META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0436%/8h= −47.7% APRnext payment −$0.55 per $10,000 · paid last 24h −0.032%

Price spread now: Polymarket Perps against tradeXYZ−0.119%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on tradeXYZ Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.119%, 7d avg −0.023%

Together, before fees+0.007%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Polymarket Perps is 0.096% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	745.36	0.0486	pay 0.0061% / 1h	24m 27s	$77.7M	$127.4M	20x
Short	Polymarket Perps META-USD	744.47	0.0050	get 0.0006% / 1h	24m 27s	$586K	$564K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against tradeXYZ. 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 tradeXYZbpFee Polymarket PerpsbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$91.56
Price spread: −0.119% → −0.023%: −$9.62
Slippage, 4 orders: −$6.88
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$134.07
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Polymarket Perps: live order book, 18 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 tradeXYZ live order book, 5 min ago	0.40 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 18 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	744.90	−0.062%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0044%	1h	744.32	−0.140%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.23	−0.017%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.51	−0.114%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.81	−0.074%	$25.0M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.78	−0.078%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.70	−0.089%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.30	−0.142%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.74	−0.083%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.86	−0.066%	$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	744.95	−0.054%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.90	−0.062%	$548	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.48	−0.118%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.81	−0.074%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.90	−0.062%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.086%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0032%	1h	744.90	−0.062%	$786K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	744.60	−0.102%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.48	+0.016%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.78	−0.078%	$177K	$205K	20x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	744.47	−0.119%	$586K	$564K	10x
SoDEX META-USD	+0.0050%	1h	744.91	−0.060%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.102%	$685K	$5.3M	10x	as long as short
edgeX METAUSDC	+0.0052%	4h	745.04	−0.043%	$62K	$342K	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.52	−0.112%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.82	+0.062%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	−0.059%	$1.6M	$685K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.59	−0.103%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.92	−0.059%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.82	−0.072%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.085%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.161%	$172K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	745.05	−0.042%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0368%	1h	745.37	+0.001%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAlong	+0.0486%	1h	745.36	long leg	$77.7M	$127.4M	20x
Phoenix META	+0.0739%	1h	746.28	+0.123%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	744.78	−0.078%	$13	$46	—	as long as short