META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.047%

Price spread now: Lighter RH against Injective+0.072%7-day average −0.300% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on Injective Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 on $10k

Price spread, last 3 days (all we have)−0.361%−$36 · spread now +0.072%, 7d avg −0.300%

Together, before fees−0.745%+ Points / potential airdropLighter RH: Points live · farm board−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.372% dearer against Injective than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.300%): +$37 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	740.29	0.0220	pay 0.0028% / 1h	4m 58s	$168K	$46K	30x
Short	Lighter RH META	740.82	0.0032	get 0.0004% / 1h	4m 58s	$748K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Injective. 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 InjectivebpFee Lighter RHbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$39.48
Price spread: +0.072% → −0.300%: $37.16
Slippage, 4 orders: −$58.32
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$60.66
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from Injective: live order book, 19 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 Injective live order book, 19 min ago	16.80 bp	16.8 bp −$17	9881.5 bp −$98.8K	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.84 bp	3.0 bp −$3	5.9 bp −$59	45.9 bp −$4,590	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	740.30	+0.001%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0106%	1h	740.46	+0.023%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.78	+0.066%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.99	+0.095%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.39	+0.014%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.46	+0.023%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.44	+0.020%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.56	+0.036%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.18	−0.015%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.56	+0.036%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.46	+0.023%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	+0.018%	$12K	$521K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.90	+0.082%	$911	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.56	+0.036%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.28	−0.001%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.50	+0.028%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.50	+0.028%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.81	+0.070%	$860K	$2.6M	20x	as long as short
Lighter RH METAshort	+0.0032%	1h	740.82	+0.072%	$748K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	740.31	+0.003%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.06	+0.104%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.48	+0.026%	$178K	$201K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.77	+0.065%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.64	+0.047%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.48	+0.026%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.41	+0.017%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.26	−0.004%	$641K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	740.99	+0.094%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.004%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.71	+0.057%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.42	+0.018%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.43	+0.019%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.47	+0.024%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.38	+0.012%	$267	—	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	740.29	long leg	$168K	$46K	30x
edgeX METAUSDC	+0.0401%	4h	740.46	+0.023%	$62K	$329K	10x	as long as short