Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH−0.013%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.013%, 7d avg +0.019%

Together, before fees−0.100%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.032% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.019%). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	746.08	0.0056	pay 0.0007% / 1h	53m 18s	$768K	$2.9M	20x
Short	Bitget METAUSDT	745.98	0.0091	get 0.0091% / 8h	2h 53m	$5.5M	$11.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.013%Rate

Funding earned: $7.35
Price spread: −0.013% → +0.019%: −$3.19
Slippage, 4 orders: −$9.98
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.82
Costs to cover: 0.220%
Break-even: 24.0 days

Slippage from Lighter RH: live order book, 5 min ago; Bitget: live order book, just now.

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, 5 min ago	1.07 bp	1.2 bp −$1	4.1 bp −$41	45.7 bp −$4,572	doesn't fit
Sell Bitget live order book, just now	0.47 bp	10.3 bp −$10	12.3 bp −$123	20.0 bp −$2,001	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	746.18	+0.013%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.57	+0.066%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.87	−0.028%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.07	−0.001%	$28.4M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.86	−0.029%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.12	+0.005%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.60	−0.064%	$430K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	746.09	+0.002%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	746.62	+0.072%	$12K	$446K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.09	+0.001%	$1K	$8.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.42	−0.088%	$31K	$255K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.93	−0.020%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.46	+0.051%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.93	−0.020%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.08	0.000%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.92	−0.021%	$2.2M	$13.8M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.62	−0.062%	$587K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.95	−0.017%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.27	−0.109%	$759K	$4.5M	10x	as long as short
Lighter RH METAlong	+0.0056%	1h	746.08	long leg	$768K	$2.9M	20x
Nado META-PERP	+0.0057%	1h	745.50	−0.078%	$482K	$557K	20x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	745.80	−0.038%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.88	+0.108%	$52K	$82K	10x	as long as short
Bitget METAUSDTshort	+0.0091%	8h	745.98	−0.013%	$5.5M	$11.9M	100x
KuCoin METAUSDTM	+0.0100%	8h	746.02	−0.008%	$1.6M	$630K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.87	−0.028%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.95	−0.017%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.80	−0.038%	$268	—	10x	as long as short
Popdex METAUSDT	+0.0128%	1h	746.08	0.000%	$179K	$199K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.044%	$671K	$7.6M	10x	as long as short
edgeX METAUSDC	+0.0218%	4h	745.98	−0.014%	$62K	$338K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.00	+0.391%	$173K	$46K	30x	as long as short
Lighter META	+0.0336%	1h	746.10	+0.003%	$970K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.17	+0.012%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0515%	1h	746.19	+0.015%	$72.5M	$122.2M	20x	as long as short
Phoenix META	+0.0685%	1h	748.29	+0.296%	$799K	$1.4M	20x	as long as short