Funding you earn now, next payment 01:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against ApeX Omni+0.012%78s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.012%, 7d avg +0.023%
=Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni METAUSDT | 740.19 | 0.0100 | pay 0.0013% / 1h | 54m 00s | $166K | $73K | 50x |
| Short | Lighter META | 740.28 | 0.0248 | get 0.0031% / 1h | 54m 00s | $856K | $2.4M | 20x |
ApeX Omni METAUSDT
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $31.08
- Price spread: +0.012% → +0.023%
- −$1.12
- Slippage, 4 orders
- −$50.29
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$30.33
- Costs to cover
- 0.603%
- Break-even
- 13.8 days
Slippage from ApeX Omni: live order book, 17 min ago; Lighter: live order book, 3 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 ApeX Omni live order book, 17 min ago | 2.63 bp | 18.6 bp −$19 | 368.6 bp −$3,686 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.61 bp | 0.6 bp −$1 | 1.0 bp −$10 | 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-USDT | −0.0120% | 8h | 740.04 | −0.020% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.74 | +0.074% | $461K | $545K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.93 | −0.035% | $549K | $1.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.23 | +0.006% | $27.4M | $179.1M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.24 | +0.007% | $7.5M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.91 | −0.038% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.61 | −0.078% | $357K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.90 | −0.039% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.51 | +0.043% | $2.3M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.74 | +0.074% | $12K | $484K | 10x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 739.79 | −0.054% | $849 | $9.4M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.51 | −0.092% | $106K | $285K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.81 | +0.084% | $2.0M | $7K | 10x | as long as short |
| Nado META-PERP | +0.0014% | 1h | 739.44 | −0.101% | $384K | $334K | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.18 | −0.001% | $758K | $3.1M | 20x | as long as short |
| Ondo Perps META-USD.P | +0.0036% | 1h | 739.05 | −0.154% | $746K | $4.3M | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.11 | −0.011% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.86 | −0.045% | $178K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.56 | −0.085% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.91 | −0.038% | $24K | $3K | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.73 | −0.062% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 740.26 | +0.009% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0072% | 8h | 739.40 | −0.107% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0072% | 1h | 740.18 | −0.001% | $49K | $77K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.18 | −0.001% | $1.6M | $410K | 20x | as long as short |
| ApeX Omni METAUSDTlong | +0.0100% | 1h | 740.19 | long leg | $166K | $73K | 50x | |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.95 | −0.032% | $1K | $24 | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0102% | 1h | 739.63 | −0.076% | $30K | $253K | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.72 | −0.063% | $266 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0120% | 1h | 739.68 | −0.069% | $67.6M | $121.2M | 20x | as long as short |
| Phoenix META | +0.0129% | 1h | 740.67 | +0.065% | $291K | $930K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 740.11 | −0.011% | $602K | $7.3M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.31 | +0.016% | $168K | $46K | 30x | as long as short |
| Lighter METAshort | +0.0248% | 1h | 740.28 | +0.012% | $856K | $2.4M | 20x | |
| Hotstuff META-PERP | +0.0328% | 1h | 740.08 | −0.015% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDC | +0.0751% | 4h | 740.87 | +0.091% | $62K | $332K | 10x | as long as short |
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
Nado META-PERP
Lighter RH META
Ondo Perps META-USD.P
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
QFEX META-USD
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
Orderly PERP_META_USDC_mythos
Deribit META_USDC-PERPETUAL
Aevo META-PERP
tradeXYZ xyz:META
Phoenix META
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Hotstuff META-PERP
edgeX METAUSDC