META

Alert

Funding spread now, next payment 19:00 UTC+0.0257%/8h

next payment, per $10,000+$0.32paid, last 24h+0.007%paid, last 3 days−0.009%to open and closeno order book

Long on Lighter Short on Aftermath Perps

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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	Lighter META	742.38	0.0040	pay 0.0005% / 1h	48m 59s	$854K	$2.4M	20x
Short	Aftermath Perps METAUSD	742.70	0.0297	get 0.0037% / 1h	48m 59s	$44K	$46K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Aftermath PerpsbpOrdersRate

Funding earned: $54.01
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $45.01
Break-even: 1.2 days

Slippage unknown: Lighter: live order book, 5 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.043%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Lighter live order book, 5 min ago	0.34 bp	0.5 bp $0	2.4 bp −$24	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado META-PERP	−0.0020%	1h	$392K	$173K	20x	as long as short
Aster METAUSDT	0.0000%	8h	$457K	$265K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	$550K	$1.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	$26.8M	$142.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	$7.9M	$10.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	$5.9M	$11.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	$340K	$4.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	$5.7M	$9.0M	100x	as long as short
Variational Omni META	0.0000%	8h	$1.5M	$2.2M	—	as long as short
Phoenix META	0.0000%	1h	$274K	$618K	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	$1K	$9.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	$28K	$266K	10x	as long as short
HTX META-USDT	0.0000%	8h	$105K	$279K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	$2.0M	$6K	10x	as long as short
QFEX META-USD	+0.0026%	1h	$2.0M	$10.9M	10x	as long as short
BloFin META-USDT	+0.0027%	8h	$331K	$957K	20x	as long as short
Lighter RH META	+0.0032%	1h	$689K	$2.8M	20x	as long as short
Lighter METAlong	+0.0040%	1h	$854K	$2.4M	20x
Vest META-USD-PERP	+0.0046%	1h	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	$172K	$184K	20x	as long as short
Coinbase International META-PERP-INTX	+0.0048%	1h	$633K	$6.3M	10x	as long as short
tradeXYZ xyz:META	+0.0050%	1h	$71.3M	$73.5M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	$671K	$520K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	$737K	$3.3M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	—	—	5x	as long as short
Hotstuff META-PERP	+0.0096%	1h	$33K	$105	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	$1.6M	$273K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	$1K	—	10x	as long as short
Aevo META-PERP	+0.0104%	1h	$267	—	10x	as long as short
edgeX METAUSDC	+0.0209%	4h	$62K	$327K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	$169K	$76K	30x	as long as short
Aftermath Perps METAUSDshort	+0.0297%	1h	$44K	$46K	10x
Arcus META-USD	+0.0478%	1h	$269K	$302K	10x	as long as short