META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter RH against Deribit+0.054%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$180.182% of the position

Long on Deribit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.446%−$45 · spread now +0.054%, 7d avg +0.069%

Together, before fees−0.409%+ Points / potential airdropLighter RH: Points live · farm board−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	743.36	0	get 0.0000% / 1h	28m 57s	$44K	$269K	10x
Short	Lighter RH META	743.76	0.0032	get 0.0004% / 1h	28m 57s	$793K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Deribit. 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 DeribitbpFee Lighter RHbpOrdersPrice spread, now +0.054%Rate

Funding earned: $6.72
Price spread: +0.054% → +0.069%: −$1.55
Slippage, 4 orders: −$11.19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.02
Costs to cover: 0.182%
Break-even: 20.6 days

Slippage from Deribit: live order book, 5 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 Deribit live order book, 5 min ago	3.83 bp	7.4 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.08 bp	1.7 bp −$2	3.9 bp −$39	45.5 bp −$4,546	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	743.65	+0.039%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0010%	1h	743.50	+0.019%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.086%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.51	+0.020%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.78	+0.057%	$25.9M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.58	+0.030%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.50	+0.019%	$6.1M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.26	−0.013%	$482K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.74	+0.051%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.078%	$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	744.00	+0.086%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.99	+0.085%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	743.36	long leg	$44K	$269K	10x
HTX META-USDT	0.0000%	8h	743.49	+0.017%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.70	+0.046%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	743.76	+0.054%	$793K	$2.9M	20x
QFEX META-USD	+0.0036%	1h	743.61	+0.034%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.41	+0.007%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.19	+0.112%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.59	+0.031%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.12	−0.032%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.62	+0.035%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.10	−0.035%	$742K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	743.72	+0.048%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	744.55	+0.160%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.42	+0.008%	$607	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.91	+0.074%	$1.6M	$770K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.23	−0.017%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.57	+0.028%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.45	+0.012%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.73	+0.050%	$635K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.315%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	743.94	+0.078%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	743.96	+0.081%	$84.7M	$133.2M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	744.01	+0.087%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0672%	4h	743.87	+0.069%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.06	+0.229%	$795K	$1.5M	20x	as long as short