META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against Nado+0.081%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.135%+$13 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.081%, 7d avg +0.012%

Together, before fees+0.181%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$18 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 Lighter is 0.068% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	739.78	0.0016	pay 0.0002% / 1h	53m 06s	$384K	$334K	20x
Short	Lighter META	740.38	0.0248	get 0.0031% / 1h	53m 06s	$856K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.081%Rate

Funding earned: $48.73
Price spread: +0.081% → +0.012%: $6.85
Slippage, 4 orders: −$18.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $29.76
Costs to cover: 0.258%
Break-even: 2.7 days

Slippage from Nado: live order book, 20 min ago; Lighter: live order book, 4 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 Nado live order book, 20 min ago	0.41 bp	13.5 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.61 bp	0.6 bp −$1	1.0 bp −$10	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	740.22	+0.059%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.89	+0.149%	$461K	$545K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.08	+0.041%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.20	+0.056%	$27.4M	$179.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.18	+0.054%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.20	+0.056%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.89	+0.014%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.14	+0.048%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	740.51	+0.098%	$2.3M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.74	+0.129%	$12K	$484K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.04	+0.035%	$850	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.07	+0.039%	$106K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.92	+0.154%	$2.0M	$7K	10x	as long as short
Nado META-PERPlong	+0.0016%	1h	739.78	long leg	$384K	$334K	20x
Lighter RH META	+0.0032%	1h	740.32	+0.073%	$758K	$3.1M	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.31	+0.071%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.21	+0.058%	$178K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	+0.023%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.08	+0.040%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.36	−0.057%	$746K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.99	+0.028%	$2.2M	$14.2M	10x	as long as short
Hotstuff META-PERP	+0.0056%	1h	739.80	+0.002%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0063%	1h	740.08	+0.040%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0071%	8h	739.81	+0.003%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.59	+0.109%	$49K	$77K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.28	+0.067%	$1.6M	$411K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.19	+0.055%	$166K	$73K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.19	+0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.01	+0.031%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0121%	1h	739.92	+0.019%	$67.6M	$121.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0129%	1h	739.93	+0.020%	$30K	$253K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	740.11	+0.044%	$602K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.31	+0.071%	$168K	$46K	30x	as long as short
Lighter METAshort	+0.0248%	1h	740.38	+0.081%	$856K	$2.4M	20x
Phoenix META	+0.0259%	1h	740.67	+0.120%	$287K	$930K	20x	as long as short
edgeX METAUSDC	+0.0751%	4h	740.87	+0.146%	$62K	$332K	10x	as long as short