Funding you earn now, next payment 01:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.31 per $10,000 · paid last 24h −0.023%
Price spread now: Nado against Lighter−0.070%47s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.260% of the position
Funding, last 3 days (all we have)−0.138%−$14 on $10k
+Price spread, last 3 days (all we have)−0.048%−$5 · spread now −0.070%, 7d avg −0.012%
=Together, before fees−0.186%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$19 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 Nado is 0.058% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter META | 739.66 | 0.0256 | pay 0.0032% / 1h | 30m 46s | $851K | $2.5M | 20x |
| Short | Nado META-PERP | 739.14 | 0.0012 | get 0.0001% / 1h | 30m 46s | $371K | $343K | 20x |
Lighter META
Nado META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$51.29
- Price spread: −0.070% → −0.012%
- −$5.83
- Slippage, 4 orders
- −$19.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$83.17
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 42 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, 6 min ago | 0.81 bp | 0.8 bp −$1 | 1.4 bp −$14 | doesn't fit | doesn't fit |
| Sell Nado live order book, 42 min ago | 0.41 bp | 10.5 bp −$11 | 34.8 bp −$348 | 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 | 739.50 | −0.022% | $329K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 739.55 | −0.014% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.36 | −0.040% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.49 | −0.023% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.58 | −0.011% | $7.6M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.27 | −0.053% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 738.96 | −0.095% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.36 | −0.041% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.38 | −0.038% | $2.3M | $3.3M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 738.91 | −0.102% | $12K | $479K | 10x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni META
GRVT META_USDT_PerpShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 739.25 | −0.055% | $679 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.21 | −0.061% | $30K | $245K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.28 | −0.051% | $106K | $291K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 738.98 | −0.092% | $2.0M | $8K | 10x | as long as short |
| Nado META-PERPshort | +0.0012% | 1h | 739.14 | −0.070% | $371K | $343K | 20x | |
| Lighter RH META | +0.0032% | 1h | 739.65 | −0.001% | $756K | $3.1M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 739.50 | −0.022% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.49 | −0.023% | $177K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.22 | −0.059% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.38 | −0.038% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 738.66 | −0.135% | $691K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.34 | −0.043% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 738.70 | −0.130% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0067% | 8h | 739.23 | −0.059% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0071% | 1h | 739.39 | −0.037% | $48K | $80K | 10x | as long as short |
| Hotstuff META-PERP | +0.0088% | 1h | 739.47 | −0.026% | $33K | $105 | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 739.43 | −0.031% | $1.6M | $430K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 738.62 | −0.141% | $165K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 739.51 | −0.020% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.34 | −0.043% | $266 | — | 10x | as long as short |
| edgeX METAUSDC | +0.0143% | 4h | 738.77 | −0.120% | $62K | $334K | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 738.49 | −0.158% | $604K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0176% | 1h | 739.44 | −0.030% | $67.5M | $121.5M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 741.02 | +0.184% | $171K | $48K | 30x | as long as short |
| Lighter METAlong | +0.0256% | 1h | 739.66 | long leg | $851K | $2.5M | 20x | |
| Phoenix META | +0.0259% | 1h | 739.35 | −0.042% | $277K | $930K | 20x | as long as short |
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
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Hotstuff META-PERP
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
edgeX METAUSDC
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Phoenix META