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 +0.012%

Price spread now: Lighter RH against Aster+0.023%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.023%, 7d avg −0.060%

Together, before fees+0.035%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.083% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster METAUSDT	745.18	0	get 0.0000% / 8h	1h 26m	$479K	$593K	20x
Short	Lighter RH META	745.35	0.0032	get 0.0004% / 1h	26m 36s	$787K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now +0.023%Rate

Funding earned: $6.72
Price spread: +0.023% → −0.060%: $8.28
Slippage, 4 orders: −$63.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$56.57
Costs to cover: 0.716%
Break-even: 65.9 days

Slippage from Aster: live order book, 16 min ago; Lighter RH: live order book, 2 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 Aster live order book, 16 min ago	13.27 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.81 bp	3.5 bp −$3	7.5 bp −$75	46.7 bp −$4,669	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	745.00	−0.024%	$333K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0099%	1h	744.35	−0.111%	$34K	$275K	10x	as long as short
Nado META-PERP	−0.0045%	1h	744.95	−0.031%	$482K	$559K	20x	as long as short
Aster METAUSDTlong	0.0000%	8h	745.18	long leg	$479K	$593K	20x
Extended META_24_5-USD	0.0000%	1h	744.75	−0.057%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.98	−0.026%	$25.0M	$188.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.80	−0.051%	$7.3M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.95	−0.031%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.38	−0.107%	$460K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.04	−0.019%	$5.6M	$12.4M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	744.51	−0.089%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	744.76	−0.057%	$12K	$439K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.79	−0.052%	$699	$8.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.88	−0.040%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.97	−0.028%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.062%	$2.2M	$14.0M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	745.35	+0.023%	$787K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	744.61	−0.076%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.67	+0.066%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.99	−0.025%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.89	−0.039%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.95	−0.031%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.60	−0.078%	$685K	$5.3M	10x	as long as short
Paradex META-USD-PERP	+0.0060%	8h	744.84	−0.046%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.62	+0.059%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	−0.035%	$1.6M	$682K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.47	−0.095%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.86	−0.043%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.75	−0.058%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.060%	$650K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.56	+0.185%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.47	+0.039%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	745.36	+0.024%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0412%	4h	744.66	−0.069%	$62K	$342K	10x	as long as short
tradeXYZ xyz:META	+0.0487%	1h	745.33	+0.020%	$77.6M	$127.8M	20x	as long as short
Phoenix META	+0.0739%	1h	746.25	+0.144%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.02	−0.021%	$13	$46	—	as long as short