Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.004%

Price spread now: Lighter RH against OKX+0.075%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$180.183% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.075%, 7d avg −0.015%

Together, before fees+0.059%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.090% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	746.01	0	get 0.0000% / 8h	1h 00m	$6.0M	$12.7M	20x
Short	Lighter RH META	746.57	0.0032	get 0.0004% / 1h	0m 19s	$787K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now +0.075%Rate

Funding earned: $6.72
Price spread: +0.075% → −0.015%: $9.02
Slippage, 4 orders: −$8.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$2.56
Costs to cover: 0.183%
Break-even: 9.7 days

Slippage from OKX: live order book, 3 min ago; Lighter RH: 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 OKX live order book, 3 min ago	0.81 bp	6.3 bp −$6	19.4 bp −$194	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.54 bp	1.7 bp −$2	5.9 bp −$59	44.1 bp −$4,409	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	745.84	−0.023%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0026%	1h	745.22	−0.106%	$481K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.92	−0.012%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.05	+0.005%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.15	+0.019%	$24.9M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.00	−0.001%	$7.4M	$15.4M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	746.01	long leg	$6.0M	$12.7M	20x
Gate META_USDT	0.0000%	8h	745.21	−0.107%	$463K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.71	−0.040%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	745.62	−0.052%	$2.4M	$3.1M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.66	−0.047%	$12K	$436K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.91	−0.013%	$973	$8.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.95	−0.008%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.80	−0.028%	$106K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.99	−0.003%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.69	−0.043%	$2.2M	$13.8M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	746.57	+0.075%	$787K	$3.1M	20x
Arcus META-USD	+0.0040%	1h	745.33	−0.091%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.27	+0.035%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.87	−0.019%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.72	−0.039%	$565K	$597K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.88	−0.017%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.05	−0.129%	$696K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	745.46	−0.074%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.34	+0.044%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.48	−0.071%	$1.6M	$702K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	−0.133%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.11	+0.013%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.05	+0.005%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.25	−0.102%	$649K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	+0.158%	$172K	$46K	30x	as long as short
Hotstuff META-PERP	+0.0376%	1h	746.01	0.000%	$33K	$105	20x	as long as short
Lighter META	+0.0392%	1h	746.31	+0.040%	$1.1M	$2.8M	20x	as long as short
tradeXYZ xyz:META	+0.0495%	1h	746.57	+0.075%	$78.8M	$128.3M	20x	as long as short
edgeX METAUSDC	+0.0528%	4h	745.48	−0.071%	$62K	$345K	10x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.063%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.36	−0.087%	$13	$106	10x	as long as short