Funding you earn now, next payment 06:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h −0.020%
Price spread now: Hotstuff against Lighter+0.021%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hotstuff is 0.021% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 | Lighter META | 745.76 | 0.0360 | pay 0.0045% / 1h | 47m 43s | $983K | $2.5M | 20x |
| Short | Hotstuff META-PERP | 745.92 | 0.0472 | get 0.0059% / 1h | 47m 43s | $33K | $105 | 20x |
Lighter META
Hotstuff META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Lighter. 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
- $23.52
- Price spread: +0.021% → 0.000%
- $2.15
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $20.67
- Costs to cover
- 0.050%
- Break-even
- 0.8 days
Slippage unknown: Lighter: live order book, 4 min ago; Hotstuff: no order-book sample. 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 Lighter live order book, 4 min ago | 0.74 bp | 0.8 bp −$1 | 1.6 bp −$16 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 745.42 | −0.046% | $333K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.39 | +0.085% | $492K | $577K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.30 | −0.062% | $547K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.49 | −0.036% | $28.3M | $181.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.36 | −0.054% | $7.4M | $14.9M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.46 | −0.040% | $6.0M | $12.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.92 | −0.113% | $430K | $5.9M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.99 | +0.031% | $2.4M | $3.2M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.12 | +0.048% | $12K | $448K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.56 | −0.027% | $775 | $8.5M | 20x | as long as short |
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.88 | −0.118% | $31K | $255K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.25 | −0.068% | $106K | $305K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.15 | +0.052% | $2.0M | $8K | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.39 | −0.050% | $111K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.43 | −0.044% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 745.24 | −0.070% | $2.2M | $13.7M | 10x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.91 | −0.114% | $586K | $564K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.36 | −0.054% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.71 | −0.141% | $759K | $4.5M | 10x | as long as short |
| Nado META-PERP | +0.0054% | 1h | 744.80 | −0.128% | $481K | $557K | 20x | as long as short |
| Lighter RH META | +0.0056% | 1h | 745.66 | −0.013% | $768K | $2.9M | 20x | as long as short |
| Bitget METAUSDT | +0.0067% | 8h | 745.73 | −0.004% | $5.5M | $11.9M | 100x | as long as short |
| Paradex META-USD-PERP | +0.0075% | 8h | 745.27 | −0.066% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0087% | 1h | 746.05 | +0.039% | $52K | $82K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.59 | −0.023% | $1.6M | $633K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.03 | −0.098% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.36 | −0.054% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.30 | −0.062% | $268 | — | 10x | as long as short |
| Popdex METAUSDT | +0.0120% | 1h | 745.44 | −0.043% | $179K | $199K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 746.41 | +0.087% | $671K | $7.6M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.43 | +0.358% | $173K | $46K | 30x | as long as short |
| Lighter METAlong | +0.0360% | 1h | 745.76 | long leg | $983K | $2.5M | 20x | |
| Hotstuff META-PERPshort | +0.0472% | 1h | 745.92 | +0.021% | $33K | $105 | 20x | |
| tradeXYZ xyz:META | +0.0524% | 1h | 745.65 | −0.015% | $72.4M | $122.7M | 20x | as long as short |
| edgeX METAUSDC | +0.0524% | 4h | 745.99 | +0.031% | $62K | $339K | 10x | as long as short |
| Phoenix META | +0.0685% | 1h | 746.70 | +0.126% | $797K | $1.4M | 20x | as long as short |
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Nado META-PERP
Lighter RH META
Bitget METAUSDT
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Popdex METAUSDT
Coinbase International META-PERP-INTX
Injective META/USDC PERP
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META