META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.009%

Price spread now: Lighter RH against Deribit+0.082%7-day average +0.069% · 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−$17as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Deribit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.082%, 7d avg +0.069%

Together, before fees−0.072%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	746.23	0	get 0.0000% / 1h	7m 29s	$34K	$276K	10x
Short	Lighter RH META	746.84	0.0040	get 0.0005% / 1h	7m 29s	$797K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Deribit. 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 DeribitbpFee Lighter RHbpOrdersPrice spread, now +0.082%Rate

Funding earned: $8.4
Price spread: +0.082% → +0.069%: $1.28
Slippage, 4 orders: −$10.92
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.23
Costs to cover: 0.179%
Break-even: 13.9 days

Slippage from Deribit: live order book, 31 min ago; Lighter RH: live order book, 6 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 Deribit live order book, 31 min ago	0.07 bp	10.3 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.74 bp	1.8 bp −$2	7.5 bp −$75	45.7 bp −$4,569	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	746.93	+0.094%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.50	+0.036%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.40	+0.023%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.64	+0.055%	$25.4M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.58	+0.047%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.67	+0.059%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.25	+0.003%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.63	+0.054%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.132%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.23	+0.134%	$12K	$439K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	746.78	+0.074%	$884	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	746.23	long leg	$34K	$276K	10x
HTX META-USDT	0.0000%	8h	746.51	+0.038%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.147%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.17	−0.008%	$481K	$561K	20x	as long as short
QFEX META-USD	+0.0031%	1h	746.54	+0.042%	$2.2M	$14.1M	10x	as long as short
Lighter RH METAshort	+0.0040%	1h	746.84	+0.082%	$797K	$3.1M	20x
Arcus META-USD	+0.0040%	1h	746.69	+0.062%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.21	+0.131%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.28	+0.007%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.78	+0.074%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.25	+0.003%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.43	+0.027%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	746.71	+0.064%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.44	+0.163%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	+0.059%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.79	+0.075%	$1.6M	$727K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.55	+0.043%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.77	+0.072%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.64	+0.055%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	+0.075%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	750.24	+0.537%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.01	+0.105%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.99	+0.102%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0564%	1h	747.19	+0.129%	$83.7M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	747.82	+0.213%	$798K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.140%	$62K	$344K	10x	as long as short