META

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter RH against QFEX+0.058%7-day average +0.010% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on QFEX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.058%, 7d avg +0.010%

Together, before fees−0.014%+ Points / potential airdropLighter RH: Points live · farm board−$1 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: Lighter RH is 0.047% dearer against QFEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX META-USD	746.54	0.0031	pay 0.0004% / 1h	6m 55s	$2.2M	$14.1M	10x
Short	Lighter RH META	746.97	0.0040	get 0.0005% / 1h	6m 55s	$797K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against QFEX. 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 QFEXbpFee Lighter RHbpOrdersPrice spread, now +0.058%Rate

Funding earned: $1.85
Price spread: +0.058% → +0.010%: $4.74
Slippage, 4 orders: −$8.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.04
Costs to cover: 0.186%
Break-even: 52.6 days

Slippage from QFEX: live order book, 7 min ago; Lighter RH: live order book, 1 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 QFEX live order book, 7 min ago	1.67 bp	6.7 bp −$7	6.9 bp −$69	18.1 bp −$1,810	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.87 bp	2.7 bp −$3	6.6 bp −$66	43.6 bp −$4,357	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	746.81	+0.036%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.52	−0.002%	$480K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	746.52	−0.002%	$548K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.63	+0.012%	$25.4M	$189.7M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.74	+0.027%	$7.5M	$15.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.67	+0.017%	$6.0M	$12.8M	20x	as long as short
Gate META_USDT	0.0000%	8h	746.36	−0.024%	$473K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.67	+0.017%	$5.7M	$12.4M	100x	as long as short
Variational Omni META	0.0000%	8h	747.21	+0.090%	$2.5M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	747.23	+0.092%	$12K	$439K	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	746.56	+0.003%	$1K	$8.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	746.22	−0.043%	$34K	$276K	10x	as long as short
HTX META-USDT	0.0000%	8h	746.47	−0.009%	$108K	$311K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	747.33	+0.106%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0015%	1h	746.17	−0.049%	$481K	$561K	20x	as long as short
QFEX META-USDlong	+0.0031%	1h	746.54	long leg	$2.2M	$14.1M	10x
Lighter RH METAshort	+0.0040%	1h	746.97	+0.058%	$797K	$3.1M	20x
Arcus META-USD	+0.0040%	1h	746.69	+0.020%	$112K	$338K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	747.21	+0.090%	—	$12K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	746.28	−0.035%	$568K	$625K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.65	+0.015%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	746.25	−0.039%	$744K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	746.43	−0.015%	—	—	5x	as long as short
Popdex METAUSDT	+0.0064%	1h	746.71	+0.023%	$178K	$202K	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	747.44	+0.121%	$49K	$91K	10x	as long as short
Pacifica META	+0.0100%	1h	746.67	+0.017%	$633	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	746.82	+0.038%	$1.6M	$727K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	746.55	+0.001%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.64	+0.013%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.49	−0.006%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	746.79	+0.033%	$651K	$8.0M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.54	+0.402%	$177K	$51K	30x	as long as short
Lighter META	+0.0448%	1h	747.08	+0.072%	$1.1M	$2.9M	20x	as long as short
Hotstuff META-PERP	+0.0464%	1h	746.99	+0.060%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0564%	1h	747.20	+0.088%	$83.7M	$131.6M	20x	as long as short
Phoenix META	+0.0750%	1h	747.82	+0.171%	$798K	$1.5M	20x	as long as short
edgeX METAUSDC	+0.0931%	4h	747.28	+0.099%	$62K	$344K	10x	as long as short