Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.010%
Price spread now: Lighter RH against Hotstuff+0.008%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHotstuff: Active · Lighter RH: Points live · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | Hotstuff META-PERP | 740.15 | 0.0080 | pay 0.0010% / 1h | 47m 19s | $33K | $105 | 20x |
| Short | Lighter RH META | 740.21 | 0.0032 | get 0.0004% / 1h | 47m 19s | $758K | $3.1M | 20x |
Hotstuff META-PERP
Lighter RH METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hotstuff. 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
- −$10.08
- Price spread: +0.008% → 0.000%
- $0.81
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$14.27
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Lighter RH: live order book, 1 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 1 min ago | 1.62 bp | 2.2 bp −$2 | 4.8 bp −$48 | 49.0 bp −$4,902 | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex METAUSDT | −0.0167% | 4h | 740.41 | +0.035% | $2.0M | $7K | 10x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 740.01 | −0.019% | $327K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.94 | +0.106% | $463K | $548K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.94 | −0.029% | $551K | $1.9M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.12 | −0.004% | $27.4M | $178.8M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.07 | −0.011% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.71 | −0.059% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.61 | −0.073% | $357K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.90 | −0.034% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.73 | −0.057% | $2.3M | $3.2M | — | as long as short |
Phemex METAUSDT
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit 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 | 740.23 | +0.011% | $12K | $482K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.09 | −0.008% | $742 | $9.4M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.85 | −0.041% | $106K | $292K | 30x | as long as short |
| Nado META-PERP | +0.0027% | 1h | 739.62 | −0.071% | $381K | $335K | 20x | as long as short |
| Lighter RH METAshort | +0.0032% | 1h | 740.21 | +0.008% | $758K | $3.1M | 20x | |
| Vest META-USD-PERP | +0.0046% | 1h | 740.29 | +0.019% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.88 | −0.036% | $177K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.69 | −0.062% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.82 | −0.045% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.24 | −0.123% | $735K | $4.3M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.96 | −0.026% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.80 | −0.047% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0068% | 8h | 739.91 | −0.033% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 740.58 | +0.058% | $49K | $78K | 10x | as long as short |
| Hotstuff META-PERPlong | +0.0080% | 1h | 740.15 | long leg | $33K | $105 | 20x | |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.13 | −0.003% | $1.6M | $415K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.96 | −0.026% | $166K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.15 | 0.000% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.98 | −0.023% | $266 | — | 10x | as long as short |
| tradeXYZ xyz:META | +0.0107% | 1h | 739.74 | −0.055% | $67.6M | $121.3M | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.59 | −0.076% | $601K | $7.3M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 739.48 | −0.091% | $168K | $46K | 30x | as long as short |
| Lighter META | +0.0256% | 1h | 740.26 | +0.015% | $856K | $2.4M | 20x | as long as short |
| Phoenix META | +0.0259% | 1h | 740.16 | +0.001% | $277K | $930K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.0264% | 1h | 739.93 | −0.030% | $30K | $250K | 10x | as long as short |
| edgeX METAUSDC | +0.0367% | 4h | 740.09 | −0.008% | $62K | $334K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Nado META-PERP
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
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
Lighter META
Phoenix META
Deribit META_USDC-PERPETUAL
edgeX METAUSDC