Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Lighter RH against Gate+0.032%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.032%, 7d avg +0.063%

Together, before fees+0.049%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.030% cheaper against Gate than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.063%). If the spread goes back, that is −$3 on $10k: about 3.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate META_USDT	740.16	0	get 0.0000% / 8h	6h 21m	$353K	$5.6M	100x
Short	Lighter RH META	740.40	0.0032	get 0.0004% / 1h	21m 33s	$750K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.032%Rate

Funding earned: $6.72
Price spread: +0.032% → +0.063%: −$3.05
Slippage, 4 orders: −$18.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$30.01
Costs to cover: 0.337%
Break-even: 38.3 days

Slippage from Gate: live order book, 2 min ago; Lighter RH: live order book, 2 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 Gate live order book, 2 min ago	4.12 bp	12.8 bp −$13	30.0 bp −$300	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.42 bp	1.6 bp −$2	3.4 bp −$34	44.9 bp −$4,491	doesn't fit

META on 35 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
Nado META-PERP	−0.0127%	1h	739.84	−0.043%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.48	+0.043%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.17	+0.001%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.35	+0.026%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.11	−0.007%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.29	+0.018%	$5.9M	$13.3M	20x	as long as short
Gate META_USDTlong	0.0000%	8h	740.16	long leg	$353K	$5.6M	100x
Bitget METAUSDT	0.0000%	8h	740.29	+0.018%	$5.5M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	740.67	+0.069%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.46	+0.041%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.08	−0.011%	$717	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.91	−0.034%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	+0.004%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.085%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.26	+0.014%	$2.2M	$14.0M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	740.40	+0.032%	$750K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	740.01	−0.020%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.42	+0.035%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.30	+0.019%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.10	−0.008%	$557K	$847K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.31	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.99	−0.023%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	740.12	−0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.81	+0.088%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.32	+0.022%	$1.6M	$484K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.81	−0.047%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.29	+0.018%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.10	−0.009%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.068%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0128%	1h	740.35	+0.026%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.34	+0.024%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.305%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0245%	1h	740.35	+0.026%	$68.3M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	741.24	+0.146%	$421K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0547%	4h	740.36	+0.026%	$62K	$335K	10x	as long as short