Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.014%

Price spread now: Orderly against Lighter RH−0.001%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	744.01	0.0032	pay 0.0004% / 1h	17m 46s	$772K	$3.0M	20x
Short	Orderly PERP_META_USDC_mythos	744.00	0.0100	get 0.0100% / 8h	4h 17m	$1K	$24	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.001%Rate

Funding earned: $14.28
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.15
Costs to cover: 0.060%
Break-even: 3.0 days

Slippage unknown: Lighter RH: live order book, 5 min ago; Orderly: 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, 5 min ago	1.48 bp	2.2 bp −$2	4.3 bp −$43	42.3 bp −$4,231	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	743.99	−0.003%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0022%	1h	743.51	−0.068%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.43	−0.077%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.81	−0.027%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.93	−0.011%	$27.6M	$181.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.10	+0.012%	$7.6M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.96	−0.007%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.51	−0.067%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.97	−0.005%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.78	−0.166%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.66	−0.182%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.32	+0.042%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.88	−0.017%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.41	−0.081%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	744.01	long leg	$772K	$3.0M	20x
QFEX META-USD	+0.0036%	1h	743.79	−0.030%	$2.2M	$13.8M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.16	−0.114%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.06	+0.007%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.20	+0.026%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.050%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.72	−0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.27	−0.099%	$765K	$4.5M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	743.80	−0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.44	−0.077%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.52	−0.066%	$1.6M	$549K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.26	−0.235%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythosshort	+0.0100%	8h	744.00	−0.001%	$1K	$24	10x
Aevo META-PERP	+0.0104%	1h	743.76	−0.034%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.78	−0.031%	$626K	$7.2M	10x	as long as short
edgeX METAUSDC	+0.0137%	4h	742.55	−0.197%	$62K	$336K	10x	as long as short
Hotstuff META-PERP	+0.0160%	1h	744.03	+0.003%	$33K	$105	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0207%	1h	743.68	−0.044%	$31K	$246K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.66	−0.181%	$171K	$48K	30x	as long as short
Lighter META	+0.0248%	1h	743.97	−0.005%	$864K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0270%	1h	743.88	−0.017%	$69.5M	$120.5M	20x	as long as short
Phoenix META	+0.0591%	1h	743.61	−0.054%	$691K	$1.2M	20x	as long as short