Funding you earn now, next payment 02:00 UTC−0.0276%/8h= −30.3% APRnext payment −$0.35 per $10,000 · paid last 24h −0.023%
Price spread now: Nado against Lighter−0.040%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 3 days (all we have)−0.138%−$14 on $10k
+Price spread, last 3 days (all we have)−0.078%−$8 · spread now −0.040%, 7d avg −0.012%
=Together, before fees−0.216%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Nado is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter META | 740.64 | 0.0056 | pay 0.0007% / 1h | 56m 21s | $857K | $2.4M | 20x |
| Short | Nado META-PERP | 740.34 | −0.0220 | pay 0.0028% / 1h | 56m 21s | $491K | $531K | 20x |
Lighter META
Nado META-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$58.04
- Price spread: −0.040% → −0.012%
- −$2.86
- Slippage, 4 orders
- −$13.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$81.86
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 12 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 Lighter live order book, 6 min ago | 0.74 bp | 0.9 bp −$1 | 2.4 bp −$24 | doesn't fit | doesn't fit |
| Sell Nado live order book, 12 min ago | 0.88 bp | 13.4 bp −$13 | 30.7 bp −$307 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERPshort | −0.0220% | 1h | 740.34 | −0.040% | $491K | $531K | 20x | |
| Deribit META_USDC-PERPETUAL | −0.0155% | 1h | 739.89 | −0.101% | $30K | $246K | 10x | as long as short |
| BloFin META-USDT | −0.0120% | 8h | 740.46 | −0.024% | $325K | $1.1M | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.45 | −0.026% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 740.23 | −0.055% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.44 | −0.028% | $27.4M | $179.9M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.41 | −0.031% | $7.5M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.19 | −0.061% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 740.19 | −0.061% | $351K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.43 | −0.028% | $5.6M | $11.3M | 100x | as long as short |
Deribit META_USDC-PERPETUAL
BloFin META-USDT
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni META | 0.0000% | 8h | 740.37 | −0.036% | $2.4M | $3.3M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.42 | −0.030% | $12K | $452K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.46 | −0.024% | $994 | $9.3M | 20x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.18 | −0.062% | $105K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.58 | −0.008% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.23 | −0.055% | $2.2M | $14.1M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.68 | +0.005% | $753K | $3.0M | 20x | as long as short |
| Hotstuff META-PERP | +0.0032% | 1h | 740.55 | −0.012% | $33K | $105 | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.99 | −0.088% | $110K | $331K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.84 | +0.027% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.41 | −0.031% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 740.20 | −0.059% | $558K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.44 | −0.027% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.86 | −0.105% | $693K | $4.4M | 10x | as long as short |
| Lighter METAlong | +0.0056% | 1h | 740.64 | long leg | $857K | $2.4M | 20x | |
| Paradex META-USD-PERP | +0.0059% | 8h | 740.34 | −0.040% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0067% | 1h | 741.10 | +0.063% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.65 | +0.001% | $1.6M | $457K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.87 | −0.104% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.44 | −0.027% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 740.24 | −0.054% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.19 | −0.061% | $610K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0171% | 1h | 740.65 | +0.001% | $68.0M | $121.2M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.82 | +0.294% | $171K | $48K | 30x | as long as short |
| Phoenix META | +0.0259% | 1h | 741.02 | +0.051% | $347K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0371% | 4h | 740.31 | −0.045% | $62K | $333K | 10x | as long as short |
Variational Omni META
GRVT META_USDT_Perp
SunX META-USDT
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Hotstuff META-PERP
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Phoenix META
edgeX METAUSDC