META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against Lighter RH+0.012%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$50.055% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.012%, 7d avg −0.029%

Together, before fees+0.025%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.041% dearer against Lighter RH than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	739.58	0.0032	pay 0.0004% / 1h	46m 08s	$757K	$3.1M	20x
Short	Lighter META	739.67	0.0240	get 0.0030% / 1h	46m 08s	$855K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.012%Rate

Funding earned: $43.68
Price spread: +0.012% → −0.029%: $4.12
Slippage, 4 orders: −$5.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $42.35
Costs to cover: 0.055%
Break-even: 0.2 days

Slippage from Lighter RH: live order book, 2 min ago; Lighter: live order book, 6 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, 2 min ago	1.62 bp	1.9 bp −$2	5.8 bp −$58	41.5 bp −$4,146	doesn't fit
Sell Lighter live order book, 6 min ago	0.68 bp	0.7 bp −$1	1.6 bp −$16	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	740.01	+0.058%	$327K	$1.1M	20x	as long as short
Phemex METAUSDT	−0.0068%	4h	739.85	+0.037%	$2.0M	$7K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.82	+0.168%	$463K	$548K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.46	−0.016%	$551K	$1.9M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.50	−0.011%	$27.3M	$178.8M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.37	−0.028%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.37	−0.028%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.30	−0.038%	$357K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.67	+0.012%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.65	+0.010%	$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	740.23	+0.088%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.80	+0.030%	$628	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.22	−0.049%	$106K	$292K	30x	as long as short
Nado META-PERP	+0.0026%	1h	739.40	−0.024%	$381K	$335K	20x	as long as short
Lighter RH METAlong	+0.0032%	1h	739.58	long leg	$757K	$3.1M	20x
Vest META-USD-PERP	+0.0046%	1h	739.96	+0.051%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.77	+0.026%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.59	+0.001%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.45	−0.018%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.20	−0.051%	$687K	$4.3M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.67	+0.012%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.70	+0.016%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0068%	8h	739.59	+0.002%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.11	+0.071%	$48K	$79K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.76	+0.024%	$1.6M	$417K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.96	+0.051%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.88	+0.041%	$1K	$24	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0102%	1h	739.29	−0.039%	$30K	$250K	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.69	+0.015%	$266	—	10x	as long as short
tradeXYZ xyz:META	+0.0106%	1h	739.33	−0.034%	$67.6M	$121.3M	20x	as long as short
Hotstuff META-PERP	+0.0112%	1h	739.71	+0.018%	$33K	$105	20x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.36	−0.030%	$601K	$7.3M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.48	−0.014%	$168K	$46K	30x	as long as short
Lighter METAshort	+0.0240%	1h	739.67	+0.012%	$855K	$2.4M	20x
Phoenix META	+0.0259%	1h	740.16	+0.078%	$277K	$930K	20x	as long as short
edgeX METAUSDC	+0.0367%	4h	740.09	+0.069%	$62K	$334K	10x	as long as short