Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.013%
Price spread now: Hotstuff against Lighter−0.035%7-day average — · you buy dearer than you sell
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 airdropLighter: Season 3 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.035% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter META | 740.24 | 0.0200 | pay 0.0025% / 1h | 10m 18s | $852K | $2.5M | 20x |
| Short | Hotstuff META-PERP | 739.98 | 0.0056 | get 0.0007% / 1h | 10m 18s | $33K | $105 | 20x |
Lighter META
Hotstuff META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Lighter. 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
- −$30.24
- Price spread: −0.035% → 0.000%
- −$3.51
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$38.75
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 2 min ago; Hotstuff: no order-book sample. 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 Lighter live order book, 2 min ago | 0.47 bp | 0.6 bp −$1 | 2.5 bp −$25 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | 739.91 | −0.045% | $326K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0078% | 1h | 739.77 | −0.063% | $454K | $461K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 739.93 | −0.043% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.91 | −0.044% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.11 | −0.018% | $27.4M | $179.7M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.25 | +0.001% | $7.6M | $13.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.11 | −0.018% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.88 | −0.049% | $349K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.88 | −0.049% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.81 | −0.058% | $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 | 740.32 | +0.010% | $12K | $459K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.47 | +0.031% | $890 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.73 | −0.069% | $30K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.99 | −0.034% | $105K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.09 | −0.020% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.23 | −0.001% | $752K | $3.2M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.29 | +0.007% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.19 | −0.007% | $178K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.91 | −0.045% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.99 | −0.034% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.52 | −0.097% | $666K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.90 | −0.046% | $2.2M | $14.2M | 10x | as long as short |
| Hotstuff META-PERPshort | +0.0056% | 1h | 739.98 | −0.035% | $33K | $105 | 20x | |
| Paradex META-USD-PERP | +0.0061% | 8h | 739.92 | −0.043% | — | — | 5x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.64 | −0.081% | $110K | $331K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.0069% | 1h | 740.49 | +0.034% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.12 | −0.016% | $1.6M | $448K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.88 | −0.049% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.00 | −0.032% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.84 | −0.055% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.80 | −0.059% | $614K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0161% | 1h | 740.01 | −0.031% | $67.7M | $121.8M | 20x | as long as short |
| Lighter METAlong | +0.0200% | 1h | 740.24 | long leg | $852K | $2.5M | 20x | |
| Injective META/USDC PERP | +0.0220% | 1h | 741.98 | +0.235% | $171K | $48K | 30x | as long as short |
| Phoenix META | +0.0259% | 1h | 740.72 | +0.065% | $318K | $930K | 20x | as long as short |
| edgeX METAUSDC | +0.0833% | 4h | 740.25 | +0.001% | $62K | $336K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
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
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