META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Aevo+0.060%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.060% dearer against Aevo 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	Aevo META-PERP	745.99	0.0104	pay 0.0013% / 1h	52m 21s	$269	—	10x
Short	Lighter META	746.44	0.0352	get 0.0044% / 1h	52m 21s	$971K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $52.08
Price spread: +0.060% → 0.000%: $6.02
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $42.1
Costs to cover: 0.160%
Break-even: 1.3 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 5 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.54 bp	0.9 bp −$1	2.8 bp −$28	doesn't fit	doesn't fit

Aevo: 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	746.18	+0.025%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.94	+0.127%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.01	+0.002%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.08	+0.012%	$28.3M	$181.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.09	+0.013%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.23	+0.032%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.50	−0.066%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.014%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.084%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.09	+0.013%	$1K	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.42	−0.077%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.93	−0.008%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.46	+0.063%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.86	−0.018%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.38	+0.052%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	746.07	+0.011%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.80	−0.026%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.95	−0.005%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.48	−0.068%	$759K	$4.5M	10x	as long as short
Lighter RH META	+0.0064%	1h	746.47	+0.064%	$768K	$2.9M	20x	as long as short
Nado META-PERP	+0.0065%	1h	745.50	−0.066%	$482K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0073%	8h	746.12	+0.018%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.119%	$52K	$82K	10x	as long as short
Bitget METAUSDT	+0.0087%	8h	746.17	+0.024%	$5.5M	$11.9M	100x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.30	+0.041%	$1.6M	$631K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.87	−0.016%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.13	+0.019%	$1K	$24	10x	as long as short
Aevo META-PERPlong	+0.0104%	1h	745.99	long leg	$269	—	10x
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.056%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0152%	1h	746.07	+0.011%	$179K	$199K	20x	as long as short
edgeX METAUSDC	+0.0218%	4h	745.98	−0.002%	$62K	$338K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.403%	$173K	$46K	30x	as long as short
Lighter METAshort	+0.0352%	1h	746.44	+0.060%	$971K	$2.5M	20x
Hotstuff META-PERP	+0.0464%	1h	746.18	+0.025%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0517%	1h	746.37	+0.051%	$72.6M	$122.3M	20x	as long as short
Phoenix META	+0.0685%	1h	748.29	+0.308%	$799K	$1.4M	20x	as long as short