Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h 0.000%

Price spread now: Orderly against Polymarket Perps+0.062%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.062% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	745.06	0.0050	pay 0.0006% / 1h	3m 23s	$586K	$562K	10x
Short	Orderly PERP_META_USDC_mythos	745.52	0.0100	get 0.0100% / 8h	2h 03m	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.062%Rate

Funding earned: $10.5
Price spread: +0.062% → 0.000%: $6.17
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.67
Costs to cover: 0.140%
Break-even: 5.2 days

Slippage unknown: Polymarket Perps: live order book, 44 min ago; Orderly: no order-book sample. Net counts fees only.

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, 44 min ago	3.29 bp	8.6 bp −$9	8.8 bp −$88	9.9 bp −$989	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	745.91	+0.114%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0004%	1h	745.52	+0.062%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.40	+0.045%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.32	+0.034%	$549K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.55	+0.066%	$27.7M	$182.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.39	+0.044%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.68	+0.083%	$6.1M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.08	+0.003%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.66	+0.081%	$5.5M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	746.12	+0.143%	$2.4M	$3.3M	—	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	746.23	+0.157%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.31	+0.034%	$1K	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.99	−0.009%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.30	+0.032%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.84	+0.105%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.13	+0.144%	$775K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.38	+0.043%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.13	+0.144%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.33	+0.036%	$2.2M	$13.9M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.53	+0.063%	$178K	$200K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	745.06	long leg	$586K	$562K	10x
SoDEX META-USD	+0.0050%	1h	745.55	+0.066%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.16	+0.013%	$752K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	745.66	+0.081%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	746.54	+0.198%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.49	+0.058%	$1.6M	$658K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.28	+0.030%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	745.52	+0.062%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	745.39	+0.044%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.18	+0.016%	$657K	$7.8M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.03	+0.399%	$172K	$46K	30x	as long as short
Lighter META	+0.0296%	1h	746.19	+0.152%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	746.18	+0.150%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0451%	1h	745.91	+0.114%	$76.3M	$125.8M	20x	as long as short
edgeX METAUSDC	+0.0547%	4h	745.87	+0.109%	$62K	$341K	10x	as long as short
Phoenix META	+0.0685%	1h	747.34	+0.306%	$798K	$1.4M	20x	as long as short