Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h —

Price spread now: Paradex against Lighter RH−0.052%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.052% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6.1 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	745.48	0.0032	pay 0.0004% / 1h	28m 00s	$787K	$2.9M	20x
Short	Paradex META-USD-PERP	745.09	0.0061	get 0.0061% / 8h	1h 28m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.052%Rate

Funding earned: $6.01
Price spread: −0.052% → 0.000%: −$5.22
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.21
Costs to cover: 0.040%
Break-even: 10.7 days

Slippage unknown: Lighter RH: live order book, 5 min ago; Paradex: 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	1.21 bp	1.7 bp −$2	4.8 bp −$48	46.9 bp −$4,687	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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
Deribit META_USDC-PERPETUAL	−0.0153%	1h	744.57	−0.122%	$34K	$275K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	744.93	−0.074%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0043%	1h	744.88	−0.081%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.38	−0.013%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.85	−0.085%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.14	−0.046%	$25.0M	$188.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.06	−0.056%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.05	−0.058%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.49	−0.133%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.04	−0.059%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.51	−0.129%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.76	−0.097%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.94	−0.072%	$608	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.88	−0.080%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.90	−0.078%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.84	−0.086%	$2.2M	$14.0M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	745.48	long leg	$787K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	744.49	−0.133%	$112K	$340K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.49	+0.001%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.06	−0.056%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.64	−0.113%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.01	−0.063%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.58	−0.121%	$696K	$5.3M	10x	as long as short
Paradex META-USD-PERPshort	+0.0061%	8h	745.09	−0.052%	—	—	5x
Aftermath Perps METAUSD	+0.0085%	1h	745.50	+0.002%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.97	−0.068%	$1.6M	$681K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.69	−0.106%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.99	−0.066%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.87	−0.081%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.50	−0.131%	$655K	$8.0M	10x	as long as short
edgeX METAUSDC	+0.0170%	4h	744.61	−0.116%	$62K	$345K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.145%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.64	+0.021%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.52	+0.005%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0491%	1h	745.59	+0.015%	$77.6M	$127.7M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	+0.103%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.13	−0.046%	$13	$46	—	as long as short