META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter RH against Ondo Perps+0.116%7-day average +0.064% · you sell dearer than you buy

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

Long on Ondo Perps Short on Lighter RH

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.022%−$2 · spread now +0.116%, 7d avg +0.064%

Together, before fees−0.064%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.052% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.064%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps META-USD.P	743.51	0.0050	pay 0.0006% / 1h	10m 35s	$823K	$4.6M	10x
Short	Lighter RH META	744.37	0.0032	get 0.0004% / 1h	10m 35s	$778K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Ondo Perps. 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 Ondo PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$3.86
Price spread: +0.116% → +0.064%: $5.17
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$3.69
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 3 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 3 min ago	0.61 bp	1.1 bp −$1	4.4 bp −$44	42.6 bp −$4,257	doesn't fit

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
BloFin META-USDT	−0.0120%	8h	744.41	+0.121%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0006%	1h	743.63	+0.016%	$481K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.68	+0.023%	$469K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.12	+0.082%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.27	+0.102%	$28.4M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.12	+0.082%	$7.7M	$14.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.10	+0.079%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.89	+0.051%	$365K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.30	+0.106%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	744.35	+0.113%	$2.4M	$3.1M	—	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	744.01	+0.067%	$13K	$443K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.36	+0.114%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	744.33	+0.110%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.24	+0.098%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	744.37	+0.116%	$778K	$3.1M	20x
QFEX META-USD	+0.0036%	1h	744.18	+0.090%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.75	+0.032%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.98	+0.063%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.94	+0.058%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.27	+0.102%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.Plong	+0.0050%	1h	743.51	long leg	$823K	$4.6M	10x
Popdex METAUSDT	+0.0056%	1h	744.33	+0.110%	$179K	$199K	20x	as long as short
Aftermath Perps METAUSD	+0.0081%	1h	744.48	+0.131%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0088%	8h	744.22	+0.095%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.05	+0.073%	$1.6M	$553K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.11	−0.054%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.40	+0.120%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.22	+0.096%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.034%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0176%	1h	743.96	+0.061%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.67	+0.425%	$172K	$48K	30x	as long as short
Lighter META	+0.0280%	1h	744.36	+0.114%	$866K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0290%	1h	744.31	+0.108%	$69.7M	$120.8M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0355%	1h	743.92	+0.055%	$31K	$246K	10x	as long as short
edgeX METAUSDC	+0.0485%	4h	743.87	+0.048%	$62K	$338K	10x	as long as short
Phoenix META	+0.0591%	1h	744.75	+0.167%	$709K	$1.2M	20x	as long as short