META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against Lighter RH−0.026%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.026%, 7d avg −0.068%

Together, before fees+0.182%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.042% dearer against Lighter RH than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.068%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.74	0.0032	pay 0.0004% / 1h	1m 20s	$748K	$3.2M	20x
Short	Deribit META_USDC-PERPETUAL	740.55	0	get 0.0000% / 1h	1m 20s	$30K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$6.72
Price spread: −0.026% → −0.068%: $4.19
Slippage, 4 orders: −$13.82
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.35
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Deribit: live order book, 22 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	2.50 bp	2.7 bp −$3	4.2 bp −$42	45.3 bp −$4,531	doesn't fit
Sell Deribit live order book, 22 min ago	0.07 bp	11.6 bp −$12	15.2 bp −$152	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	740.47	−0.036%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0103%	1h	740.29	−0.060%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0040%	1h	740.66	−0.011%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.96	+0.030%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.46	−0.038%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.53	−0.028%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.52	−0.030%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.45	−0.039%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.98	−0.103%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.58	−0.022%	$5.8M	$11.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.46	−0.038%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.043%	$12K	$521K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.96	+0.030%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUALshort	0.0000%	1h	740.55	−0.026%	$30K	$256K	10x
HTX META-USDT	0.0000%	8h	740.35	−0.053%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.50	−0.032%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.44	−0.041%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.73	−0.001%	$860K	$2.6M	20x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.74	long leg	$748K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	740.29	−0.061%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.91	+0.023%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.52	−0.030%	$178K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.62	−0.016%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.43	−0.042%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.38	−0.049%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.24	−0.068%	$649K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.03	+0.039%	$45K	$61K	10x	as long as short
tradeXYZ xyz:META	+0.0053%	1h	740.70	−0.005%	$68.5M	$120.6M	20x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.065%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.62	−0.016%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.32	−0.057%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.21	−0.072%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.50	−0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.34	−0.053%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.24	−0.068%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0972%	4h	740.41	−0.044%	$62K	$330K	10x	as long as short