META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.046%

Price spread now: Lighter RH against Arcus+0.073%7-day average +0.034% · 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−$11as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.095%−$9 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.073%, 7d avg +0.034%

Together, before fees−0.182%+ Points / potential airdropLighter RH: Points live · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.039% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	741.22	0.0040	pay 0.0005% / 1h	13m 59s	$110K	$454K	10x
Short	Lighter RH META	741.76	0.0032	get 0.0004% / 1h	13m 59s	$756K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Arcus. 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 ArcusbpFee Lighter RHbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$1.74
Price spread: +0.073% → +0.034%: $3.91
Slippage, 4 orders: −$10.57
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.9
Costs to cover: 0.151%
Break-even: never at this rate

Slippage from Arcus: live order book, 65 min ago; Lighter RH: live order book, 4 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 Arcus live order book, 65 min ago	1.42 bp	3.7 bp −$4	8.5 bp −$85	14.7 bp −$1,466	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.20 bp	2.0 bp −$2	6.9 bp −$69	43.9 bp −$4,394	doesn't fit

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	741.86	+0.086%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	741.02	−0.027%	$385K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.72	+0.067%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.56	+0.046%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.67	+0.061%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.52	+0.040%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.52	+0.040%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.07	−0.020%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.56	+0.046%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	+0.090%	$2.3M	$3.2M	—	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	741.81	+0.079%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.42	+0.027%	$744	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.44	+0.030%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.94	+0.097%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.54	+0.043%	$2.2M	$14.3M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	741.76	+0.073%	$756K	$3.2M	20x
Arcus META-USDlong	+0.0040%	1h	741.22	long leg	$110K	$454K	10x
Vest META-USD-PERP	+0.0046%	1h	741.61	+0.053%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.60	+0.051%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.52	+0.040%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.54	+0.043%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.07	−0.020%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	741.43	+0.029%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.52	+0.176%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	+0.003%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.52	+0.040%	$1.6M	$398K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.25	+0.004%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.46	+0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.47	+0.033%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	+0.074%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.57	+0.047%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0179%	4h	741.82	+0.082%	$62K	$333K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.17	−0.007%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	741.81	+0.080%	$859K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	741.55	+0.045%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0519%	1h	741.54	+0.043%	$30K	$258K	10x	as long as short