Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.014%

Price spread now: Lighter RH against Binance+0.009%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.009%, 7d avg −0.025%

Together, before fees+0.130%+ Points / potential airdropLighter RH: Points live · farm board+$13 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 0.035% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	741.84	0	get 0.0000% / 8h	5h 09m	$27.4M	$179.2M	20x
Short	Lighter RH META	741.91	0.0032	get 0.0004% / 1h	9m 17s	$764K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.009%Rate

Funding earned: $6.72
Price spread: +0.009% → −0.025%: $3.48
Slippage, 4 orders: −$5.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.67
Costs to cover: 0.159%
Break-even: 12.9 days

Slippage from Binance: live order book, 4 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 Binance live order book, 4 min ago	0.47 bp	5.6 bp −$6	14.6 bp −$146	49.0 bp −$4,900	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.55 bp	1.7 bp −$2	5.0 bp −$50	44.7 bp −$4,468	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	741.83	−0.001%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0018%	1h	741.34	−0.067%	$479K	$550K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.89	+0.007%	$467K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.65	−0.026%	$548K	$2.7M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	741.84	long leg	$27.4M	$179.2M	20x
Bybit METAUSDT	0.0000%	8h	741.51	−0.044%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.94	+0.013%	$6.0M	$13.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.50	−0.046%	$361K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.78	−0.008%	$5.5M	$11.5M	100x	as long as short
Variational Omni META	0.0000%	8h	741.73	−0.015%	$2.4M	$3.1M	—	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	741.93	+0.011%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.01	+0.023%	$778	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.14	−0.094%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	741.71	−0.018%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.99	+0.020%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	741.91	+0.009%	$764K	$3.0M	20x
QFEX META-USD	+0.0032%	1h	741.65	−0.026%	$2.1M	$13.6M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.37	−0.063%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.97	+0.018%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.78	−0.008%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.59	−0.034%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.79	−0.007%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.05	−0.106%	$720K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0066%	8h	741.64	−0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	742.37	+0.071%	$50K	$82K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.49	−0.047%	$611K	$7.2M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.01	+0.023%	$1.6M	$525K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.85	−0.133%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.83	−0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.62	−0.030%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.65	+0.244%	$171K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	741.83	−0.001%	$33K	$105	20x	as long as short
Lighter META	+0.0272%	1h	741.95	+0.015%	$861K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0343%	1h	741.88	+0.005%	$69.3M	$120.1M	20x	as long as short
Phoenix META	+0.0496%	1h	742.43	+0.080%	$582K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0933%	4h	741.72	−0.016%	$62K	$335K	10x	as long as short