META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter RH against Popdex+0.008%7-day average +0.002% · 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−$13as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Popdex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.008%, 7d avg +0.002%

Together, before fees−0.102%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex METAUSDT	747.53	0.0064	pay 0.0008% / 1h	12m 50s	$178K	$202K	20x
Short	Lighter RH META	747.59	0.0040	get 0.0005% / 1h	12m 50s	$797K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Popdex. 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 PopdexbpFee Lighter RHbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$5.04
Price spread: +0.008% → +0.002%: $0.59
Slippage, 4 orders: −$6.98
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.82
Costs to cover: 0.134%
Break-even: never at this rate

Slippage from Popdex: live order book, 26 min ago; Lighter RH: live order book, 5 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 Popdex live order book, 26 min ago	0.87 bp	5.7 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.34 bp	1.5 bp −$2	7.9 bp −$79	47.1 bp −$4,706	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	747.65	+0.016%	$334K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.85	−0.091%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.38	−0.020%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.51	−0.003%	$25.4M	$189.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.36	−0.023%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.51	−0.003%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.06	−0.063%	$475K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	747.50	−0.004%	$5.6M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	746.46	−0.143%	$2.5M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.41	−0.016%	$12K	$439K	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	747.85	+0.043%	$846	$8.0M	20x	as long as short
HTX META-USDT	0.0000%	8h	747.47	−0.008%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.52	−0.001%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0017%	1h	746.84	−0.092%	$482K	$560K	20x	as long as short
QFEX META-USD	+0.0031%	1h	747.56	+0.004%	$2.2M	$14.1M	10x	as long as short
Lighter RH METAshort	+0.0040%	1h	747.59	+0.008%	$797K	$3.1M	20x
Arcus META-USD	+0.0040%	1h	746.97	−0.075%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.92	+0.052%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	747.14	−0.052%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.52	−0.001%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	747.23	−0.040%	$735K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	747.23	−0.040%	—	—	5x	as long as short
Popdex METAUSDTlong	+0.0064%	1h	747.53	long leg	$178K	$202K	20x
Aftermath Perps METAUSD	+0.0087%	1h	747.84	+0.041%	$48K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	−0.115%	$37	$368	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.11	−0.056%	$1.6M	$723K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.69	−0.112%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.30	−0.031%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	747.27	−0.035%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	747.27	−0.035%	$643K	$7.9M	10x	as long as short
edgeX METAUSDC	+0.0185%	4h	747.20	−0.044%	$62K	$346K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0192%	1h	747.06	−0.063%	$34K	$276K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.10	+0.076%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.72	+0.025%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0488%	1h	747.74	+0.028%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0573%	1h	747.75	+0.029%	$83.4M	$131.5M	20x	as long as short
Phoenix META	+0.0750%	1h	748.05	+0.070%	$799K	$1.5M	20x	as long as short