META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.017%

Price spread now: Injective against Lighter0.000%7-day average +0.309% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now 0.000%, 7d avg +0.309%

Together, before fees+0.501%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 0.309% cheaper against Lighter than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.309%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter META	746.01	0.0304	pay 0.0038% / 1h	12m 42s	$1.0M	$2.6M	20x
Short	Injective META/USDC PERP	746.01	0.0220	get 0.0028% / 1h	12m 42s	$172K	$46K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$17.64
Price spread: 0.000% → +0.309%: −$30.87
Slippage, 4 orders: −$57.7
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$106.23
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Injective: live order book, 36 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, 4 min ago	0.81 bp	1.1 bp −$1	1.9 bp −$19	doesn't fit	doesn't fit
Sell Injective live order book, 36 min ago	19.96 bp	35.1 bp −$35	doesn't fit	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	744.66	−0.181%	$330K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.85	−0.156%	$480K	$590K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.61	−0.187%	$544K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.48	−0.071%	$27.7M	$182.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.41	−0.080%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.87	−0.019%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.26	−0.235%	$439K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.93	−0.145%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.82	−0.293%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.06	−0.261%	$12K	$443K	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	744.29	−0.231%	$744	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.28	−0.232%	$31K	$263K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.45	−0.209%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.51	−0.201%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0009%	1h	744.20	−0.242%	$481K	$557K	20x	as long as short
Lighter RH META	+0.0032%	1h	745.86	−0.020%	$766K	$3.0M	20x	as long as short
Arcus META-USD	+0.0040%	1h	743.64	−0.318%	$109K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.84	−0.157%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.30	−0.229%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.58	−0.192%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.32	−0.227%	$586K	$562K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.49	−0.204%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.21	−0.375%	$745K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0070%	8h	745.73	−0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.48	−0.205%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.00	−0.135%	$1.6M	$655K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.53	−0.332%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.56	−0.194%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.33	−0.225%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.43	−0.346%	$654K	$7.8M	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	746.01	0.000%	$172K	$46K	30x
Lighter METAlong	+0.0304%	1h	746.01	long leg	$1.0M	$2.6M	20x
Hotstuff META-PERP	+0.0360%	1h	744.50	−0.202%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0448%	1h	746.05	+0.005%	$75.7M	$125.5M	20x	as long as short
edgeX METAUSDC	+0.0646%	4h	743.83	−0.292%	$62K	$342K	10x	as long as short
Phoenix META	+0.0685%	1h	744.89	−0.150%	$795K	$1.4M	20x	as long as short