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 −0.007%

Price spread now: Polymarket Perps against ApeX Omni−0.015%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.015%, 7d avg +0.022%

Together, before fees−0.203%−$20 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 Polymarket Perps is 0.037% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	742.85	0.0100	pay 0.0013% / 1h	37m 31s	$166K	$71K	50x
Short	Polymarket Perps META-USD	742.74	0.0050	get 0.0006% / 1h	37m 31s	$565K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$10.5
Price spread: −0.015% → +0.022%: −$3.71
Slippage, 4 orders: −$46.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$78.55
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; Polymarket Perps: live order book, 60 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 ApeX Omni live order book, 58 min ago	2.62 bp	29.1 bp −$29	374.5 bp −$3,745	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 60 min ago	0.54 bp	4.7 bp −$5	7.9 bp −$79	9.1 bp −$912	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	743.56	+0.096%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0015%	1h	742.93	+0.011%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.62	+0.103%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.29	+0.060%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.50	+0.088%	$25.8M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.57	+0.097%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.49	+0.086%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.01	+0.022%	$474K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.36	+0.069%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	+0.018%	$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	743.50	+0.088%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	+0.061%	$919	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.97	+0.016%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.35	+0.067%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.63	+0.105%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.53	+0.092%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.38	+0.071%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.13	+0.038%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.69	+0.113%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.49	+0.086%	$180K	$204K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.74	−0.015%	$565K	$619K	10x
SoDEX META-USD	+0.0050%	1h	743.25	+0.054%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.83	−0.003%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	743.22	+0.050%	—	—	5x	as long as short
edgeX METAUSDC	+0.0079%	4h	743.33	+0.064%	$63K	$346K	10x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.97	+0.151%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.83	−0.003%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.40	+0.074%	$1.6M	$762K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	742.85	long leg	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.03	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.85	0.000%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	+0.066%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.384%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	743.71	+0.116%	$1.2M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	743.49	+0.086%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	743.56	+0.096%	$84.3M	$132.7M	20x	as long as short
Phoenix META	+0.0791%	1h	744.37	+0.205%	$795K	$1.5M	20x	as long as short