META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter RH against Nado−0.004%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.004%, 7d avg +0.042%

Together, before fees+0.279%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.047% cheaper against Nado than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.042%). If the spread goes back, that is −$5 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.114% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	747.33	−0.0003	get 0.0000% / 1h	4m 56s	$483K	$556K	20x
Short	Lighter RH META	747.30	0.0032	get 0.0004% / 1h	4m 56s	$770K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Nado. 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 NadobpFee Lighter RHbpOrdersPrice spread, now −0.004%Rate

Funding earned: $7.34
Price spread: −0.004% → +0.042%: −$4.65
Slippage, 4 orders: −$15.74
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.05
Costs to cover: 0.227%
Break-even: 26.1 days

Slippage from Nado: live order book, 48 min ago; Lighter RH: live order book, 3 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 Nado live order book, 48 min ago	0.67 bp	13.6 bp −$14	99.7 bp −$997	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.07 bp	2.2 bp −$2	6.7 bp −$67	46.1 bp −$4,609	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	747.32	−0.001%	$331K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0003%	1h	747.33	long leg	$483K	$556K	20x
Aster METAUSDT	0.0000%	8h	747.16	−0.022%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	747.28	−0.007%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	747.44	+0.014%	$28.5M	$182.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	747.36	+0.004%	$7.5M	$14.6M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	747.47	+0.019%	$6.0M	$13.0M	20x	as long as short
Gate META_USDT	0.0000%	8h	747.06	−0.036%	$421K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	747.58	+0.034%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	748.03	+0.094%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	747.12	−0.028%	$965	$8.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.57	−0.102%	$31K	$252K	10x	as long as short
HTX META-USDT	0.0000%	8h	747.06	−0.036%	$106K	$304K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.93	+0.080%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	747.30	−0.004%	$770K	$3.0M	20x
Arcus META-USD	+0.0040%	1h	747.32	−0.001%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.61	+0.037%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.80	−0.071%	$588K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	747.19	−0.019%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.55	−0.104%	$770K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	747.32	−0.001%	$2.2M	$13.8M	10x	as long as short
Paradex META-USD-PERP	+0.0062%	8h	747.53	+0.027%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	748.11	+0.104%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	747.28	−0.007%	$180K	$199K	20x	as long as short
Bitget METAUSDT	+0.0098%	8h	747.33	0.000%	$5.5M	$11.9M	100x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	747.55	+0.029%	$1.6M	$625K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	747.07	−0.035%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	747.03	−0.040%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.94	−0.052%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	747.35	+0.003%	$667K	$7.6M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.19	−0.019%	$172K	$48K	30x	as long as short
Hotstuff META-PERP	+0.0256%	1h	747.53	+0.027%	$33K	$105	20x	as long as short
Lighter META	+0.0280%	1h	747.29	−0.005%	$911K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0345%	1h	747.66	+0.044%	$72.0M	$121.8M	20x	as long as short
Phoenix META	+0.0633%	1h	749.25	+0.257%	$800K	$1.4M	20x	as long as short
edgeX METAUSDC	+0.0974%	4h	747.99	+0.089%	$62K	$338K	10x	as long as short