META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against Lighter RH−0.127%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.127%, 7d avg −0.114%

Together, before fees−0.018%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.114%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.39	0.0032	pay 0.0004% / 1h	35m 11s	$750K	$3.0M	20x
Short	Coinbase International META-PERP-INTX	739.45	0.0104	get 0.0013% / 1h	35m 11s	$609K	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.127%Rate

Funding earned: $15.12
Price spread: −0.127% → −0.114%: −$1.27
Slippage, 4 orders: −$8.03
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$4.18
Costs to cover: 0.180%
Break-even: 8.9 days

Slippage from Lighter RH: live order book, 3 min ago; Coinbase International: live order book, 4 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, 3 min ago	2.16 bp	2.4 bp −$2	5.2 bp −$52	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.07 bp	7.9 bp −$8	10.5 bp −$105	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-PERP	−0.0143%	1h	739.88	−0.068%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.054%	$327K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.73	+0.045%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.18	−0.029%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.39	0.000%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.23	−0.022%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.36	−0.004%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.14	−0.034%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.28	−0.015%	$5.5M	$11.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.13	−0.035%	$2.3M	$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	739.97	−0.056%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.44	+0.007%	$635	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.23	−0.022%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.16	−0.031%	$2.0M	$8K	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0020%	1h	739.97	−0.057%	$31K	$244K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.05	−0.046%	$2.2M	$14.0M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.39	long leg	$750K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	739.67	−0.097%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.39	0.000%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.42	+0.004%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.14	−0.034%	$558K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.18	−0.028%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.74	−0.088%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	740.06	−0.044%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.70	+0.041%	$49K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.13	−0.035%	$1.6M	$477K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.45	−0.127%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.09	−0.041%	$1K	$24	10x	as long as short
Lighter META	+0.0104%	1h	740.31	−0.011%	$855K	$2.4M	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.88	−0.069%	$266	—	10x	as long as short
Coinbase International META-PERP-INTXshort	+0.0104%	1h	739.45	−0.127%	$609K	$7.2M	10x
Hotstuff META-PERP	+0.0128%	1h	740.30	−0.012%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	−0.086%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.56	−0.112%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0249%	1h	740.31	−0.011%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.039%	$394K	$1.1M	20x	as long as short