Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.017%

Price spread now: Binance against Lighter RH−0.035%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.035%, 7d avg +0.025%

Together, before fees−0.115%+ Points / potential airdropLighter RH: Points live · farm board−$12 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 Binance is 0.059% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	745.85	0.0032	pay 0.0004% / 1h	56m 07s	$787K	$2.9M	20x
Short	Binance METAUSDT	745.59	0	get 0.0000% / 8h	1h 56m	$27.6M	$184.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$6.72
Price spread: −0.035% → +0.025%: −$5.94
Slippage, 4 orders: −$5.43
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.09
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Binance: live order book, 2 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	0.74 bp	1.4 bp −$1	3.5 bp −$35	46.3 bp −$4,629	doesn't fit
Sell Binance live order book, 2 min ago	0.07 bp	5.6 bp −$6	13.2 bp −$132	42.7 bp −$4,267	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	745.72	−0.017%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0065%	1h	745.21	−0.086%	$482K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.25	−0.080%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.42	−0.058%	$552K	$2.6M	17x	as long as short
Binance METAUSDTshort	0.0000%	8h	745.59	−0.035%	$27.6M	$184.4M	20x
Bybit METAUSDT	0.0000%	8h	745.55	−0.040%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.72	−0.017%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.11	−0.099%	$433K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.64	−0.028%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.29	−0.075%	$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	745.40	−0.061%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.45	−0.054%	$657	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.11	−0.099%	$31K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.38	−0.063%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.03	+0.024%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.49	−0.048%	$2.2M	$13.9M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	745.85	long leg	$787K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	745.38	−0.063%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.98	+0.017%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.64	−0.028%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.16	−0.093%	$586K	$567K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.67	−0.024%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.32	−0.071%	$711K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.41	−0.059%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0084%	1h	746.54	+0.093%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.61	−0.032%	$1.6M	$663K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.88	−0.130%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.57	−0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.36	−0.066%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.067%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.973%	$174K	$46K	30x	as long as short
Lighter META	+0.0312%	1h	745.95	+0.013%	$1.1M	$2.7M	20x	as long as short
tradeXYZ xyz:META	+0.0538%	1h	746.13	+0.038%	$76.6M	$126.4M	20x	as long as short
Hotstuff META-PERP	+0.0600%	1h	746.38	+0.071%	$33K	$105	20x	as long as short
Phoenix META	+0.0685%	1h	746.90	+0.141%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0887%	4h	745.56	−0.039%	$62K	$341K	10x	as long as short