.037%	$62K	$340K	10x	as long as short
Lighter META	+0.0384%	1h	745.84	+0.030%	$984K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.82	+0.027%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0524%	1h	745.84	+0.030%	$72.5M	$122.9M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.145%	$797K	$1.4M	20x	as long as short