Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Bitget+0.042%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.042%, 7d avg −0.020%

Together, before fees−0.014%+ Points / potential airdropLighter RH: Points live · farm board−$1 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 0.061% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	746.26	0	get 0.0000% / 8h	7h 48m	$5.7M	$12.4M	100x
Short	Lighter RH META	746.57	0.0032	get 0.0004% / 1h	48m 15s	$796K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.042%Rate

Funding earned: $6.72
Price spread: +0.042% → −0.020%: $6.11
Slippage, 4 orders: −$13.74
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.91
Costs to cover: 0.257%
Break-even: 20.5 days

Slippage from Bitget: live order book, 5 min ago; Lighter RH: live order book, 5 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 Bitget live order book, 5 min ago	1.07 bp	10.1 bp −$10	22.5 bp −$225	43.6 bp −$4,362	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.07 bp	1.6 bp −$2	4.8 bp −$48	44.8 bp −$4,478	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	746.49	+0.031%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	745.96	−0.040%	$481K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	747.00	+0.099%	$484K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.28	+0.002%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.40	+0.019%	$25.7M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.38	+0.016%	$7.5M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.24	−0.003%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.74	−0.070%	$474K	$6.2M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	746.26	long leg	$5.7M	$12.4M	100x
Variational Omni META	0.0000%	8h	746.52	+0.035%	$2.5M	$3.0M	—	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	745.97	−0.038%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.49	+0.031%	$1K	$7.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.02	−0.032%	$53K	$290K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.10	−0.021%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.37	+0.015%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	746.57	+0.042%	$796K	$2.9M	20x
QFEX META-USD	+0.0036%	1h	746.22	−0.005%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.95	−0.042%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.41	+0.020%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.15	−0.015%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.69	−0.076%	$567K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.37	+0.015%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.70	−0.075%	$725K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	746.52	+0.035%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.56	+0.040%	$49K	$90K	10x	as long as short
Pacifica META	+0.0100%	1h	746.33	+0.009%	$636	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.39	+0.017%	$1.6M	$748K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.75	−0.068%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.33	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.16	−0.014%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	746.01	−0.034%	$649K	$8.1M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.08	+0.244%	$177K	$52K	30x	as long as short
Lighter META	+0.0224%	1h	746.72	+0.062%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0276%	1h	745.90	−0.048%	$84.4M	$132.6M	20x	as long as short
Hotstuff META-PERP	+0.0384%	1h	746.12	−0.019%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0572%	4h	746.25	−0.002%	$63K	$346K	10x	as long as short
Phoenix META	+0.0791%	1h	746.41	+0.020%	$797K	$1.5M	20x	as long as short