META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.019%

Price spread now: Popdex against Lighter RH−0.022%7-day average 0.000% · 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−$15as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Lighter RH Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.022%, 7d avg 0.000%

Together, before fees+0.125%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.021% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of 0.000%). If the spread goes back, that is −$2 on $10k: about 4.5 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.67	0.0032	pay 0.0004% / 1h	3m 06s	$753K	$3.2M	20x
Short	Popdex METAUSDT	740.51	0.0048	get 0.0006% / 1h	3m 06s	$176K	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.022%Rate

Funding earned: $3.36
Price spread: −0.022% → 0.000%: −$2.14
Slippage, 4 orders: −$6.89
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$12.07
Costs to cover: 0.133%
Break-even: 32.1 days

Slippage from Lighter RH: live order book, 5 min ago; Popdex: live order book, 6 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, 5 min ago	1.42 bp	1.8 bp −$2	5.9 bp −$59	47.5 bp −$4,749	doesn't fit
Sell Popdex live order book, 6 min ago	0.27 bp	3.9 bp −$4	7.0 bp −$70	doesn't fit	doesn't fit

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	740.77	+0.014%	$326K	$1.1M	20x	as long as short
Nado META-PERP	−0.0095%	1h	740.42	−0.033%	$490K	$518K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0074%	1h	740.08	−0.080%	$30K	$246K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.47	−0.026%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.32	−0.047%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.55	−0.016%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.84	+0.023%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.32	−0.047%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.38	−0.039%	$351K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.51	−0.022%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.83	+0.021%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.87	+0.027%	$13K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.91	+0.032%	$983	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.74	+0.009%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.72	+0.007%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.67	long leg	$753K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	740.96	+0.039%	—	$11K	25x	as long as short
Popdex METAUSDTshort	+0.0048%	1h	740.51	−0.022%	$176K	$197K	20x
Polymarket Perps META-USD	+0.0050%	1h	740.38	−0.039%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.51	−0.022%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.07	−0.081%	$686K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	740.41	−0.035%	$2.2M	$14.1M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	740.58	−0.012%	—	—	5x	as long as short
Arcus META-USD	+0.0063%	1h	740.20	−0.063%	$110K	$331K	10x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	741.11	+0.060%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.82	+0.020%	$1.6M	$454K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.31	−0.049%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.53	−0.019%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.31	−0.049%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.35	−0.043%	$610K	$7.4M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	740.70	+0.004%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0165%	1h	740.62	−0.007%	$67.9M	$121.1M	20x	as long as short
Lighter META	+0.0200%	1h	740.68	+0.001%	$857K	$2.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.98	+0.177%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.55	+0.119%	$335K	$930K	20x	as long as short
edgeX METAUSDC	+0.0394%	4h	740.15	−0.071%	$62K	$335K	10x	as long as short