Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.008%

Price spread now: Lighter RH against Bitget+0.048%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.048%, 7d avg −0.018%

Together, before fees+0.075%+ Points / potential airdropLighter RH: Points live · farm board+$8 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 0.067% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	745.33	0	get 0.0000% / 8h	1h 41m	$5.5M	$12.2M	100x
Short	Lighter RH META	745.69	0.0040	get 0.0005% / 1h	41m 52s	$787K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.048%Rate

Funding earned: $8.4
Price spread: +0.048% → −0.018%: $6.67
Slippage, 4 orders: −$8.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.1
Costs to cover: 0.202%
Break-even: 11.3 days

Slippage from Bitget: live order book, 2 min ago; Lighter RH: live order book, 1 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 Bitget live order book, 2 min ago	0.54 bp	6.9 bp −$7	8.9 bp −$89	35.3 bp −$3,528	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.81 bp	2.0 bp −$2	4.7 bp −$47	40.9 bp −$4,092	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	745.38	+0.007%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0023%	1h	745.00	−0.044%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.58	+0.034%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.17	−0.022%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.29	−0.005%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.22	−0.015%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.38	+0.007%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.69	−0.086%	$457K	$6.1M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	745.33	long leg	$5.5M	$12.2M	100x
Variational Omni META	0.0000%	8h	745.37	+0.006%	$2.4M	$3.3M	—	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	745.59	+0.035%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.21	−0.016%	$624	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.02	−0.042%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.14	−0.025%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.94	+0.082%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.16	−0.023%	$2.2M	$13.9M	10x	as long as short
Lighter RH METAshort	+0.0040%	1h	745.69	+0.048%	$787K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	745.01	−0.043%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.65	+0.043%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.38	+0.007%	$177K	$205K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.96	−0.050%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.001%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.052%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.24	−0.013%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0086%	1h	746.39	+0.142%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.45	+0.016%	$1.6M	$672K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.66	−0.090%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.42	+0.012%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.21	−0.017%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	+0.013%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.64	+0.444%	$173K	$46K	30x	as long as short
Lighter META	+0.0392%	1h	745.84	+0.068%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0408%	1h	745.69	+0.048%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0537%	1h	745.67	+0.046%	$77.0M	$127.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	+0.154%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	745.37	+0.005%	$62K	$345K	10x	as long as short