META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.014%

Price spread now: ApeX Omni against Lighter RH−0.103%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.103%, 7d avg −0.054%

Together, before fees+0.143%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.050% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.054%). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	744.05	0.0032	pay 0.0004% / 1h	9m 24s	$778K	$3.1M	20x
Short	ApeX Omni METAUSDT	743.28	0.0100	get 0.0013% / 1h	9m 24s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −0.103%Rate

Funding earned: $14.28
Price spread: −0.103% → −0.054%: −$4.95
Slippage, 4 orders: −$55.56
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.23
Costs to cover: 0.656%
Break-even: 34.6 days

Slippage from Lighter RH: live order book, 4 min ago; ApeX Omni: live order book, 47 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 RH live order book, 4 min ago	0.61 bp	1.8 bp −$2	7.0 bp −$70	50.4 bp −$5,042	doesn't fit
Sell ApeX Omni live order book, 47 min ago	2.63 bp	25.2 bp −$25	547.3 bp −$5,473	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
BloFin META-USDT	−0.0120%	8h	744.41	+0.048%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0004%	1h	743.32	−0.098%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.25	−0.107%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.74	−0.042%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.94	−0.014%	$28.4M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.10	+0.007%	$7.7M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.97	−0.011%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.39	−0.089%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.96	−0.012%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	744.35	+0.040%	$2.4M	$3.1M	—	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	744.40	+0.046%	$12K	$445K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.86	−0.026%	$795	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.96	−0.012%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.99	−0.008%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	744.05	long leg	$778K	$3.1M	20x
QFEX META-USD	+0.0036%	1h	743.88	−0.023%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.71	−0.046%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.88	−0.023%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.62	−0.058%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.93	−0.016%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.19	−0.116%	$823K	$4.6M	10x	as long as short
Popdex METAUSDT	+0.0064%	1h	744.02	−0.004%	$179K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.63	+0.078%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0091%	8h	743.78	−0.036%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.01	−0.005%	$1.6M	$555K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	743.28	−0.103%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.97	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.82	−0.030%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	−0.039%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0184%	1h	743.93	−0.016%	$33K	$105	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0208%	1h	743.45	−0.081%	$31K	$246K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.14	+0.281%	$172K	$48K	30x	as long as short
Lighter META	+0.0280%	1h	744.04	−0.001%	$866K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0292%	1h	743.88	−0.023%	$69.6M	$120.7M	20x	as long as short
Phoenix META	+0.0591%	1h	744.96	+0.122%	$715K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0902%	4h	744.26	+0.029%	$62K	$336K	10x	as long as short