META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0384%/8h= +42.0% APRnext payment +$0.48 per $10,000 · paid last 24h −0.059%

Price spread now: Lighter against Extended+0.076%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.296%+$30 · spread now +0.076%, 7d avg −0.008%

Together, before fees+0.287%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.085% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. 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	Extended META_24_5-USD	745.26	0	get 0.0000% / 1h	44m 29s	$547K	$2.7M	17x
Short	Lighter META	745.83	0.0384	get 0.0048% / 1h	44m 29s	$984K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.076%Rate

Funding earned: $80.64
Price spread: +0.076% → −0.008%: $8.45
Slippage, 4 orders: −$7.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $76.33
Costs to cover: 0.128%
Break-even: 0.4 days

Slippage from Extended: live order book, 4 min ago; Lighter: live order book, 7 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 Extended live order book, 4 min ago	0.54 bp	5.5 bp −$5	41.5 bp −$415	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.74 bp	0.9 bp −$1	2.1 bp −$21	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	745.65	+0.052%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.87	+0.082%	$492K	$577K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	745.26	long leg	$547K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	745.35	+0.012%	$28.2M	$181.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.40	+0.018%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.60	+0.045%	$6.0M	$12.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.11	−0.020%	$435K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.64	+0.051%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.37	+0.014%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.81	+0.073%	$823	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX META-USDT	0.0000%	8h	745.54	+0.037%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.91	+0.087%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.20	−0.008%	$111K	$331K	10x	as long as short
Bitget METAUSDT	+0.0044%	8h	745.52	+0.035%	$5.4M	$11.9M	100x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.44	+0.024%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.37	+0.014%	$2.2M	$13.7M	10x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.92	−0.046%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.62	+0.048%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.80	−0.062%	$758K	$4.5M	10x	as long as short
Nado META-PERP	+0.0055%	1h	745.09	−0.023%	$482K	$556K	20x	as long as short
Lighter RH META	+0.0056%	1h	745.76	+0.067%	$770K	$2.9M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0072%	1h	745.25	−0.002%	$31K	$256K	10x	as long as short
Paradex META-USD-PERP	+0.0079%	8h	745.41	+0.020%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.138%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.65	+0.052%	$1.6M	$634K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.41	−0.114%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.044%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	+0.028%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.154%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0136%	1h	745.35	+0.012%	$179K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.425%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0361%	4h	745.34	+0.011%	$62K	$340K	10x	as long as short
Lighter METAshort	+0.0384%	1h	745.83	+0.076%	$984K	$2.5M	20x
Hotstuff META-PERP	+0.0448%	1h	745.76	+0.067%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0522%	1h	745.75	+0.065%	$72.5M	$122.9M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.193%	$797K	$1.4M	20x	as long as short