Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.010%

Price spread now: Polymarket Perps against KuCoin−0.061%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$900.898% of the position

Long on KuCoin 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 7 days−0.041%−$4 · spread now −0.061%, 7d avg −0.008%

Together, before fees−0.117%−$12 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 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	740.65	0.0100	pay 0.0100% / 8h	6h 56m	$1.6M	$457K	20x
Short	Polymarket Perps META-USD	740.20	0.0050	get 0.0006% / 1h	56m 29s	$558K	$857K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$10.5
Price spread: −0.061% → −0.008%: −$5.32
Slippage, 4 orders: −$69.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$105.67
Costs to cover: 0.898%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: live order book, 12 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 KuCoin live order book, 4 min ago	5.74 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 12 min ago	1.89 bp	7.3 bp −$7	8.1 bp −$81	8.9 bp −$893	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
Nado META-PERP	−0.0220%	1h	740.34	−0.042%	$491K	$531K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.46	−0.026%	$325K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0115%	1h	739.90	−0.101%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.37	−0.038%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.25	−0.054%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.41	−0.032%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.42	−0.031%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.051%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.15	−0.068%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.38	−0.036%	$5.6M	$11.3M	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	740.22	−0.059%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.031%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.51	−0.019%	$801	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.35	−0.041%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.61	−0.005%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.23	−0.057%	$2.2M	$14.1M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.65	0.000%	$753K	$3.0M	20x	as long as short
Hotstuff META-PERP	+0.0032%	1h	740.55	−0.014%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.99	−0.089%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.84	+0.026%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	−0.032%	$176K	$197K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	740.20	−0.061%	$558K	$857K	10x
SoDEX META-USD	+0.0050%	1h	740.48	−0.023%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.86	−0.107%	$693K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.34	−0.041%	—	—	5x	as long as short
Lighter META	+0.0064%	1h	740.58	−0.009%	$857K	$2.4M	20x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.10	+0.061%	$48K	$80K	10x	as long as short
KuCoin METAUSDTMlong	+0.0100%	8h	740.65	long leg	$1.6M	$457K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.105%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.41	−0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.23	−0.056%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	−0.062%	$610K	$7.4M	10x	as long as short
tradeXYZ xyz:META	+0.0171%	1h	740.65	0.000%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.293%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.02	+0.050%	$347K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0371%	4h	740.31	−0.047%	$62K	$333K	10x	as long as short