Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.005%

Price spread now: Polymarket Perps against Binance−0.005%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days−0.056%−$6 · spread now −0.005%, 7d avg −0.071%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.066% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	742.31	0	get 0.0000% / 8h	4h 40m	$27.5M	$180.5M	20x
Short	Polymarket Perps META-USD	742.27	0.0050	get 0.0006% / 1h	40m 08s	$559K	$540K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.005%Rate

Funding earned: $10.5
Price spread: −0.005% → −0.071%: $6.58
Slippage, 4 orders: −$8.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$9.01
Costs to cover: 0.261%
Break-even: 13.0 days

Slippage from Binance: live order book, 3 min ago; Polymarket Perps: live order book, 18 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 Binance live order book, 3 min ago	0.07 bp	6.9 bp −$7	15.8 bp −$158	48.6 bp −$4,863	doesn't fit
Sell Polymarket Perps live order book, 18 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	742.47	+0.022%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0043%	1h	742.05	−0.034%	$480K	$553K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0006%	1h	741.80	−0.068%	$31K	$245K	10x	as long as short
Aster METAUSDT	0.0000%	8h	742.37	+0.009%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.34	+0.005%	$548K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	742.31	long leg	$27.5M	$180.5M	20x
Bybit METAUSDT	0.0000%	8h	742.19	−0.016%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.56	+0.034%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.05	−0.034%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.41	+0.014%	$5.4M	$11.7M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	742.48	+0.023%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	742.33	+0.004%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.67	+0.049%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.26	−0.006%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.006%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.51	+0.028%	$766K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.51	+0.028%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.09	−0.029%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.58	+0.037%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.53	+0.030%	$179K	$199K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.27	−0.005%	$559K	$540K	10x
SoDEX META-USD	+0.0050%	1h	742.43	+0.017%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.067%	$710K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.32	+0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	743.15	+0.114%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.58	+0.037%	$1.6M	$537K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.34	−0.130%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.42	+0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.36	+0.007%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.038%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0136%	1h	742.50	+0.026%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.292%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	742.47	+0.022%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0265%	1h	742.39	+0.011%	$69.4M	$120.4M	20x	as long as short
edgeX METAUSDC	+0.0317%	4h	742.38	+0.010%	$62K	$335K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.141%	$643K	$1.2M	20x	as long as short