META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.046%

Price spread now: Arcus against Lighter RH−0.070%7-day average −0.034% · 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−$19as in the Price arb table

costs, in and out, $10k−$150.151% of the position

Long on Lighter RH Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.095%+$9 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.070%, 7d avg −0.034%

Together, before fees+0.179%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.036% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	741.74	0.0032	pay 0.0004% / 1h	14m 19s	$756K	$3.2M	20x
Short	Arcus META-USD	741.22	0.0040	get 0.0005% / 1h	14m 19s	$110K	$454K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.070%Rate

Funding earned: $1.74
Price spread: −0.070% → −0.034%: −$3.63
Slippage, 4 orders: −$10.57
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$16.96
Costs to cover: 0.151%
Break-even: 75.3 days

Slippage from Lighter RH: live order book, 4 min ago; Arcus: live order book, 64 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	0.20 bp	0.8 bp −$1	4.9 bp −$49	45.3 bp −$4,528	doesn't fit
Sell Arcus live order book, 64 min ago	1.42 bp	8.6 bp −$9	9.4 bp −$94	19.1 bp −$1,905	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	741.86	+0.016%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0003%	1h	741.02	−0.097%	$385K	$332K	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.70	−0.006%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.54	−0.027%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.68	−0.008%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.52	−0.030%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.52	−0.030%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.08	−0.089%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.56	−0.024%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	+0.020%	$2.3M	$3.2M	—	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	741.81	+0.009%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.42	−0.043%	$744	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.54	−0.027%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.98	+0.032%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.54	−0.027%	$2.2M	$14.3M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	741.74	long leg	$756K	$3.2M	20x
Arcus META-USDshort	+0.0040%	1h	741.22	−0.070%	$110K	$454K	10x
Vest META-USD-PERP	+0.0046%	1h	741.61	−0.018%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.60	−0.019%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.52	−0.030%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.54	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.07	−0.090%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0054%	8h	741.43	−0.042%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.52	+0.105%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.067%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.50	−0.032%	$1.6M	$398K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.25	−0.066%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.46	−0.038%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.47	−0.037%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	+0.004%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.57	−0.023%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0179%	4h	741.82	+0.011%	$62K	$333K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.17	−0.077%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	741.80	+0.008%	$859K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0262%	1h	741.53	−0.028%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0519%	1h	741.54	−0.027%	$30K	$258K	10x	as long as short