META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.134%

Price spread now: Lighter RH against Extended+0.054%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$160.157% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.054%, 7d avg +0.034%

Together, before fees−0.087%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$9 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 0.020% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended META_24_5-USD	739.39	0	get 0.0000% / 1h	22m 50s	$550K	$2.7M	17x
Short	Lighter RH META	739.79	0.0032	get 0.0004% / 1h	22m 50s	$750K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.054%Rate

Funding earned: $6.72
Price spread: +0.054% → +0.034%: $2
Slippage, 4 orders: −$10.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.96
Costs to cover: 0.157%
Break-even: 14.3 days

Slippage from Extended: live order book, 1 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 Extended live order book, 1 min ago	0.54 bp	5.5 bp −$6	29.0 bp −$290	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	+0.017%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	739.27	−0.016%	$423K	$391K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.74	+0.048%	$466K	$549K	20x	as long as short
Extended META_24_5-USDlong	0.0000%	1h	739.39	long leg	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	739.56	+0.023%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.67	+0.038%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.59	+0.027%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.14	−0.033%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.47	+0.011%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.020%	$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	+0.042%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.82	+0.059%	$908	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.10	−0.039%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.44	+0.007%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.67	+0.038%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	739.79	+0.054%	$750K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	739.88	+0.067%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.67	+0.038%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.42	+0.004%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.50	+0.015%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.073%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.52	+0.018%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.036%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.32	−0.009%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.17	+0.106%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.59	+0.027%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.031%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.67	+0.038%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.58	+0.026%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.45	+0.008%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.010%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.54	+0.021%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.291%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.77	+0.052%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.084%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	+0.036%	$62K	$334K	10x	as long as short