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 —

Price spread now: Lighter RH against Paradex+0.061%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. Lighter RH is 0.061% dearer against Paradex than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex META-USD-PERP	745.88	0.0064	pay 0.0064% / 8h	1h 54m	—	—	5x
Short	Lighter RH META	746.33	0.0032	get 0.0004% / 1h	54m 16s	$788K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$6.73
Price spread: +0.061% → 0.000%: $6.09
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.64
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	0.74 bp	2.2 bp −$2	6.7 bp −$67	45.8 bp −$4,578	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	745.99	+0.015%	$332K	$1.1M	20x	as long as short
Nado META-PERP	−0.0047%	1h	745.61	−0.036%	$483K	$557K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.78	−0.013%	$479K	$592K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.79	−0.012%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.95	+0.010%	$27.0M	$184.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.03	+0.021%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.08	+0.027%	$6.1M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.32	−0.075%	$435K	$6.0M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.92	+0.006%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.55	−0.043%	$2.4M	$3.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.83	−0.006%	$12K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.70	−0.024%	$576	$8.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.78	−0.013%	$31K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.64	−0.032%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	746.02	+0.019%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.76	−0.016%	$2.2M	$13.9M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	746.33	+0.061%	$788K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	745.44	−0.058%	$110K	$332K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.07	+0.026%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.88	+0.001%	$178K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.45	−0.057%	$587K	$567K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.90	+0.003%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.59	−0.038%	$711K	$5.1M	10x	as long as short
Paradex META-USD-PERPlong	+0.0064%	8h	745.88	long leg	—	—	5x
Aftermath Perps METAUSD	+0.0084%	1h	746.60	+0.097%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.81	−0.009%	$1.6M	$664K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.09	−0.105%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.90	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.75	−0.017%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.35	−0.071%	$670K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	753.11	+0.970%	$174K	$46K	30x	as long as short
Lighter META	+0.0352%	1h	746.50	+0.084%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0560%	1h	746.49	+0.082%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0567%	1h	746.22	+0.046%	$76.7M	$126.3M	20x	as long as short
Phoenix META	+0.0685%	1h	746.90	+0.137%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0887%	4h	745.56	−0.043%	$62K	$341K	10x	as long as short