META

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.053%

Price spread now: Lighter RH against Injective−0.426%67s7-day average −0.280% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.590% of the position

Long on Injective Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.426%, 7d avg −0.280%

Together, before fees−0.106%+ Points / potential airdropLighter RH: Points live · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.146% cheaper against Injective than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.280%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective META/USDC PERP	748.64	0.0220	pay 0.0028% / 1h	40m 19s	$173K	$46K	30x
Short	Lighter RH META	745.45	0.0032	get 0.0004% / 1h	40m 19s	$787K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Injective. 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 InjectivebpFee Lighter RHbpOrdersPrice spread, now −0.426%Rate

Funding earned: −$39.48
Price spread: −0.426% → −0.280%: −$14.57
Slippage, 4 orders: −$58.95
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$113.02
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from Injective: live order book, 3 min ago; Lighter RH: live order book, 3 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 Injective live order book, 3 min ago	17.28 bp	17.3 bp −$17	9880.1 bp −$98.8K	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.81 bp	2.0 bp −$2	4.7 bp −$47	40.9 bp −$4,092	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	745.33	−0.442%	$334K	$1.1M	20x	as long as short
Nado META-PERP	−0.0020%	1h	744.87	−0.503%	$482K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.64	−0.401%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.03	−0.483%	$552K	$2.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.16	−0.465%	$25.3M	$187.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.90	−0.500%	$7.3M	$15.2M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.18	−0.462%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.66	−0.532%	$457K	$6.1M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.19	−0.461%	$5.5M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	745.20	−0.459%	$2.4M	$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	745.43	−0.429%	$13K	$438K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.05	−0.480%	$563	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.77	−0.517%	$34K	$274K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.91	−0.498%	$106K	$307K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.27	−0.450%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.98	−0.489%	$2.2M	$13.9M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	745.45	−0.426%	$787K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	744.94	−0.494%	$109K	$333K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.59	−0.407%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.19	−0.461%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.87	−0.504%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.14	−0.468%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.494%	$711K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	745.09	−0.474%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.39	−0.301%	$52K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.30	−0.446%	$1.6M	$673K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.66	−0.532%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.25	−0.453%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.07	−0.477%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.43	−0.429%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERPlong	+0.0220%	1h	748.64	long leg	$173K	$46K	30x
Lighter META	+0.0384%	1h	745.57	−0.410%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0400%	1h	745.60	−0.406%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0531%	1h	745.66	−0.398%	$77.1M	$127.2M	20x	as long as short
Phoenix META	+0.0739%	1h	746.48	−0.289%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0795%	4h	745.37	−0.437%	$62K	$345K	10x	as long as short