META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter RH against SoDEX+0.036%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Lighter RH is 0.036% dearer against SoDEX than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	740.22	0.0050	pay 0.0006% / 1h	17m 00s	$24K	$3K	10x
Short	Lighter RH META	740.49	0.0032	get 0.0004% / 1h	17m 00s	$750K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SoDEX. 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 SoDEXbpFee Lighter RHbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$3.78
Price spread: +0.036% → 0.000%: $3.65
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.13
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Lighter RH: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 1 min ago	1.42 bp	1.8 bp −$2	4.6 bp −$46	44.4 bp −$4,439	doesn't fit

SoDEX: 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 35 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
Nado META-PERP	−0.0121%	1h	739.94	−0.038%	$478K	$549K	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.67	+0.060%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.03	−0.026%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.21	−0.002%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.03	−0.026%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.25	+0.004%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.95	−0.036%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	+0.008%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.21	−0.001%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.16	−0.008%	$12K	$433K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	740.06	−0.022%	$1K	$9.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.60	−0.084%	$31K	$244K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.09	−0.018%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.79	+0.077%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.08	−0.019%	$2.2M	$13.9M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	740.49	+0.036%	$750K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	739.78	−0.059%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.39	+0.023%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.19	−0.004%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.95	−0.036%	$557K	$776K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	740.22	long leg	$24K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	739.51	−0.096%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	740.00	−0.029%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	740.89	+0.090%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.25	+0.004%	$1.6M	$485K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.74	−0.065%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.10	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.07	−0.021%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.66	+0.059%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0136%	1h	740.41	+0.026%	$860K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0136%	1h	740.28	+0.008%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.42	+0.297%	$171K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0246%	1h	740.28	+0.008%	$68.4M	$120.0M	20x	as long as short
Phoenix META	+0.0313%	1h	740.85	+0.085%	$434K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	739.98	−0.033%	$62K	$336K	10x	as long as short