META

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: Ondo Perps against Lighter RH−0.095%7-day average −0.064% · you buy dearer than you sell

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

Long on Lighter RH Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.218%+$22 · spread now −0.095%, 7d avg −0.064%

Together, before fees+0.260%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.030% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.064%). If the spread goes back, that is −$3 on $10k: about 5.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.12	0.0032	pay 0.0004% / 1h	5m 43s	$856K	$2.9M	20x
Short	Ondo Perps META-USD.P	739.42	0.0050	get 0.0006% / 1h	5m 43s	$753K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.095%Rate

Funding earned: $3.86
Price spread: −0.095% → −0.064%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.15
Costs to cover: 0.050%
Break-even: 14.5 days

Slippage unknown: Lighter RH: live order book, 6 min ago; Ondo Perps: 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, 6 min ago	1.96 bp	2.9 bp −$3	7.8 bp −$78	50.6 bp −$5,058	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	739.81	−0.042%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.13	+0.001%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.00	−0.016%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.75	−0.050%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.99	−0.018%	$25.3M	$190.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.83	−0.039%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.96	−0.022%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.96	−0.022%	$467K	$6.4M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.95	−0.023%	$5.7M	$12.0M	100x	as long as short
Variational Omni META	0.0000%	8h	739.78	−0.045%	$2.6M	$3.1M	—	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	740.12	−0.001%	$12K	$427K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.01	−0.015%	$867	$6.9M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.64	−0.065%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.03	−0.012%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0021%	1h	739.49	−0.085%	$36K	$208K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.12	long leg	$856K	$2.9M	20x
QFEX META-USD	+0.0038%	1h	739.86	−0.035%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	739.50	−0.084%	$111K	$291K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.11	−0.001%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.59	−0.072%	$557K	$595K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.91	−0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.42	−0.095%	$753K	$5.1M	10x
Coinbase International META-PERP-INTX	+0.0064%	1h	739.76	−0.049%	$645K	$7.2M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	739.71	−0.056%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	740.53	+0.056%	$53K	$86K	10x	as long as short
Pacifica META	+0.0100%	1h	739.30	−0.110%	$609	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.99	−0.018%	$1.6M	$922K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.42	−0.095%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.89	−0.031%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.78	−0.046%	$266	—	10x	as long as short
Nado META-PERP	+0.0126%	1h	739.46	−0.090%	$474K	$535K	20x	as long as short
Popdex METAUSDT	+0.0144%	1h	739.91	−0.028%	$178K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.85	−0.036%	$167K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0321%	1h	739.84	−0.038%	$86.9M	$136.0M	20x	as long as short
Lighter META	+0.0368%	1h	740.12	0.000%	$1.2M	$2.7M	20x	as long as short
Phoenix META	+0.0613%	1h	740.72	+0.081%	$791K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0646%	4h	739.89	−0.030%	$62K	$349K	10x	as long as short