META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against Lighter−0.061%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.061%, 7d avg −0.012%

Together, before fees+0.122%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.049% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter META	743.59	0.0296	pay 0.0037% / 1h	36m 36s	$1.2M	$2.9M	20x
Short	tradeXYZ xyz:META	743.14	0.0294	get 0.0037% / 1h	36m 36s	$84.3M	$132.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$0.35
Price spread: −0.061% → −0.012%: −$4.89
Slippage, 4 orders: −$4.96
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.2
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; tradeXYZ: live order book, 13 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	0.67 bp	0.7 bp −$1	1.1 bp −$11	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 13 min ago	0.67 bp	10.8 bp −$11	12.9 bp −$129	doesn't fit	doesn't fit

META on 37 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	743.46	−0.017%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0013%	1h	742.72	−0.116%	$479K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.66	+0.010%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.89	−0.093%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.07	−0.070%	$25.8M	$191.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.01	−0.078%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.11	−0.065%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.72	−0.117%	$476K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.13	−0.062%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.98	−0.082%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.50	−0.012%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.49	−0.013%	$1K	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.88	−0.095%	$48K	$280K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.29	−0.040%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.59	0.000%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	743.20	−0.052%	$793K	$2.9M	20x	as long as short
QFEX META-USD	+0.0036%	1h	743.05	−0.073%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.83	−0.102%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.44	−0.020%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.06	−0.071%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.80	−0.106%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.27	−0.043%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.83	−0.102%	$722K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	742.99	−0.081%	—	—	5x	as long as short
edgeX METAUSDC	+0.0079%	4h	743.33	−0.036%	$63K	$346K	10x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	743.97	+0.051%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	742.79	−0.108%	$625	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.38	−0.028%	$1.6M	$762K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.85	−0.100%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.13	−0.062%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.96	−0.085%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	743.34	−0.034%	$639K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.284%	$176K	$52K	30x	as long as short
Hotstuff META-PERP	+0.0288%	1h	743.49	−0.013%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAshort	+0.0294%	1h	743.14	−0.061%	$84.3M	$132.8M	20x
Lighter METAlong	+0.0296%	1h	743.59	long leg	$1.2M	$2.9M	20x
Phoenix META	+0.0791%	1h	744.37	+0.105%	$795K	$1.5M	20x	as long as short