Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: SoDEX against Polymarket Perps+0.007%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps META-USD	745.48	0.0050	pay 0.0006% / 1h	56m 45s	$567K	$609K	10x
Short	SoDEX META-USD	745.53	0.0050	get 0.0006% / 1h	56m 45s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.67
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 22 min ago; SoDEX: 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, 22 min ago	3.97 bp	8.6 bp −$9	8.6 bp −$86	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 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	745.62	+0.019%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.05	−0.058%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.31	−0.023%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.58	+0.013%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.79	+0.042%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.59	+0.015%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.17	−0.042%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.35	−0.017%	$5.8M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	−0.110%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.78	−0.093%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.24	−0.032%	$719	$7.6M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.44	−0.005%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.52	+0.005%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0019%	1h	745.05	−0.058%	$36K	$269K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.75	+0.036%	$812K	$2.8M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.97	−0.068%	$111K	$324K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.40	−0.011%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.80	+0.043%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.48	0.000%	$179K	$205K	20x	as long as short
Polymarket Perps META-USDlong	+0.0050%	1h	745.48	long leg	$567K	$609K	10x
SoDEX META-USDshort	+0.0050%	1h	745.53	+0.007%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.098%	$719K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.22	−0.034%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.93	+0.061%	$51K	$91K	10x	as long as short
Nado META-PERP	+0.0085%	1h	744.95	−0.072%	$479K	$559K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.97	−0.068%	$642K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	744.89	−0.079%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.27	−0.028%	$1.6M	$801K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.70	−0.239%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.60	+0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.45	−0.004%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.61	+0.017%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.114%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	745.84	+0.048%	$1.2M	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0324%	1h	745.63	+0.020%	$86.4M	$134.7M	20x	as long as short
edgeX METAUSDC	+0.0330%	4h	745.61	+0.018%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.051%	$796K	$1.5M	20x	as long as short