META

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BackpackMETA.US_USDC_PERP	641.81	+0.0050	pay 0.0006% / 1h	49m 56s	$790K	$44K	10x	Long Backpack
SHORT	Lighter RHMETA	641.13	+0.0032	get 0.0004% / 1h	49m 56s	$2.7M	$5.1M	20x	Short Lighter RH+10% pts

Price gap−0.106%

Funding gap−0.0018% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.063% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$51−0.0018% /8h now · paid −0.514% over the last 7D

Price−$6spread −0.106% now, avg −0.043% → −0.063% if it goes back

Costs−$140.140% of $10k · taker + slippage, in and out

Result−$72−0.72%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.106%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

META on 44 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

OK: Fits both order books6.6 / 0.6 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $500
Backpack 10x, Lighter RH 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$0.54Long Backpack: 24 payments, −$1.50; short Lighter RH: 24 payments, +$0.96.
Watch: Gap narrower than usual−0.106% vs −0.043%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$790K vs $2.7M OI
Backpack sets your exit cost. Check its book before closing.
OK: Points on a legLighter RH Points live
Volume here counts toward the points program.
Watch: KYCBackpack Yes · Lighter RH No
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0245%/8h × 21 periods−$51.35

Price spread−0.106% → −0.043% (7d avg)−$6.32

Slippage, 4 orderslive order books−$4.00

Fee Backpack bp × 2 orders−$10.00

Fee Lighter RH bp × 2 orders$0.00

Net · 7 days · $10k−$71.67

Costs to cover0.140%Break-evennever at this rate

Slippage: Backpack: live order book, 55 min ago; Lighter RH: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBackpack0.236.6 bp−$752.2 bp−$522doesn’t fitdoesn’t fit

SELL · SHORTLighter RH0.160.6 bp−$11.5 bp−$1537.3 bp−$3,734doesn’t fit

Closing costs about the same again.

META news

posts that mention META or Meta Platforms, from every exchangeSearch all news →

10-23 12:16	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-23 12:15	SoDEX	Points	🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗
10-23 08:35	Phemex	Other	$META beat on revenue. Then spent its way to −7%. Wall Street's closed. We're not. Buy the beat 🟢 or fade the spend 🔴? 👇 @Phemex_official on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
10-22 13:30	Vest Markets	Other	Trade $META post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗
10-22 13:30	Vest Markets	Other	$META reported Q3 revenue of $64.60B, up 26% YoY, versus the $63.3B expected, with GAAP EPS of $3.83. At the open, $META is down close to 3%, with the $73B-$76B Q4 revenue outlook weighed against the $175B-$179B 2026 expense outlook. → Revenue: $64.60B vs. $63.3B consensus, versus Meta's $61B-$64B outlook → EPS: $3.83 GAAP vs. $3.57 expected, or $7.40 excluding a $9.89B legal charge → Capex: $34.91B, versus $31.08B in Q2 → Q4 revenue outlook: $73B-$76B $META also plans non-voting Class C stock from January 19, 2027, with a dividend expected to work as a 2-for-1 split and no change to shareholder voting power. @VestExchange on X ↗