Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0370%/8h= +40.5% APRpaid last 24h +0.114%

Price spread now: edgeX against Lighter RH−0.017%50s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.253% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.565%+$57 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.017%, 7d avg −0.019%

Together, before fees+0.551%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 50 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 RH META	743.35	0.0032	pay 0.0004% / 1h	2m 45s	$833K	$2.8M	20x
Short	edgeX METAUSDC	743.23	0.0402	get 0.0201% / 4h	2h 02m	$62K	$349K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $77.76
Price spread: −0.017% → −0.019%: $0.24
Slippage, 4 orders: −$16.3
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $52.7
Costs to cover: 0.253%
Break-even: 2.3 days

Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 48 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	1.61 bp	2.6 bp −$3	6.1 bp −$61	43.3 bp −$4,325	doesn't fit
Sell edgeX live order book, 48 min ago	5.10 bp	9.7 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit

META on 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.77	−0.078%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	743.56	+0.028%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.92	+0.076%	$494K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.04	−0.042%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.23	−0.016%	$26.0M	$192.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.36	+0.001%	$7.7M	$15.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.29	−0.008%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.94	−0.055%	$454K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.42	+0.009%	$5.7M	$12.2M	100x	as long as short
Variational Omni META	0.0000%	8h	743.38	+0.003%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.91	+0.076%	$12K	$433K	10x	as long as short
SunX META-USDT	0.0000%	8h	743.01	−0.046%	$897	$7.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	742.82	−0.071%	$36K	$265K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.68	−0.090%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.68	+0.044%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	743.35	long leg	$833K	$2.8M	20x
Arcus META-USD	+0.0040%	1h	742.55	−0.108%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	742.89	−0.062%	$2.2M	$14.0M	10x	as long as short
Nado META-PERP	+0.0042%	1h	742.59	−0.102%	$476K	$552K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.31	−0.005%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.95	−0.054%	$179K	$201K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.64	−0.096%	$560K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.93	−0.057%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.19	−0.156%	$691K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	742.70	−0.088%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	743.48	+0.017%	$53K	$78K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.60	−0.101%	$632K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	742.78	−0.076%	$606	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.30	−0.007%	$1.6M	$856K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.58	−0.104%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.98	−0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.86	−0.065%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.93	−0.057%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0235%	1h	743.15	−0.027%	$86.1M	$135.2M	20x	as long as short
Lighter META	+0.0264%	1h	743.57	+0.030%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDCshort	+0.0402%	4h	743.23	−0.017%	$62K	$349K	10x
Phoenix META	+0.0643%	1h	744.36	+0.136%	$795K	$1.5M	20x	as long as short