META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.134%

Price spread now: Extended against Lighter RH−0.048%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.048%, 7d avg −0.034%

Together, before fees+0.080%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	739.74	0.0032	pay 0.0004% / 1h	22m 58s	$750K	$3.2M	20x
Short	Extended META_24_5-USD	739.39	0	get 0.0000% / 1h	22m 58s	$550K	$2.7M	17x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$6.72
Price spread: −0.048% → −0.034%: −$1.32
Slippage, 4 orders: −$10.69
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.73
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Extended: live order book, 1 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, 5 min ago	2.30 bp	2.3 bp −$2	5.3 bp −$53	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.54 bp	5.5 bp −$6	39.8 bp −$398	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	739.51	−0.031%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	739.27	−0.064%	$423K	$391K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.75	+0.001%	$466K	$549K	20x	as long as short
Extended META_24_5-USDshort	0.0000%	1h	739.39	−0.048%	$550K	$2.7M	17x
Binance METAUSDT	0.0000%	8h	739.56	−0.024%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.59	−0.020%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.59	−0.020%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.14	−0.081%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	−0.035%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.067%	$2.3M	$3.3M	—	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	739.70	−0.006%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.82	+0.011%	$908	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.10	−0.087%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.44	−0.041%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.67	−0.009%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	739.74	long leg	$750K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	739.88	+0.019%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.67	−0.009%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.42	−0.043%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.50	−0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.120%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.52	−0.030%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.084%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.32	−0.056%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.17	+0.059%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.59	−0.020%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.078%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.67	−0.009%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.58	−0.022%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.45	−0.040%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.058%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.57	−0.023%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.243%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.74	0.000%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	740.01	+0.036%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	−0.012%	$62K	$334K	10x	as long as short