META

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.051%

Price spread now: Lighter RH against tradeXYZ+0.015%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on tradeXYZ Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.015%, 7d avg +0.021%

Together, before fees−0.215%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:META	739.53	0.0238	pay 0.0030% / 1h	56m 30s	$86.9M	$136.2M	20x
Short	Lighter RH META	739.64	0.0032	get 0.0004% / 1h	56m 30s	$855K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against tradeXYZ. 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 tradeXYZbpFee Lighter RHbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$43.36
Price spread: +0.015% → +0.021%: −$0.62
Slippage, 4 orders: −$7.12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$69.1
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	0.68 bp	10.0 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.76 bp	2.1 bp −$2	3.8 bp −$38	48.0 bp −$4,800	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	740.15	+0.084%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.01	+0.065%	$337K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.06	+0.071%	$492K	$629K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.22	−0.042%	$547K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.51	−0.003%	$25.2M	$191.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.25	−0.038%	$7.5M	$16.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.60	+0.009%	$6.0M	$13.1M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.31	−0.030%	$470K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.58	+0.007%	$5.9M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.11	+0.078%	$2.6M	$3.2M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	740.22	+0.093%	$12K	$423K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.86	+0.045%	$954	$6.8M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.06	−0.064%	$108K	$309K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.01	+0.065%	$2.0M	$9K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0021%	1h	739.02	−0.069%	$36K	$209K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	739.64	+0.015%	$855K	$2.8M	20x
Vest META-USD-PERP	+0.0046%	1h	739.57	+0.005%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.47	−0.008%	$178K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.19	−0.046%	$557K	$590K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.54	+0.001%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.52	−0.001%	$754K	$5.1M	10x	as long as short
QFEX META-USD	+0.0056%	1h	739.30	−0.031%	$2.2M	$14.0M	10x	as long as short
Paradex META-USD-PERP	+0.0069%	8h	739.14	−0.053%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0079%	1h	740.03	+0.068%	$53K	$86K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0088%	1h	738.78	−0.101%	$643K	$7.3M	10x	as long as short
Nado META-PERP	+0.0097%	1h	739.00	−0.071%	$474K	$536K	20x	as long as short
Pacifica META	+0.0100%	1h	739.00	−0.072%	$612	$3K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.58	+0.007%	$1.6M	$931K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.22	−0.042%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.59	+0.008%	$1K	$338	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.49	−0.006%	$266	—	10x	as long as short
Arcus META-USD	+0.0209%	1h	739.05	−0.065%	$111K	$291K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.41	+0.254%	$167K	$61K	30x	as long as short
tradeXYZ xyz:METAlong	+0.0238%	1h	739.53	long leg	$86.9M	$136.2M	20x
Lighter META	+0.0328%	1h	739.69	+0.022%	$1.2M	$2.6M	20x	as long as short
Phoenix META	+0.0613%	1h	740.77	+0.168%	$791K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0845%	4h	739.97	+0.060%	$62K	$348K	10x	as long as short