Funding you earn now, next payment 02:00 UTC+0.0217%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.036%
Price spread now: tradeXYZ against Lighter RH0.000%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now 0.000%, 7d avg −0.036%
=Together, before fees+0.058%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.036% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.036%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH META | 740.31 | 0.0032 | pay 0.0004% / 1h | 35m 27s | $750K | $3.0M | 20x |
| Short | tradeXYZ xyz:META | 740.31 | 0.0249 | get 0.0031% / 1h | 35m 27s | $68.3M | $120.3M | 20x |
Lighter RH META
tradeXYZ xyz:METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.64
- Price spread: 0.000% → −0.036%
- $3.61
- Slippage, 4 orders
- −$6.3
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $24.95
- Costs to cover
- 0.243%
- Break-even
- 3.2 days
Slippage from Lighter RH: live order book, 3 min ago; tradeXYZ: live order book, 3 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, 3 min ago | 2.16 bp | 2.4 bp −$2 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.41 bp | 9.7 bp −$10 | 9.9 bp −$99 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.0143% | 1h | 739.88 | −0.057% | $478K | $546K | 20x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 739.99 | −0.043% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.73 | +0.057% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.12 | −0.025% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.35 | +0.006% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.20 | −0.015% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.36 | +0.007% | $5.9M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.14 | −0.023% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.28 | −0.004% | $5.5M | $11.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.13 | −0.024% | $2.3M | $3.1M | — | as long as short |
Nado META-PERP
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 739.97 | −0.046% | $12K | $435K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.22 | −0.012% | $625 | $9.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.70 | −0.082% | $31K | $244K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.99 | −0.043% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.17 | −0.019% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.05 | −0.035% | $2.2M | $14.0M | 10x | as long as short |
| Lighter RH METAlong | +0.0032% | 1h | 740.31 | long leg | $750K | $3.0M | 20x | |
| Arcus META-USD | +0.0040% | 1h | 739.67 | −0.086% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.39 | +0.011% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.42 | +0.015% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.14 | −0.023% | $558K | $855K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.05 | −0.035% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.74 | −0.077% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 740.06 | −0.033% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0068% | 1h | 740.70 | +0.052% | $49K | $80K | 10x | as long as short |
| Lighter META | +0.0096% | 1h | 740.30 | −0.001% | $855K | $2.4M | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.11 | −0.027% | $1.6M | $475K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.45 | −0.116% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.09 | −0.030% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.88 | −0.059% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 739.45 | −0.116% | $609K | $7.2M | 10x | as long as short |
| Hotstuff META-PERP | +0.0128% | 1h | 740.30 | −0.001% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDC | +0.0168% | 4h | 739.75 | −0.076% | $62K | $335K | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 739.56 | −0.101% | $170K | $48K | 30x | as long as short |
| tradeXYZ xyz:METAshort | +0.0249% | 1h | 740.31 | 0.000% | $68.3M | $120.3M | 20x | |
| Phoenix META | +0.0313% | 1h | 740.68 | +0.050% | $394K | $1.1M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Lighter META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
edgeX METAUSDC
Injective META/USDC PERP
Phoenix META