Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX+0.058%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.058%, 7d avg +0.027%

Together, before fees−0.344%+ Points / potential airdropLighter RH: Points live · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.030% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX META-USDT	745.32	0	get 0.0000% / 8h	6h 56m	$108K	$300K	30x
Short	Lighter RH META	745.75	0.0032	get 0.0004% / 1h	56m 01s	$813K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now +0.058%Rate

Funding earned: $6.72
Price spread: +0.058% → +0.027%: $3.02
Slippage, 4 orders: −$12.59
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.85
Costs to cover: 0.246%
Break-even: 22.5 days

Slippage from HTX: live order book, 36 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 HTX live order book, 36 min ago	2.89 bp	10.9 bp −$11	17.9 bp −$179	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.74 bp	1.7 bp −$2	3.8 bp −$38	44.2 bp −$4,421	doesn't fit

META on 37 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	745.62	+0.040%	$335K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.94	−0.051%	$490K	$623K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.37	+0.006%	$546K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.29	−0.004%	$25.9M	$191.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.48	+0.021%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.30	−0.003%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.17	−0.020%	$448K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.35	+0.004%	$5.8M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	744.66	−0.089%	$2.5M	$3.0M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.78	−0.072%	$12K	$438K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.66	+0.046%	$720	$7.6M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.14	−0.024%	$36K	$269K	10x	as long as short
HTX META-USDTlong	0.0000%	8h	745.32	long leg	$108K	$300K	30x
Phemex METAUSDT	0.0000%	4h	745.45	+0.017%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	745.75	+0.058%	$813K	$2.8M	20x
Arcus META-USD	+0.0040%	1h	745.16	−0.021%	$111K	$321K	10x	as long as short
QFEX META-USD	+0.0041%	1h	745.61	+0.039%	$2.2M	$14.1M	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.91	+0.079%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.63	+0.042%	$179K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.22	−0.013%	$567K	$609K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.46	+0.019%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.75	−0.076%	$741K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.41	+0.012%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	745.92	+0.080%	$51K	$91K	10x	as long as short
Nado META-PERP	+0.0080%	1h	745.16	−0.021%	$479K	$559K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	744.92	−0.054%	$641K	$7.8M	10x	as long as short
Pacifica META	+0.0100%	1h	745.62	+0.040%	$608	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.32	0.000%	$1.6M	$803K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.70	−0.217%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.036%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.40	+0.010%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0216%	1h	745.54	+0.030%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.33	+0.136%	$176K	$52K	30x	as long as short
Lighter META	+0.0280%	1h	745.85	+0.071%	$1.2M	$2.6M	20x	as long as short
edgeX METAUSDC	+0.0330%	4h	745.61	+0.039%	$63K	$346K	10x	as long as short
tradeXYZ xyz:META	+0.0336%	1h	745.60	+0.038%	$86.4M	$134.8M	20x	as long as short
Phoenix META	+0.0791%	1h	745.86	+0.072%	$796K	$1.5M	20x	as long as short