META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h +0.016%

Price spread now: Coinbase International against Lighter RH−0.004%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.004%, 7d avg −0.113%

Together, before fees+0.186%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.109% dearer against Lighter RH than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.113%. Mind the row above: over the last 7 days funding on this pair cost −0.140%, 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	743.76	0.0032	pay 0.0004% / 1h	28m 59s	$793K	$2.9M	20x
Short	Coinbase International META-PERP-INTX	743.73	0.0120	get 0.0015% / 1h	28m 59s	$635K	$7.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.004%Rate

Funding earned: $18.48
Price spread: −0.004% → −0.113%: $10.86
Slippage, 4 orders: −$11.68
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $7.66
Costs to cover: 0.217%
Break-even: 4.1 days

Slippage from Lighter RH: live order book, 4 min ago; Coinbase International: live order book, 5 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, 4 min ago	1.08 bp	1.8 bp −$2	5.9 bp −$59	41.4 bp −$4,139	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.89 bp	10.3 bp −$10	13.1 bp −$131	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	743.65	−0.015%	$336K	$1.1M	20x	as long as short
Nado META-PERP	−0.0010%	1h	743.50	−0.035%	$478K	$560K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.00	+0.032%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.51	−0.034%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.78	+0.003%	$25.9M	$191.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.58	−0.024%	$7.4M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.50	−0.035%	$6.1M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.26	−0.067%	$482K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.74	−0.003%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.025%	$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	744.00	+0.032%	$12K	$437K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.99	+0.031%	$1K	$7.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.36	−0.054%	$44K	$269K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.49	−0.036%	$108K	$300K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.70	−0.008%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	743.76	long leg	$793K	$2.9M	20x
QFEX META-USD	+0.0036%	1h	743.61	−0.020%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.41	−0.047%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.19	+0.058%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.59	−0.023%	$180K	$204K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.12	−0.086%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.62	−0.019%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.10	−0.089%	$742K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	743.72	−0.005%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	744.55	+0.106%	$51K	$93K	10x	as long as short
Pacifica META	+0.0100%	1h	743.42	−0.045%	$607	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.91	+0.020%	$1.6M	$770K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.23	−0.071%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.57	−0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.45	−0.041%	$268	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0120%	1h	743.73	−0.004%	$635K	$7.9M	10x
Injective META/USDC PERP	+0.0220%	1h	745.70	+0.261%	$176K	$52K	30x	as long as short
Lighter META	+0.0288%	1h	743.94	+0.024%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0295%	1h	743.96	+0.027%	$84.7M	$133.2M	20x	as long as short
Hotstuff META-PERP	+0.0296%	1h	744.01	+0.034%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0672%	4h	743.87	+0.015%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	745.06	+0.175%	$795K	$1.5M	20x	as long as short