Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter RH−0.013%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.013%, 7d avg −0.044%

Together, before fees+0.180%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.030% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	741.10	0.0032	pay 0.0004% / 1h	47m 01s	$861K	$2.8M	20x
Short	KuCoin METAUSDTM	741.00	0.0100	get 0.0100% / 8h	5h 47m	$1.6M	$879K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $14.28
Price spread: −0.013% → −0.044%: $3.04
Slippage, 4 orders: −$49.53
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.21
Costs to cover: 0.615%
Break-even: 28.7 days

Slippage from Lighter RH: live order book, 4 min ago; KuCoin: live order book, 2 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	1.48 bp	1.9 bp −$2	5.1 bp −$51	43.6 bp −$4,359	doesn't fit
Sell KuCoin live order book, 2 min ago	5.74 bp	34.4 bp −$34	doesn't fit	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	+0.175%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	741.06	−0.005%	$339K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	−0.013%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.63	−0.064%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.02	−0.011%	$25.8M	$192.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.54	−0.076%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.74	−0.049%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.71	−0.053%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.85	−0.034%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.83	+0.098%	$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	740.95	−0.020%	$12K	$432K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.19	+0.012%	$1K	$7.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.46	−0.086%	$36K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.87	−0.031%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.55	+0.061%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	741.10	long leg	$861K	$2.8M	20x
QFEX META-USD	+0.0038%	1h	740.92	−0.024%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.57	−0.072%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.06	−0.005%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.74	−0.049%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.77	−0.045%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.29	−0.109%	$702K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.72	−0.051%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.18	−0.124%	$648K	$7.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.58	+0.065%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	740.48	−0.084%	$604	$2K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	741.00	−0.013%	$1.6M	$879K	20x
ApeX Omni METAUSDT	+0.0100%	1h	741.45	+0.047%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.86	−0.032%	$1K	$24	10x	as long as short
Popdex METAUSDT	+0.0104%	1h	740.98	−0.016%	$178K	$201K	20x	as long as short
Aevo META-PERP	+0.0104%	1h	740.66	−0.059%	$267	—	10x	as long as short
Nado META-PERP	+0.0123%	1h	740.38	−0.097%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.358%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	741.01	−0.012%	$86.0M	$135.4M	20x	as long as short
Lighter META	+0.0376%	1h	741.16	+0.008%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	743.01	+0.258%	$793K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0833%	4h	742.11	+0.136%	$62K	$349K	10x	as long as short