META

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: Extended against Lighter RH−0.055%7-day average +0.005% · you buy dearer than you sell

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

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

costs, in and out, $10k−$150.147% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days−0.190%−$19 · spread now −0.055%, 7d avg +0.005%

Together, before fees−0.113%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$11 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 Extended is 0.060% 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 +0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	742.49	0.0032	pay 0.0004% / 1h	53m 06s	$848K	$2.8M	20x
Short	Extended META_24_5-USD	742.08	0	get 0.0000% / 1h	53m 06s	$547K	$3.3M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$6.72
Price spread: −0.055% → +0.005%: −$6
Slippage, 4 orders: −$9.72
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.45
Costs to cover: 0.147%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Extended: live order book, 4 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, 3 min ago	1.48 bp	1.8 bp −$2	6.2 bp −$62	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.54 bp	5.5 bp −$6	33.5 bp −$335	doesn't fit	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.40	−0.012%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0035%	8h	742.53	+0.005%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.89	+0.053%	$493K	$628K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	742.08	−0.055%	$547K	$3.3M	17x
Binance METAUSDT	0.0000%	8h	742.35	−0.019%	$25.9M	$192.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.28	−0.028%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.36	−0.018%	$6.1M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.98	−0.069%	$454K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.23	−0.035%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	742.47	−0.003%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.66	+0.023%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.29	−0.027%	$1K	$7.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.92	−0.077%	$36K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.27	−0.030%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.98	+0.066%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0013%	4h	742.28	−0.029%	$62K	$347K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	742.49	long leg	$848K	$2.8M	20x
QFEX META-USD	+0.0038%	1h	742.27	−0.030%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	741.86	−0.085%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.49	0.000%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.92	−0.077%	$559K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.24	−0.034%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.54	−0.128%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	741.93	−0.075%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	742.00	−0.066%	$644K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	742.83	+0.046%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	741.75	−0.100%	$635	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.35	−0.019%	$1.6M	$867K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.82	−0.090%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.32	−0.023%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.10	−0.053%	$267	—	10x	as long as short
Popdex METAUSDT	+0.0128%	1h	742.30	−0.026%	$179K	$200K	20x	as long as short
Nado META-PERP	+0.0134%	1h	741.77	−0.097%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.170%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0286%	1h	742.28	−0.028%	$86.0M	$135.2M	20x	as long as short
Lighter META	+0.0384%	1h	742.57	+0.011%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0613%	1h	743.08	+0.079%	$793K	$1.5M	20x	as long as short