Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.039%

Price spread now: BloFin against Polymarket Perps+0.054%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.054%, 7d avg +0.029%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.024% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.029%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	746.28	0.0050	pay 0.0006% / 1h	15m 06s	$587K	$565K	10x
Short	BloFin META-USDT	746.68	−0.0120	pay 0.0120% / 8h	3h 15m	$331K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$35.7
Price spread: +0.054% → +0.029%: $2.44
Slippage, 4 orders: −$10.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$64.21
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 38 min ago; BloFin: live order book, 7 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 Polymarket Perps live order book, 38 min ago	2.22 bp	7.4 bp −$7	8.4 bp −$84	9.5 bp −$955	doesn't fit
Sell BloFin live order book, 7 min ago	0.07 bp	6.7 bp −$7	8.7 bp −$87	doesn't fit	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-USDTshort	−0.0120%	8h	746.68	+0.054%	$331K	$1.1M	20x
Nado META-PERP	−0.0001%	1h	746.17	−0.015%	$482K	$554K	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.67	+0.052%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.49	+0.028%	$554K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.02	+0.100%	$28.5M	$182.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.91	+0.084%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.12	+0.113%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.09	−0.025%	$380K	$5.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.53	+0.034%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.37	+0.012%	$13K	$452K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.73	+0.060%	$995	$8.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.27	−0.001%	$31K	$247K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.19	−0.012%	$106K	$303K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.59	+0.042%	$2.0M	$8K	10x	as long as short
Bitget METAUSDT	+0.0028%	8h	746.69	+0.055%	$5.5M	$11.8M	100x	as long as short
Lighter RH META	+0.0032%	1h	746.81	+0.071%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.99	−0.039%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.70	+0.056%	—	$10K	25x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	746.28	long leg	$587K	$565K	10x
SoDEX META-USD	+0.0050%	1h	746.59	+0.042%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.39	−0.119%	$787K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.44	+0.021%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	746.47	+0.025%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.83	+0.074%	$52K	$82K	10x	as long as short
edgeX METAUSDC	+0.0085%	4h	746.26	−0.003%	$62K	$339K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	746.72	+0.059%	$180K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.67	+0.052%	$1.6M	$618K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.61	−0.090%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.44	+0.021%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.43	+0.020%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.72	−0.075%	$638K	$7.5M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.48	+0.295%	$173K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.74	+0.062%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	746.76	+0.064%	$867K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0321%	1h	747.23	+0.127%	$71.0M	$121.3M	20x	as long as short
Phoenix META	+0.0633%	1h	747.45	+0.157%	$798K	$1.4M	20x	as long as short