META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0342%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.034%

Price spread now: SoDEX against Lighter−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SoDEX is 0.044% 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	745.83	0.0392	pay 0.0049% / 1h	45m 36s	$1.1M	$2.7M	20x
Short	SoDEX META-USD	745.50	0.0050	get 0.0006% / 1h	45m 36s	$25K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$71.82
Price spread: −0.044% → 0.000%: −$4.42
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$84.24
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 7 min ago; SoDEX: 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, 7 min ago	0.74 bp	2.0 bp −$2	4.2 bp −$42	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	745.51	−0.043%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0029%	1h	745.19	−0.085%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.44	−0.052%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.26	−0.076%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.43	−0.054%	$26.6M	$187.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.27	−0.075%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.65	−0.024%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.78	−0.141%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.34	−0.066%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.37	−0.061%	$2.4M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.06	+0.030%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.38	−0.060%	$908	$8.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	745.37	−0.062%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.95	+0.016%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.35	−0.064%	$2.2M	$13.9M	10x	as long as short
Lighter RH META	+0.0040%	1h	745.73	−0.013%	$787K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.18	−0.087%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.73	−0.013%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.48	−0.047%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.08	−0.101%	$586K	$564K	10x	as long as short
SoDEX META-USDshort	+0.0050%	1h	745.50	−0.044%	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	744.87	−0.129%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	745.24	−0.079%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.39	+0.075%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.48	−0.047%	$1.6M	$670K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.13	−0.094%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.48	−0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.37	−0.062%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.054%	$650K	$7.9M	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0193%	1h	745.39	−0.059%	$34K	$270K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.976%	$174K	$46K	30x	as long as short
edgeX METAUSDC	+0.0385%	4h	745.39	−0.059%	$62K	$344K	10x	as long as short
Lighter METAlong	+0.0392%	1h	745.83	long leg	$1.1M	$2.7M	20x
Hotstuff META-PERP	+0.0448%	1h	745.78	−0.007%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0559%	1h	745.76	−0.009%	$76.9M	$127.1M	20x	as long as short
Phoenix META	+0.0739%	1h	747.27	+0.193%	$798K	$1.5M	20x	as long as short