Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.036%

Price spread now: Polymarket Perps against Bitget+0.009%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 7 days+0.062%+$6 · spread now +0.009%, 7d avg −0.064%

Together, before fees+0.192%+$19 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 0.073% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	742.31	0	get 0.0000% / 8h	1h 08m	$5.8M	$11.1M	100x
Short	Polymarket Perps META-USD	742.38	0.0050	get 0.0006% / 1h	8m 05s	$542K	$840K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now +0.009%Rate

Funding earned: $10.5
Price spread: +0.009% → −0.064%: $7.34
Slippage, 4 orders: −$11.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.76
Costs to cover: 0.316%
Break-even: 16.2 days

Slippage from Bitget: live order book, 5 min ago; Polymarket Perps: live order book, 10 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 Bitget live order book, 5 min ago	0.07 bp	10.6 bp −$11	17.5 bp −$175	25.8 bp −$2,583	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	2.23 bp	6.7 bp −$7	8.2 bp −$82	9.6 bp −$964	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	742.37	+0.008%	$327K	$1.1M	20x	as long as short
Nado META-PERP	−0.0054%	1h	741.92	−0.052%	$392K	$328K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.85	−0.062%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.24	−0.010%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.45	+0.018%	$27.2M	$178.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.32	+0.001%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.55	+0.032%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.81	−0.067%	$350K	$5.5M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	742.31	long leg	$5.8M	$11.1M	100x
Variational Omni META	0.0000%	8h	742.23	−0.011%	$2.1M	$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	742.26	−0.006%	$12K	$499K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.19	−0.016%	$1K	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.30	−0.001%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.40	+0.012%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	742.28	−0.004%	$2.2M	$14.3M	10x	as long as short
Lighter RH META	+0.0032%	1h	742.55	+0.032%	$757K	$3.2M	20x	as long as short
Hotstuff META-PERP	+0.0040%	1h	742.29	−0.003%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.03	−0.038%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.47	+0.022%	—	$9K	25x	as long as short
Deribit META_USDC-PERPETUAL	+0.0047%	1h	742.10	−0.028%	$30K	$256K	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.43	+0.016%	$178K	$202K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	742.38	+0.009%	$542K	$840K	10x
SoDEX META-USD	+0.0050%	1h	742.35	+0.005%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.89	−0.057%	$723K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	742.30	−0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0058%	1h	742.71	+0.054%	$51K	$68K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.12	−0.026%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.81	−0.067%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.07	−0.032%	$1.6M	$368K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.41	−0.121%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.40	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.25	−0.008%	$267	—	10x	as long as short
Lighter META	+0.0112%	1h	742.62	+0.042%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0135%	1h	742.36	+0.007%	$67.4M	$121.9M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.81	−0.067%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0539%	4h	742.29	−0.003%	$62K	$330K	10x	as long as short