META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Ondo Perps against Lighter RH−0.143%7-day average −0.089% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.143%, 7d avg −0.089%

Together, before fees+0.162%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.054% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.089%). If the spread goes back, that is −$5 on $10k: about 9.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.29	0.0032	pay 0.0004% / 1h	37m 08s	$750K	$3.0M	20x
Short	Ondo Perps META-USD.P	739.23	0.0050	get 0.0006% / 1h	37m 08s	$697K	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.143%Rate

Funding earned: $3.86
Price spread: −0.143% → −0.089%: −$5.38
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$6.52
Costs to cover: 0.050%
Break-even: 18.8 days

Slippage unknown: Lighter RH: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 1 min ago	2.16 bp	2.4 bp −$2	5.2 bp −$52	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0147%	1h	739.87	−0.057%	$478K	$546K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	−0.041%	$327K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0088%	1h	739.47	−0.111%	$31K	$244K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.70	+0.056%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.76	−0.071%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.00	−0.039%	$27.3M	$179.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.88	−0.055%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.01	−0.038%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.57	−0.097%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.09	−0.027%	$5.5M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.73	−0.076%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	739.97	−0.043%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.05	−0.032%	$683	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.75	−0.073%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.05	−0.032%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.88	−0.055%	$2.2M	$14.0M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.29	long leg	$750K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	739.54	−0.101%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.007%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.04	−0.034%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.80	−0.066%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.00	−0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.23	−0.143%	$697K	$4.3M	10x
Paradex META-USD-PERP	+0.0056%	8h	739.88	−0.055%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0068%	1h	740.55	+0.035%	$49K	$80K	10x	as long as short
Lighter META	+0.0096%	1h	740.20	−0.012%	$855K	$2.4M	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.01	−0.038%	$1.6M	$473K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.68	−0.082%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.92	−0.050%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.65	−0.086%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.113%	$609K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	740.10	−0.026%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0168%	4h	739.75	−0.073%	$62K	$335K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.56	−0.099%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0244%	1h	740.16	−0.018%	$68.3M	$120.3M	20x	as long as short
Phoenix META	+0.0313%	1h	740.68	+0.053%	$390K	$1.1M	20x	as long as short