META

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter RH against Coinbase International+0.137%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.137%, 7d avg +0.113%

Together, before fees−0.143%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.025% dearer against Coinbase International than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.113%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	741.90	0.0104	pay 0.0013% / 1h	19m 57s	$625K	$7.2M	10x
Short	Lighter RH META	742.92	0.0032	get 0.0004% / 1h	19m 57s	$771K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Coinbase International. 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 Coinbase InternationalbpFee Lighter RHbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$15.12
Price spread: +0.137% → +0.113%: $2.49
Slippage, 4 orders: −$5.26
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$27.89
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	0.07 bp	5.9 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.48 bp	2.1 bp −$2	5.1 bp −$51	48.3 bp −$4,830	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	742.88	+0.132%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	742.46	+0.076%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.59	+0.093%	$468K	$552K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.67	+0.104%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.08	+0.160%	$27.6M	$180.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.02	+0.151%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.10	+0.162%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.27	+0.050%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.90	+0.135%	$5.3M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.78	+0.118%	$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	742.66	+0.102%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.79	+0.120%	$917	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.55	+0.088%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.73	+0.112%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.55	+0.088%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	742.92	+0.137%	$771K	$3.0M	20x
QFEX META-USD	+0.0036%	1h	742.66	+0.102%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.26	+0.049%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.24	+0.181%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.83	+0.125%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.52	+0.084%	$584K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.73	+0.112%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.15	+0.034%	$765K	$4.4M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	742.64	+0.100%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.03	+0.152%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.84	+0.127%	$1.6M	$549K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.88	−0.003%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.90	+0.135%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.65	+0.101%	$267	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0104%	1h	741.90	long leg	$625K	$7.2M	10x
edgeX METAUSDC	+0.0137%	4h	742.55	+0.087%	$62K	$336K	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.63	+0.098%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.24	+0.046%	$171K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	742.86	+0.129%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0266%	1h	742.70	+0.108%	$69.5M	$120.4M	20x	as long as short
Phoenix META	+0.0591%	1h	743.61	+0.230%	$687K	$1.2M	20x	as long as short