Funding you earn now, next payment 01:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.040%
Price spread now: Lighter against HTX+0.091%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.091%, 7d avg −0.003%
=Together, before fees−0.037%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.094% dearer against HTX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX META-USDT | 740.18 | 0 | get 0.0000% / 8h | 7h 06m | $105K | $295K | 30x |
| Short | Lighter META | 740.85 | 0.0200 | get 0.0025% / 1h | 6m 34s | $861K | $2.5M | 20x |
HTX META-USDT
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- $42
- Price spread: +0.091% → −0.003%
- $9.36
- Slippage, 4 orders
- −$9.21
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $30.15
- Costs to cover
- 0.212%
- Break-even
- 2.0 days
Slippage from HTX: live order book, 65 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 HTX live order book, 65 min ago | 2.70 bp | 11.4 bp −$11 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.47 bp | 0.5 bp $0 | 1.6 bp −$16 | 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 | 740.40 | +0.030% | $326K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0084% | 1h | 740.55 | +0.050% | $484K | $484K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.22 | +0.006% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.49 | +0.042% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.75 | +0.077% | $27.4M | $179.8M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 741.09 | +0.123% | $7.5M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.74 | +0.076% | $6.0M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.44 | +0.035% | $350K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.42 | +0.032% | $5.6M | $11.2M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.81 | −0.050% | $2.4M | $3.3M | — | 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 | 740.13 | −0.007% | $12K | $458K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.48 | +0.041% | $843 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.83 | −0.047% | $30K | $246K | 10x | as long as short |
| HTX META-USDTlong | 0.0000% | 8h | 740.18 | long leg | $105K | $295K | 30x | |
| Phemex METAUSDT | 0.0000% | 4h | 740.17 | −0.001% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 741.01 | +0.112% | $753K | $3.2M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.53 | +0.047% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.78 | +0.081% | $176K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.16 | −0.003% | $558K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.26 | +0.011% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 740.40 | +0.030% | $686K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 740.74 | +0.076% | $2.2M | $14.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0060% | 8h | 740.75 | +0.077% | — | — | 5x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.84 | −0.046% | $110K | $331K | 10x | as long as short |
| Hotstuff META-PERP | +0.0064% | 1h | 740.42 | +0.032% | $33K | $105 | 20x | as long as short |
| Aftermath Perps METAUSD | +0.0068% | 1h | 740.43 | +0.034% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.35 | +0.023% | $1.6M | $451K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.45 | −0.099% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.23 | +0.007% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.06 | −0.016% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.75 | −0.058% | $613K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0167% | 1h | 740.77 | +0.080% | $67.9M | $121.1M | 20x | as long as short |
| Lighter METAshort | +0.0200% | 1h | 740.85 | +0.091% | $861K | $2.5M | 20x | |
| Injective META/USDC PERP | +0.0220% | 1h | 741.98 | +0.243% | $171K | $48K | 30x | as long as short |
| Phoenix META | +0.0259% | 1h | 740.42 | +0.032% | $325K | $930K | 20x | as long as short |
| edgeX METAUSDC | +0.0402% | 4h | 740.01 | −0.023% | $62K | $334K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
Phemex METAUSDT
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Paradex META-USD-PERP
Arcus META-USD
Hotstuff META-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Phoenix META
edgeX METAUSDC