META

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.047%

Price spread now: Injective against Lighter RH−0.058%97s7-day average +0.300% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.583% of the position

Long on Lighter RH Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.384%+$38 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.058%, 7d avg +0.300%

Together, before fees+0.732%+ Points / potential airdropLighter RH: Points live · farm board+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.358% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.300%). If the spread goes back, that is −$36 on $10k: about 6.3 days of funding at the current rate (+$6 a day). The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.72	0.0032	pay 0.0004% / 1h	3m 42s	$748K	$3.2M	20x
Short	Injective META/USDC PERP	740.29	0.0220	get 0.0028% / 1h	3m 42s	$168K	$46K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.058%Rate

Funding earned: $39.48
Price spread: −0.058% → +0.300%: −$35.81
Slippage, 4 orders: −$58.32
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$54.67
Costs to cover: 0.583%
Break-even: 16.7 days

Slippage from Lighter RH: live order book, 5 min ago; Injective: live order book, 20 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, 5 min ago	2.84 bp	3.0 bp −$3	4.3 bp −$43	45.6 bp −$4,564	doesn't fit
Sell Injective live order book, 20 min ago	16.80 bp	35.6 bp −$36	doesn't fit	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	740.30	−0.057%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0106%	1h	740.36	−0.048%	$397K	$317K	20x	as long as short
Hotstuff META-PERP	−0.0048%	1h	740.77	+0.007%	$33K	$105	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.92	+0.027%	$457K	$536K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.32	−0.054%	$548K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.40	−0.043%	$26.9M	$177.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.37	−0.047%	$7.4M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.45	−0.036%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.18	−0.073%	$318K	$5.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.58	−0.019%	$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	−0.035%	$1.6M	$2.5M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.041%	$12K	$521K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.93	+0.028%	$904	$9.5M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.50	−0.030%	$30K	$256K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.19	−0.072%	$105K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.53	−0.026%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0012%	1h	740.33	−0.053%	$2.2M	$14.2M	10x	as long as short
Lighter META	+0.0032%	1h	740.70	−0.003%	$859K	$2.6M	20x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.72	long leg	$748K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	740.24	−0.065%	$263K	$313K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.95	+0.031%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.47	−0.034%	$178K	$201K	20x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	740.68	−0.005%	$68.5M	$120.6M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.58	−0.019%	$541K	$840K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.47	−0.034%	$24K	$3K	10x	as long as short
Paradex META-USD-PERP	+0.0050%	8h	740.32	−0.054%	—	—	5x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.22	−0.068%	$641K	$4.0M	10x	as long as short
Aftermath Perps METAUSD	+0.0052%	1h	741.03	+0.041%	$45K	$61K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0080%	1h	740.26	−0.062%	$607K	$7.3M	10x	as long as short
Phoenix META	+0.0097%	1h	740.71	−0.001%	$291K	$782K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.33	−0.053%	$1.6M	$354K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.43	−0.039%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.42	−0.041%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.35	−0.050%	$267	—	10x	as long as short
Injective META/USDC PERPshort	+0.0220%	1h	740.29	−0.058%	$168K	$46K	30x
edgeX METAUSDC	+0.0401%	4h	740.46	−0.035%	$62K	$329K	10x	as long as short