Funding you earn now, next payment 01:00 UTC+0.0256%/8h= +28.0% APRpaid last 24h +0.015%
Price spread now: Lighter against Bybit+0.068%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.068%, 7d avg −0.017%
=Together, before fees+0.044%+ Points / potential airdropLighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.084% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METAUSDT | 739.84 | 0 | get 0.0000% / 8h | 7h 47m | $7.5M | $13.8M | 100x |
| Short | Lighter META | 740.34 | 0.0256 | get 0.0032% / 1h | 47m 35s | $856K | $2.4M | 20x |
Bybit METAUSDT
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $53.76
- Price spread: +0.068% → −0.017%
- $8.43
- Slippage, 4 orders
- −$10.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $40.93
- Costs to cover
- 0.213%
- Break-even
- 1.7 days
Slippage from Bybit: live order book, 6 min ago; Lighter: 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 Bybit live order book, 6 min ago | 0.94 bp | 9.2 bp −$9 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.68 bp | 0.7 bp −$1 | 1.6 bp −$16 | doesn't fit | 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 | 740.33 | +0.066% | $327K | $1.1M | 20x | as long as short |
| Phemex METAUSDT | −0.0086% | 4h | 740.78 | +0.127% | $2.0M | $7K | 10x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.94 | +0.149% | $463K | $546K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.92 | +0.010% | $552K | $1.9M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.10 | +0.035% | $27.4M | $178.9M | 20x | as long as short |
| Bybit METAUSDTlong | 0.0000% | 8h | 739.84 | long leg | $7.5M | $13.8M | 100x | |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.11 | +0.036% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.70 | −0.019% | $357K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.15 | +0.042% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.73 | −0.015% | $2.3M | $3.2M | — | as long as short |
BloFin META-USDT
Phemex METAUSDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.20 | +0.049% | $12K | $486K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.28 | +0.059% | $899 | $9.4M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.21 | +0.050% | $106K | $292K | 30x | as long as short |
| Nado META-PERP | +0.0025% | 1h | 739.89 | +0.007% | $382K | $335K | 20x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.25 | +0.055% | $758K | $3.1M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.50 | +0.089% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.88 | +0.005% | $177K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.15 | +0.042% | $558K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.20 | +0.049% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.24 | −0.081% | $735K | $4.3M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.96 | +0.016% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.80 | −0.005% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0068% | 8h | 739.91 | +0.009% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 740.61 | +0.104% | $50K | $77K | 10x | as long as short |
| Hotstuff META-PERP | +0.0080% | 1h | 740.15 | +0.042% | $33K | $105 | 20x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.33 | +0.066% | $1.6M | $415K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.43 | −0.055% | $166K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.37 | +0.072% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.20 | +0.049% | $266 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0109% | 1h | 740.09 | +0.034% | $67.7M | $121.3M | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.59 | −0.034% | $601K | $7.3M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 741.93 | +0.282% | $169K | $46K | 30x | as long as short |
| Lighter METAshort | +0.0256% | 1h | 740.34 | +0.068% | $856K | $2.4M | 20x | |
| Phoenix META | +0.0259% | 1h | 740.16 | +0.043% | $277K | $930K | 20x | as long as short |
| edgeX METAUSDC | +0.0367% | 4h | 740.09 | +0.034% | $62K | $334K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0453% | 1h | 740.52 | +0.092% | $30K | $253K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Nado META-PERP
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
Hotstuff META-PERP
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
tradeXYZ xyz:META
Coinbase International META-PERP-INTX
Injective META/USDC PERP
Phoenix META
edgeX METAUSDC
Deribit META_USDC-PERPETUAL