META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.028%

Price spread now: Polymarket Perps against Arcus−0.005%7-day average +0.013% · 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−$35as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.005%, 7d avg +0.013%

Together, before fees−0.211%−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	742.06	0.0040	pay 0.0005% / 1h	38m 50s	$110K	$330K	10x
Short	Polymarket Perps META-USD	742.02	0.0050	get 0.0006% / 1h	38m 50s	$559K	$540K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now −0.005%Rate

Funding earned: $2.04
Price spread: −0.005% → +0.013%: −$1.81
Slippage, 4 orders: −$21.04
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$33.3
Costs to cover: 0.335%
Break-even: 121.2 days

Slippage from Arcus: live order book, 20 min ago; Polymarket Perps: live order book, 19 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 Arcus live order book, 20 min ago	3.30 bp	8.7 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 19 min ago	1.75 bp	7.5 bp −$8	7.9 bp −$79	10.1 bp −$1,012	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	742.32	+0.035%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0041%	1h	741.79	−0.036%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.36	+0.040%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.15	+0.012%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.35	+0.039%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.22	+0.022%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.16	+0.013%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.98	−0.011%	$363K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	+0.042%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.48	+0.056%	$2.4M	$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	742.51	+0.061%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.49	+0.058%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.70	−0.049%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.14	+0.011%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.039%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.42	+0.049%	$768K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.30	+0.032%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	742.06	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.45	+0.053%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.27	+0.028%	$178K	$199K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.02	−0.005%	$559K	$540K	10x
SoDEX META-USD	+0.0050%	1h	742.30	+0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.69	−0.050%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.06	+0.001%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.147%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.48	+0.057%	$1.6M	$539K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.86	−0.027%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.30	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.20	+0.019%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.005%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	742.35	+0.039%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.325%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.39	+0.044%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0268%	1h	742.34	+0.038%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.043%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.174%	$647K	$1.2M	20x	as long as short