Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.018%

Price spread now: Lighter RH against Aster−0.016%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$770.775% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.016%, 7d avg −0.067%

Together, before fees+0.081%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.051% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	741.76	0	get 0.0000% / 8h	1h 27m	$458K	$536K	20x
Short	Lighter RH META	741.64	0.0032	get 0.0004% / 1h	27m 16s	$749K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now −0.016%Rate

Funding earned: $6.72
Price spread: −0.016% → −0.067%: $5.09
Slippage, 4 orders: −$69.46
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$65.65
Costs to cover: 0.775%
Break-even: 75.4 days

Slippage from Aster: live order book, 55 min ago; Lighter RH: live order book, 1 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 Aster live order book, 55 min ago	10.12 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	2.29 bp	2.4 bp −$2	5.0 bp −$50	46.8 bp −$4,678	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	741.34	−0.057%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0085%	1h	741.30	−0.062%	$396K	$317K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	741.76	long leg	$458K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	741.12	−0.086%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.25	−0.068%	$27.0M	$178.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.32	−0.059%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.36	−0.054%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.74	−0.138%	$343K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.38	−0.051%	$5.8M	$11.0M	100x	as long as short
Variational Omni META	0.0000%	8h	740.62	−0.153%	$1.6M	$2.6M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.30	−0.062%	$12K	$506K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.58	−0.024%	$909	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.41	−0.047%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.09	−0.090%	$107K	$286K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.20	−0.075%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	741.09	−0.090%	$2.2M	$14.2M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	741.64	−0.016%	$749K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	740.85	−0.123%	$111K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.80	+0.005%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.29	−0.063%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.34	−0.057%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.35	−0.055%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	741.17	−0.080%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.18	−0.078%	$639K	$4.1M	10x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	741.60	−0.021%	$48K	$64K	10x	as long as short
Lighter META	+0.0056%	1h	741.61	−0.020%	$862K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0064%	1h	741.43	−0.044%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.91	−0.115%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	741.12	−0.086%	$291K	$791K	20x	as long as short
tradeXYZ xyz:META	+0.0095%	1h	741.47	−0.039%	$68.6M	$120.9M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.21	−0.074%	$1.6M	$363K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.02	−0.100%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.24	−0.070%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.14	−0.084%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.58	−0.159%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0566%	4h	741.12	−0.086%	$62K	$332K	10x	as long as short