Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.018%

Price spread now: Aster against Lighter RH−0.116%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.116%, 7d avg +0.066%

Together, before fees+0.053%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.182% cheaper against Lighter RH than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	744.07	0.0032	pay 0.0004% / 1h	46m 44s	$760K	$3.2M	20x
Short	Aster METAUSDT	743.21	0	get 0.0000% / 8h	46m 44s	$459K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$6.72
Price spread: −0.116% → +0.066%: −$18.17
Slippage, 4 orders: −$99.66
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$132.55
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Aster: live order book, 31 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 RH live order book, 2 min ago	1.28 bp	1.9 bp −$2	4.3 bp −$43	44.7 bp −$4,468	doesn't fit
Sell Aster live order book, 31 min ago	9.23 bp	60.5 bp −$61	79.9 bp −$799	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	743.67	−0.054%	$281K	$1.1M	20x	as long as short
Nado META-PERP	−0.0071%	1h	743.53	−0.073%	$392K	$329K	20x	as long as short
Aster METAUSDTshort	0.0000%	8h	743.21	−0.116%	$459K	$536K	20x
Extended META_24_5-USD	0.0000%	1h	743.54	−0.071%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.76	−0.042%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.69	−0.051%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.94	−0.017%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.39	−0.091%	$345K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.52	−0.074%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	742.97	−0.148%	$2.3M	$3.2M	—	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	743.15	−0.124%	$13K	$486K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.45	−0.083%	$900	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.43	−0.086%	$30K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.45	−0.083%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.35	−0.097%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	743.48	−0.079%	$2.2M	$14.3M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	744.07	long leg	$760K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	743.23	−0.113%	$110K	$481K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.98	−0.012%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.68	−0.052%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.71	−0.048%	$543K	$841K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.63	−0.059%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.17	−0.121%	$782K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	743.63	−0.059%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0061%	1h	743.55	−0.070%	$52K	$72K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	743.28	−0.106%	$610K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.42	−0.087%	$1.6M	$377K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.72	−0.181%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.53	−0.073%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.44	−0.085%	$268	—	10x	as long as short
Hotstuff META-PERP	+0.0128%	1h	743.79	−0.038%	$33K	$105	20x	as long as short
Phoenix META	+0.0129%	1h	743.34	−0.098%	$292K	$797K	20x	as long as short
Lighter META	+0.0136%	1h	744.04	−0.004%	$865K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0207%	1h	743.89	−0.024%	$67.6M	$122.3M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.73	−0.180%	$169K	$46K	30x	as long as short
edgeX METAUSDC	+0.0897%	4h	743.03	−0.140%	$62K	$332K	10x	as long as short