META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter RH against Coinbase International+0.058%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

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

costs, in and out, $10k−$200.203% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.058%, 7d avg +0.115%

Together, before fees+0.069%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.057% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.115%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	739.31	0.0144	pay 0.0018% / 1h	23m 22s	$613K	$7.3M	10x
Short	Lighter RH META	739.74	0.0032	get 0.0004% / 1h	23m 22s	$750K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Coinbase International. 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 Coinbase InternationalbpFee Lighter RHbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$23.52
Price spread: +0.058% → +0.115%: −$5.69
Slippage, 4 orders: −$10.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$49.52
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 6 min ago	2.03 bp	7.8 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.30 bp	2.3 bp −$2	4.5 bp −$45	45.1 bp −$4,510	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	739.51	+0.027%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	739.27	−0.006%	$423K	$391K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.71	+0.054%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.48	+0.023%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.64	+0.045%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.65	+0.046%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.68	+0.050%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.026%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	+0.023%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.009%	$2.3M	$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	739.70	+0.053%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.82	+0.069%	$908	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.10	−0.028%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.44	+0.018%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.67	+0.049%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	739.74	+0.058%	$750K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	739.88	+0.077%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.67	+0.049%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.42	+0.015%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.50	+0.026%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.062%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.52	+0.028%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.026%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.32	+0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.17	+0.117%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.73	+0.057%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.020%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.67	+0.049%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.58	+0.037%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.45	+0.018%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXlong	+0.0144%	1h	739.31	long leg	$613K	$7.3M	10x
tradeXYZ xyz:META	+0.0167%	1h	739.63	+0.043%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.302%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.74	+0.058%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.095%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	+0.046%	$62K	$334K	10x	as long as short