META

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.008%

Price spread now: Nado against Lighter RH−0.053%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.245%−$24 · spread now −0.053%, 7d avg −0.045%

Together, before fees−0.360%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$2 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	743.33	0.0032	pay 0.0004% / 1h	41m 44s	$793K	$2.9M	20x
Short	Nado META-PERP	742.94	−0.0039	pay 0.0005% / 1h	41m 44s	$479K	$560K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: −$14.9
Price spread: −0.053% → −0.045%: −$0.79
Slippage, 4 orders: −$26
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.69
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; Nado: live order book, 56 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, 1 min ago	1.08 bp	3.2 bp −$3	8.6 bp −$86	doesn't fit	doesn't fit
Sell Nado live order book, 56 min ago	0.40 bp	10.6 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit

META on 37 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	744.00	+0.090%	$333K	$1.1M	20x	as long as short
Nado META-PERPshort	−0.0039%	1h	742.94	−0.053%	$479K	$560K	20x
Aster METAUSDT	0.0000%	8h	744.00	+0.090%	$487K	$603K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.92	−0.055%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.16	−0.023%	$25.8M	$191.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.95	−0.051%	$7.4M	$15.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.92	−0.055%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.60	−0.098%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.05	−0.038%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	744.82	+0.201%	$2.5M	$3.0M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.99	+0.224%	$12K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.30	−0.004%	$783	$7.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.76	−0.077%	$53K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.92	−0.055%	$107K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.59	+0.170%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	743.33	long leg	$793K	$2.9M	20x
QFEX META-USD	+0.0036%	1h	743.16	−0.023%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.90	−0.058%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.55	+0.030%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	743.25	−0.011%	$180K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.70	−0.085%	$565K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.13	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.88	−0.061%	$724K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	742.96	−0.050%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.45	+0.151%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	743.30	−0.004%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.38	+0.007%	$1.6M	$757K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.57	+0.167%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.34	+0.001%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.23	−0.014%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	742.87	−0.062%	$644K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.91	+0.616%	$177K	$52K	30x	as long as short
Lighter META	+0.0248%	1h	743.49	+0.022%	$1.2M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0259%	1h	743.26	−0.009%	$84.1M	$132.9M	20x	as long as short
Hotstuff META-PERP	+0.0288%	1h	745.17	+0.248%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0632%	4h	744.97	+0.221%	$63K	$348K	10x	as long as short
Phoenix META	+0.0791%	1h	746.16	+0.381%	$797K	$1.5M	20x	as long as short