Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.025%

Price spread now: Polymarket Perps against Gate+0.036%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.036%, 7d avg −0.011%

Together, before fees+0.064%+$6 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 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	744.31	0	get 0.0000% / 8h	1h 29m	$460K	$6.2M	100x
Short	Polymarket Perps META-USD	744.58	0.0050	get 0.0006% / 1h	29m 56s	$586K	$564K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.036%Rate

Funding earned: $10.5
Price spread: +0.036% → −0.011%: $4.7
Slippage, 4 orders: −$21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.79
Costs to cover: 0.440%
Break-even: 26.2 days

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 13 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 Gate live order book, 3 min ago	3.83 bp	18.0 bp −$18	49.1 bp −$491	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 13 min ago	0.07 bp	8.2 bp −$8	8.4 bp −$84	9.5 bp −$952	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	744.62	+0.042%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0039%	1h	744.78	+0.063%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.34	+0.139%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.67	+0.049%	$552K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.85	+0.072%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.07	+0.102%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.69	+0.051%	$6.0M	$12.7M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	744.31	long leg	$460K	$6.2M	100x
Bitget METAUSDT	0.0000%	8h	744.88	+0.077%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.51	+0.028%	$2.4M	$3.3M	—	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	744.97	+0.089%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.85	+0.073%	$924	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.56	+0.034%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.89	+0.078%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.00	+0.093%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.88	+0.077%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	745.38	+0.144%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.38	+0.009%	$112K	$340K	10x	as long as short
edgeX METAUSDC	+0.0044%	4h	744.89	+0.078%	$62K	$344K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.23	+0.124%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.15	+0.113%	$177K	$205K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	744.58	+0.036%	$586K	$564K	10x
SoDEX META-USD	+0.0050%	1h	745.02	+0.095%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.44	+0.017%	$696K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	745.03	+0.097%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	745.54	+0.165%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.85	+0.073%	$1.6M	$680K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.69	+0.051%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.01	+0.094%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.91	+0.081%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.98	+0.090%	$655K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.302%	$172K	$46K	30x	as long as short
Lighter META	+0.0368%	1h	745.56	+0.168%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.48	+0.157%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0500%	1h	745.31	+0.134%	$77.5M	$127.7M	20x	as long as short
Phoenix META	+0.0739%	1h	745.19	+0.118%	$796K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.06	+0.101%	—	—	—	as long as short