Funding you earn now, next payment 04:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.080%
Price spread now: Lighter RH against edgeX+0.214%50s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days−0.483%−$48 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.214%, 7d avg +0.017%
=Together, before fees−0.667%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.197% dearer against edgeX than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.017%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.483% in total) that is about 2.9 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 18m 23s | $62K | $336K | 10x |
| Short | Lighter RH META | 744.14 | 0.0032 | get 0.0004% / 1h | 18m 23s | $772K | $3.0M | 20x |
edgeX METAUSDC
Lighter RH METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$22.05
- Price spread: +0.214% → +0.017%
- $19.74
- Slippage, 4 orders
- −$15.2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$26.51
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 40 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 edgeX live order book, 40 min ago | 5.31 bp | 9.9 bp −$10 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 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 | 743.99 | +0.194% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0022% | 1h | 743.51 | +0.129% | $481K | $553K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 743.53 | +0.132% | $469K | $553K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 744.02 | +0.199% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 744.25 | +0.229% | $27.7M | $181.6M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 744.12 | +0.212% | $7.6M | $14.1M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 744.14 | +0.214% | $6.0M | $13.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 743.52 | +0.131% | $365K | $5.7M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 744.05 | +0.202% | $5.4M | $11.7M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 742.78 | +0.031% | $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 | 743.42 | +0.118% | $672 | $9.1M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 743.96 | +0.190% | $106K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 743.46 | +0.123% | $2.0M | $8K | 10x | as long as short |
| Lighter RH METAshort | +0.0032% | 1h | 744.14 | +0.214% | $772K | $3.0M | 20x | |
| QFEX META-USD | +0.0036% | 1h | 743.79 | +0.167% | $2.2M | $13.8M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 742.93 | +0.052% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 744.06 | +0.204% | — | $10K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 744.20 | +0.223% | $179K | $199K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 743.64 | +0.147% | $585K | $565K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 743.38 | +0.112% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 743.57 | +0.138% | $765K | $4.5M | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0059% | 1h | 743.49 | +0.127% | $31K | $246K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0067% | 8h | 743.97 | +0.191% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0080% | 1h | 743.44 | +0.120% | $52K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 743.58 | +0.139% | $1.6M | $549K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 742.26 | −0.039% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 744.00 | +0.196% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 743.68 | +0.152% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 742.88 | +0.045% | $626K | $7.2M | 10x | as long as short |
| edgeX METAUSDClong | +0.0137% | 4h | 742.55 | long leg | $62K | $336K | 10x | |
| Hotstuff META-PERP | +0.0160% | 1h | 744.03 | +0.200% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.66 | +0.015% | $171K | $48K | 30x | as long as short |
| Lighter META | +0.0248% | 1h | 744.09 | +0.208% | $864K | $2.4M | 20x | as long as short |
| tradeXYZ xyz:META | +0.0270% | 1h | 743.93 | +0.186% | $69.5M | $120.5M | 20x | as long as short |
| Phoenix META | +0.0591% | 1h | 743.61 | +0.143% | $691K | $1.2M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Deribit META_USDC-PERPETUAL
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
Lighter META
tradeXYZ xyz:META
Phoenix META