META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.018%

Price spread now: Lighter RH against ApeX Omni+0.166%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on ApeX Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.166%, 7d avg +0.056%

Together, before fees−0.227%+ Points / potential airdropLighter RH: Points live · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.111% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.056%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni METAUSDT	745.11	0.0100	pay 0.0013% / 1h	59m 35s	$167K	$71K	50x
Short	Lighter RH META	746.35	0.0032	get 0.0004% / 1h	59m 35s	$786K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 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 ApeX OmnibpFee Lighter RHbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$14.28
Price spread: +0.166% → +0.056%: $11.05
Slippage, 4 orders: −$49.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$62.39
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 41 min ago; Lighter RH: live order book, 4 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, 41 min ago	2.62 bp	26.1 bp −$26	446.3 bp −$4,463	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.54 bp	1.7 bp −$2	5.9 bp −$59	44.1 bp −$4,409	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	745.84	+0.098%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0026%	1h	745.22	+0.014%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.65	+0.073%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.95	+0.113%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.75	+0.085%	$24.9M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.46	+0.047%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.98	+0.117%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.65	+0.072%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.06	+0.127%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	+0.069%	$2.4M	$3.1M	—	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	745.71	+0.081%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.91	+0.107%	$973	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.95	+0.113%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	+0.093%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.99	+0.118%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.84	+0.098%	$2.2M	$13.8M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	746.35	+0.166%	$786K	$3.1M	20x
Arcus META-USD	+0.0040%	1h	745.48	+0.050%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.27	+0.156%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.72	+0.082%	$565K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	+0.103%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.61	+0.067%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	745.84	+0.098%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.34	+0.165%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.74	+0.085%	$1.6M	$702K	20x	as long as short
ApeX Omni METAUSDTlong	+0.0100%	1h	745.11	long leg	$167K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.11	+0.134%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.05	+0.126%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	+0.019%	$649K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0144%	1h	745.82	+0.095%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.279%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0288%	1h	746.46	+0.181%	$33K	$105	20x	as long as short
Lighter META	+0.0392%	1h	746.54	+0.192%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0501%	1h	746.41	+0.174%	$78.8M	$128.4M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.184%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.49	+0.051%	$13	$106	10x	as long as short
edgeX METAUSDC	+0.0835%	4h	745.64	+0.071%	$62K	$345K	10x	as long as short