Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.017%

Price spread now: Gate against Lighter RH−0.074%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.074%, 7d avg −0.061%

Together, before fees+0.087%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

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	9m 38s	$748K	$3.2M	20x
Short	Gate META_USDT	740.19	0	get 0.0000% / 8h	2h 09m	$318K	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.074%Rate

Funding earned: −$6.72
Price spread: −0.074% → −0.061%: −$1.28
Slippage, 4 orders: −$36.6
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.6
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Gate: 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, 4 min ago	2.43 bp	2.5 bp −$3	4.9 bp −$49	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	7.16 bp	24.6 bp −$25	49.2 bp −$492	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	740.31	−0.058%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0108%	1h	740.39	−0.048%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.70	−0.005%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.91	+0.023%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.38	−0.048%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.44	−0.041%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.35	−0.053%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.27	−0.063%	$6.0M	$13.1M	20x	as long as short
Gate META_USDTshort	0.0000%	8h	740.19	−0.074%	$318K	$5.4M	100x
Bitget METAUSDT	0.0000%	8h	740.43	−0.042%	$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	740.48	−0.035%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.37	−0.050%	$12K	$525K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.00	+0.035%	$1K	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.52	−0.030%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.31	−0.058%	$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	740.28	−0.062%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.67	−0.009%	$859K	$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	740.22	−0.070%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.99	+0.034%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.48	−0.035%	$177K	$200K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.71	−0.004%	$68.5M	$120.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.60	−0.019%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.46	−0.038%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.11	−0.085%	$641K	$4.0M	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.26	−0.065%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0053%	1h	740.99	+0.034%	$45K	$61K	10x	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	740.50	−0.032%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.36	−0.051%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.32	−0.057%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.42	−0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.33	−0.056%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.25	−0.066%	$168K	$46K	30x	as long as short
edgeX METAUSDC	+0.0274%	4h	740.35	−0.052%	$62K	$331K	10x	as long as short