META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%

Price spread now: Hotstuff against Lighter RH−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.031% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.62	0.0032	pay 0.0004% / 1h	4m 36s	$761K	$3.0M	20x
Short	Hotstuff META-PERP	740.39	0.0128	get 0.0016% / 1h	4m 36s	$33K	$105	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.031%Rate

Funding earned: $20.16
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $12.05
Costs to cover: 0.050%
Break-even: 2.8 days

Slippage unknown: Lighter RH: live order book, 4 min ago; Hotstuff: no order-book sample. Net counts fees only.

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	1.82 bp	2.6 bp −$3	5.6 bp −$56	47.0 bp −$4,699	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 35 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
Nado META-PERP	−0.0116%	1h	740.08	−0.073%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.79	+0.023%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.26	−0.049%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.44	−0.024%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.45	−0.023%	$7.5M	$13.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.57	−0.007%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.14	−0.065%	$354K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.42	−0.027%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.47	−0.021%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.33	−0.039%	$12K	$432K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.31	−0.042%	$873	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.87	−0.101%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.27	−0.047%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.44	−0.024%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.40	−0.030%	$2.2M	$13.7M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.62	long leg	$761K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	739.99	−0.085%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.55	−0.009%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.45	−0.023%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.28	−0.046%	$558K	$547K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.49	−0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.94	−0.092%	$697K	$4.2M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	740.29	−0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.84	+0.030%	$49K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.41	−0.028%	$1.6M	$496K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.73	−0.120%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.52	−0.014%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.28	−0.046%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.005%	$609K	$7.1M	10x	as long as short
Hotstuff META-PERPshort	+0.0128%	1h	740.39	−0.031%	$33K	$105	20x
Lighter META	+0.0144%	1h	740.58	−0.005%	$860K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.18	+0.211%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0241%	1h	740.41	−0.028%	$68.3M	$119.7M	20x	as long as short
Phoenix META	+0.0313%	1h	741.05	+0.058%	$460K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0925%	4h	740.30	−0.043%	$62K	$335K	10x	as long as short