META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Lighter RH against Nado+0.096%7-day average +0.043% · 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−$16as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.115%+$11 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.096%, 7d avg +0.043%

Together, before fees+0.148%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.053% dearer against Nado than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	744.36	0.0081	pay 0.0010% / 1h	52m 06s	$480K	$560K	20x
Short	Lighter RH META	745.08	0.0080	get 0.0010% / 1h	52m 06s	$787K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$0.19
Price spread: +0.096% → +0.043%: $5.31
Slippage, 4 orders: −$14
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.87
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Nado: live order book, 51 min ago; Lighter RH: live order book, 1 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, 51 min ago	0.87 bp	11.5 bp −$11	95.8 bp −$958	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.61 bp	2.1 bp −$2	8.1 bp −$81	47.0 bp −$4,697	doesn't fit

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
BloFin META-USDT	−0.0120%	8h	745.06	+0.094%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.61	+0.167%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.66	+0.040%	$547K	$2.2M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.86	+0.067%	$25.2M	$188.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.80	+0.059%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.74	+0.051%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.26	−0.014%	$464K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.72	+0.048%	$5.5M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.61	+0.167%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.24	+0.117%	$13K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	744.86	+0.067%	$947	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.41	+0.006%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.63	+0.036%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.56	+0.161%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.76	+0.053%	$2.2M	$13.8M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.02	+0.088%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.08	+0.096%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.48	+0.016%	$564K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.76	+0.053%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.45	+0.012%	$723K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	744.53	+0.023%	—	—	5x	as long as short
Lighter RH METAshort	+0.0080%	1h	745.08	+0.096%	$787K	$3.1M	20x
Nado META-PERPlong	+0.0081%	1h	744.36	long leg	$480K	$560K	20x
Aftermath Perps METAUSD	+0.0087%	1h	745.64	+0.171%	$52K	$81K	10x	as long as short
Pacifica META	+0.0100%	1h	744.92	+0.075%	$13	$106	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.91	+0.073%	$1.6M	$706K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.34	+0.131%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.78	+0.056%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.74	+0.051%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.65	+0.038%	$654K	$7.9M	10x	as long as short
Popdex METAUSDT	+0.0120%	1h	744.76	+0.053%	$177K	$203K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.52	+0.558%	$173K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0352%	1h	745.35	+0.133%	$33K	$105	20x	as long as short
Lighter META	+0.0488%	1h	745.32	+0.128%	$1.1M	$2.9M	20x	as long as short
tradeXYZ xyz:META	+0.0542%	1h	745.15	+0.106%	$80.4M	$129.1M	20x	as long as short
Phoenix META	+0.0750%	1h	746.46	+0.282%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0945%	4h	746.02	+0.223%	$62K	$343K	10x	as long as short