META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0510%/8h= +55.8% APRnext payment +$0.64 per $10,000 · paid last 24h +0.048%

Price spread now: tradeXYZ against Lighter RH+0.015%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Lighter RH Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.015%, 7d avg −0.022%

Together, before fees+0.087%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.037% 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 −0.022%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 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	745.85	0.0064	pay 0.0008% / 1h	30m 55s	$790K	$3.1M	20x
Short	tradeXYZ xyz:META	745.96	0.0574	get 0.0072% / 1h	30m 55s	$81.7M	$130.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.015%Rate

Funding earned: $107.09
Price spread: +0.015% → −0.022%: $3.69
Slippage, 4 orders: −$5.85
Fee Lighter RH: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $86.94
Costs to cover: 0.238%
Break-even: 1.3 days

Slippage from Lighter RH: live order book, 2 min ago; tradeXYZ: live order book, 9 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	1.54 bp	1.8 bp −$2	4.3 bp −$43	48.0 bp −$4,805	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.54 bp	9.9 bp −$10	12.5 bp −$125	doesn't fit	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	745.46	−0.052%	$332K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.12	−0.098%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.30	−0.074%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.50	−0.047%	$25.1M	$188.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.25	−0.080%	$7.5M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.43	−0.056%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.92	−0.125%	$469K	$6.2M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.46	−0.052%	$5.5M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	745.45	−0.054%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.78	−0.010%	$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	745.46	−0.052%	$921	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.97	−0.118%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.20	−0.087%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.52	−0.044%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	745.48	−0.050%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.16	−0.093%	$112K	$339K	10x	as long as short
Nado META-PERP	+0.0043%	1h	745.20	−0.087%	$480K	$560K	20x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.74	−0.015%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.29	−0.075%	$565K	$621K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.51	−0.046%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.03	−0.110%	$747K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0055%	8h	745.62	−0.031%	—	—	5x	as long as short
Lighter RH METAlong	+0.0064%	1h	745.85	long leg	$790K	$3.1M	20x
Aftermath Perps METAUSD	+0.0087%	1h	746.16	+0.042%	$48K	$90K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	745.75	−0.013%	$177K	$202K	20x	as long as short
Pacifica META	+0.0100%	1h	745.70	−0.020%	$25	$189	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.43	−0.056%	$1.6M	$718K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.62	−0.165%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.50	−0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.49	−0.049%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	745.33	−0.070%	$645K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.69	+0.247%	$175K	$46K	30x	as long as short
Lighter META	+0.0472%	1h	745.98	+0.017%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0472%	1h	746.13	+0.038%	$33K	$105	20x	as long as short
tradeXYZ xyz:METAshort	+0.0574%	1h	745.96	+0.015%	$81.7M	$130.1M	20x
Phoenix META	+0.0750%	1h	746.81	+0.129%	$797K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0949%	4h	745.47	−0.050%	$62K	$345K	10x	as long as short