Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Hotstuff+0.082%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.082% dearer against Hotstuff than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. The two prices were read 51 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 | Hotstuff META-PERP | 741.07 | 0.0136 | pay 0.0017% / 1h | 28m 48s | $33K | $105 | 20x |
| Short | Lighter META | 741.68 | 0.0056 | get 0.0007% / 1h | 28m 48s | $863K | $2.5M | 20x |
Hotstuff META-PERP
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hotstuff. 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
- −$16.8
- Price spread: +0.082% → 0.000%
- $8.23
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.57
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.74 bp | 1.0 bp −$1 | 2.1 bp −$21 | doesn't fit | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 741.34 | +0.036% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0082% | 1h | 741.28 | +0.028% | $395K | $317K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 741.76 | +0.093% | $458K | $536K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 741.20 | +0.017% | $548K | $1.5M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 741.31 | +0.033% | $27.0M | $178.0M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 741.43 | +0.049% | $7.5M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 741.18 | +0.015% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.95 | −0.016% | $329K | $5.4M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 741.45 | +0.051% | $5.8M | $11.0M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.62 | −0.060% | $1.6M | $2.6M | — | 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 | 740.92 | −0.020% | $12K | $506K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 741.66 | +0.080% | $957 | $9.5M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 741.42 | +0.047% | $30K | $256K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 741.25 | +0.024% | $105K | $283K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 741.19 | +0.016% | $2.0M | $7K | 10x | as long as short |
| QFEX META-USD | +0.0003% | 1h | 741.20 | +0.018% | $2.2M | $14.3M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 741.71 | +0.086% | $747K | $3.2M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 740.81 | −0.035% | $110K | $481K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 741.81 | +0.100% | — | $9K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 741.30 | +0.031% | $178K | $201K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 741.30 | +0.031% | $541K | $840K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 741.09 | +0.003% | $24K | $3K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0050% | 8h | 741.16 | +0.012% | — | — | 5x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 740.40 | −0.090% | $639K | $4.1M | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0053% | 1h | 741.40 | +0.044% | $49K | $63K | 10x | as long as short |
| Lighter METAshort | +0.0056% | 1h | 741.68 | +0.082% | $863K | $2.5M | 20x | |
| Coinbase International META-PERP-INTX | +0.0064% | 1h | 740.91 | −0.022% | $606K | $7.4M | 10x | as long as short |
| Phoenix META | +0.0065% | 1h | 741.12 | +0.007% | $291K | $791K | 20x | as long as short |
| tradeXYZ xyz:META | +0.0097% | 1h | 741.57 | +0.067% | $68.6M | $120.9M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 741.27 | +0.027% | $1.6M | $363K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 740.52 | −0.074% | $166K | $73K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 741.28 | +0.028% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 741.18 | +0.015% | $267 | — | 10x | as long as short |
| Hotstuff META-PERPlong | +0.0136% | 1h | 741.07 | long leg | $33K | $105 | 20x | |
| Injective META/USDC PERP | +0.0220% | 1h | 740.58 | −0.066% | $169K | $46K | 30x | as long as short |
| edgeX METAUSDC | +0.0246% | 4h | 740.42 | −0.088% | $62K | $331K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Paradex META-USD-PERP
Ondo Perps META-USD.P
Aftermath Perps METAUSD
Coinbase International META-PERP-INTX
Phoenix META
tradeXYZ xyz:META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Injective META/USDC PERP
edgeX METAUSDC