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 +0.017%

Price spread now: Lighter RH against GRVT+0.023%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

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

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.023%, 7d avg +0.006%

Together, before fees+0.146%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, 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	GRVT META_USDT_Perp	740.09	0	get 0.0000% / 8h	6h 45m	$13K	$446K	10x
Short	Lighter RH META	740.26	0.0032	get 0.0004% / 1h	45m 01s	$750K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against GRVT. 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 GRVTbpFee Lighter RHbpOrdersPrice spread, now +0.023%Rate

Funding earned: $6.72
Price spread: +0.023% → +0.006%: $1.66
Slippage, 4 orders: −$9.17
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.79
Costs to cover: 0.182%
Break-even: 17.2 days

Slippage from GRVT: live order book, 23 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 GRVT live order book, 23 min ago	1.49 bp	6.0 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.76 bp	2.3 bp −$2	5.0 bp −$50	40.6 bp −$4,056	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
Nado META-PERP	−0.0160%	1h	739.78	−0.042%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.014%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.59	+0.068%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.83	−0.035%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.09	−0.001%	$27.4M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.13	+0.005%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.16	+0.009%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.12	+0.004%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.13	+0.005%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.01	−0.011%	$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_Perplong	0.0000%	8h	740.09	long leg	$13K	$446K	10x
SunX META-USDT	0.0000%	8h	740.18	+0.012%	$648	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.54	−0.074%	$30K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.76	−0.045%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.46	+0.050%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.93	−0.022%	$2.2M	$14.0M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	740.26	+0.023%	$750K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	739.71	−0.051%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.19	+0.014%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.96	−0.018%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.73	−0.049%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.03	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.46	−0.085%	$692K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	739.89	−0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.68	+0.079%	$49K	$80K	10x	as long as short
Lighter META	+0.0088%	1h	740.19	+0.014%	$856K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.13	+0.005%	$1.6M	$465K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.43	−0.089%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.87	−0.030%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.05	−0.005%	$610K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.19	+0.014%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.52	+0.328%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0253%	1h	740.28	+0.026%	$68.3M	$120.4M	20x	as long as short
Phoenix META	+0.0313%	1h	740.77	+0.092%	$373K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0828%	4h	739.94	−0.020%	$62K	$336K	10x	as long as short