Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.032%

Price spread now: Lighter RH against BloFin+0.011%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.011%, 7d avg −0.005%

Together, before fees+0.068%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin META-USDT	742.42	−0.0120	get 0.0120% / 8h	1h 05m	$281K	$1.1M	20x
Short	Lighter RH META	742.50	0.0032	get 0.0004% / 1h	5m 00s	$760K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.011%Rate

Funding earned: $31.92
Price spread: +0.011% → −0.005%: $1.59
Slippage, 4 orders: −$6.46
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $15.05
Costs to cover: 0.185%
Break-even: 3.7 days

Slippage from BloFin: live order book, 7 min ago; Lighter RH: live order book, 3 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 BloFin live order book, 7 min ago	0.67 bp	7.5 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.27 bp	1.4 bp −$1	4.0 bp −$40	46.1 bp −$4,614	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-USDTlong	−0.0120%	8h	742.42	long leg	$281K	$1.1M	20x
Nado META-PERP	−0.0050%	1h	741.94	−0.065%	$392K	$328K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.83	−0.080%	$458K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.30	−0.016%	$549K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.46	+0.005%	$27.2M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.28	−0.019%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.53	+0.015%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.80	−0.084%	$350K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.30	−0.016%	$5.8M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.16	−0.034%	$2.1M	$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	742.18	−0.032%	$12K	$499K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.19	−0.031%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.05	−0.050%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.18	−0.032%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.38	−0.005%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0003%	1h	742.15	−0.036%	$2.2M	$14.3M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	742.50	+0.011%	$760K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	741.85	−0.077%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.39	−0.004%	—	$9K	25x	as long as short
Hotstuff META-PERP	+0.0048%	1h	742.27	−0.020%	$33K	$105	20x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.39	−0.004%	$178K	$202K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.27	−0.020%	$542K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.33	−0.012%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.83	−0.079%	$721K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	742.12	−0.040%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0059%	1h	742.69	+0.037%	$53K	$69K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.12	−0.040%	$606K	$7.4M	10x	as long as short
Phoenix META	+0.0065%	1h	742.21	−0.028%	$291K	$791K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.20	−0.030%	$1.6M	$370K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.61	−0.109%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.31	−0.015%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.21	−0.028%	$267	—	10x	as long as short
Lighter META	+0.0120%	1h	742.58	+0.022%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0140%	1h	742.33	−0.012%	$67.4M	$122.0M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.78	−0.086%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0724%	4h	742.23	−0.025%	$62K	$331K	10x	as long as short