META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.018%

Price spread now: ApeX Omni against Lighter−0.227%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.227%, 7d avg −0.027%

Together, before fees+0.240%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.200% cheaper against Lighter than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. 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	Lighter META	744.08	0.0328	pay 0.0041% / 1h	26m 56s	$1.0M	$2.6M	20x
Short	ApeX Omni METAUSDT	742.39	0.0100	get 0.0013% / 1h	26m 56s	$166K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now −0.227%Rate

Funding earned: −$47.88
Price spread: −0.227% → −0.027%: −$20.03
Slippage, 4 orders: −$38.88
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$116.79
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 19 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 Lighter live order book, 5 min ago	0.61 bp	0.7 bp −$1	3.2 bp −$32	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 19 min ago	2.62 bp	33.3 bp −$33	496.6 bp −$4,966	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	743.43	−0.087%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.69	+0.082%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.54	−0.072%	$544K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.82	−0.035%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.80	−0.038%	$7.4M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.46	−0.083%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.13	−0.128%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.13	+0.007%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	742.59	−0.200%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.131%	$12K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.63	−0.060%	$712	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.31	−0.103%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.51	−0.077%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.22	−0.116%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0027%	1h	743.11	−0.131%	$480K	$558K	20x	as long as short
Lighter RH META	+0.0032%	1h	743.98	−0.013%	$769K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	742.67	−0.189%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.67	−0.055%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	743.25	−0.112%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.50	−0.078%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.12	−0.129%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.37	−0.095%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.89	−0.160%	$729K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0077%	8h	743.24	−0.113%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	743.58	−0.067%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.55	−0.071%	$1.6M	$643K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	742.39	−0.227%	$166K	$72K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.69	−0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.55	−0.072%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.48	−0.081%	$658K	$7.7M	10x	as long as short
edgeX METAUSDC	+0.0135%	4h	743.17	−0.122%	$62K	$341K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.245%	$172K	$46K	30x	as long as short
Lighter METAlong	+0.0328%	1h	744.08	long leg	$1.0M	$2.6M	20x
Hotstuff META-PERP	+0.0360%	1h	743.66	−0.056%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0441%	1h	743.90	−0.024%	$74.7M	$124.8M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.009%	$795K	$1.4M	20x	as long as short