META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h +0.013%

Price spread now: Polymarket Perps against Lighter RH−0.109%46s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as 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−$170.168% of the position

Long on Lighter RH Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.109%, 7d avg −0.047%

Together, before fees+0.024%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.061% cheaper against Lighter RH than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 46 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	745.97	0.0056	pay 0.0007% / 1h	33m 42s	$790K	$3.1M	20x
Short	Polymarket Perps META-USD	745.16	0.0050	get 0.0006% / 1h	33m 42s	$565K	$621K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$1.26
Price spread: −0.109% → −0.047%: −$6.14
Slippage, 4 orders: −$8.8
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$24.2
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Polymarket Perps: 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, 5 min ago	2.48 bp	2.7 bp −$3	4.5 bp −$45	45.6 bp −$4,556	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	0.54 bp	4.7 bp −$5	7.9 bp −$79	9.1 bp −$912	doesn't fit

META on 37 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	745.79	−0.024%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.19	−0.104%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.40	−0.076%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.61	−0.048%	$25.1M	$188.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.60	−0.050%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.69	−0.038%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.01	−0.129%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.57	−0.054%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	−0.070%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.58	−0.052%	$12K	$436K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	745.35	−0.083%	$966	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.85	−0.150%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.18	−0.106%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.48	−0.066%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.42	−0.074%	$2.2M	$13.9M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.109%	$112K	$339K	10x	as long as short
Nado META-PERP	+0.0042%	1h	745.10	−0.116%	$480K	$560K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.71	−0.035%	—	$12K	25x	as long as short
Polymarket Perps META-USDshort	+0.0050%	1h	745.16	−0.109%	$565K	$621K	10x
SoDEX META-USD	+0.0050%	1h	745.38	−0.079%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.94	−0.138%	$729K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.54	−0.057%	—	—	5x	as long as short
Lighter RH METAlong	+0.0056%	1h	745.97	long leg	$790K	$3.1M	20x
Aftermath Perps METAUSD	+0.0087%	1h	746.22	+0.034%	$48K	$90K	10x	as long as short
Popdex METAUSDT	+0.0088%	1h	745.50	−0.063%	$177K	$203K	20x	as long as short
Pacifica META	+0.0100%	1h	745.74	−0.031%	$25	$189	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.26	−0.095%	$1.6M	$717K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.68	−0.173%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.47	−0.067%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.29	−0.091%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.33	−0.086%	$645K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.69	+0.231%	$172K	$46K	30x	as long as short
edgeX METAUSDC	+0.0275%	4h	745.30	−0.090%	$62K	$344K	10x	as long as short
Lighter META	+0.0464%	1h	746.14	+0.023%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.06	+0.012%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0574%	1h	746.14	+0.023%	$81.6M	$130.0M	20x	as long as short
Phoenix META	+0.0750%	1h	746.69	+0.097%	$797K	$1.5M	20x	as long as short