Funding you earn now, next payment 04:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h −0.051%
Price spread now: Lighter against edgeX+0.068%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Funding, last 7 days−0.420%−$42 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.068%, 7d avg −0.011%
=Together, before fees−0.468%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.079% dearer against edgeX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.420%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX METAUSDC | 742.55 | 0.0137 | pay 0.0069% / 4h | 21m 33s | $62K | $336K | 10x |
| Short | Lighter META | 743.05 | 0.0248 | get 0.0031% / 1h | 21m 33s | $858K | $2.4M | 20x |
edgeX METAUSDC
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.31
- Price spread: +0.068% → −0.011%
- $7.9
- Slippage, 4 orders
- −$12.13
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.08
- Costs to cover
- 0.211%
- Break-even
- 4.0 days
Slippage from edgeX: live order book, 37 min ago; Lighter: 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 edgeX live order book, 37 min ago | 5.31 bp | 9.9 bp −$10 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.34 bp | 0.4 bp $0 | 2.2 bp −$22 | doesn't fit | 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 | 742.65 | +0.014% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0025% | 1h | 742.70 | +0.021% | $480K | $553K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 742.79 | +0.033% | $468K | $552K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 742.63 | +0.011% | $549K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 742.79 | +0.033% | $27.6M | $180.8M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 742.74 | +0.026% | $7.5M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 742.69 | +0.019% | $6.0M | $13.5M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 742.31 | −0.032% | $365K | $5.7M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 742.72 | +0.023% | $5.3M | $11.7M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 742.05 | −0.067% | $2.4M | $3.1M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow 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 | +0.015% | $12K | $440K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 742.88 | +0.045% | $984 | $9.1M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 742.39 | −0.021% | $31K | $245K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 742.70 | +0.021% | $106K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 742.53 | −0.002% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 743.09 | +0.073% | $771K | $3.0M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 742.66 | +0.015% | $2.2M | $13.7M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 742.17 | −0.051% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 743.12 | +0.077% | — | $10K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 742.83 | +0.038% | $179K | $199K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 742.34 | −0.028% | $584K | $565K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 742.75 | +0.027% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 742.22 | −0.044% | $765K | $4.4M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0065% | 8h | 742.70 | +0.021% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0080% | 1h | 742.55 | 0.000% | $51K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 742.79 | +0.033% | $1.6M | $549K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 741.88 | −0.090% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 742.87 | +0.043% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 742.62 | +0.010% | $267 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 741.90 | −0.087% | $625K | $7.2M | 10x | as long as short |
| edgeX METAUSDClong | +0.0137% | 4h | 742.55 | long leg | $62K | $336K | 10x | |
| Hotstuff META-PERP | +0.0192% | 1h | 742.80 | +0.034% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.24 | −0.041% | $171K | $48K | 30x | as long as short |
| Lighter METAshort | +0.0248% | 1h | 743.05 | +0.068% | $858K | $2.4M | 20x | |
| tradeXYZ xyz:META | +0.0274% | 1h | 742.77 | +0.030% | $69.5M | $120.4M | 20x | as long as short |
| Phoenix META | +0.0591% | 1h | 743.61 | +0.143% | $687K | $1.2M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
Injective META/USDC PERP
tradeXYZ xyz:META
Phoenix META