META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.048%

Price spread now: Lighter RH against Arcus+0.073%7-day average +0.036% · 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−$20as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.073%, 7d avg +0.036%

Together, before fees−0.241%+ Points / potential airdropLighter RH: Points live · farm board−$24 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 0.037% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	742.03	0.0040	pay 0.0005% / 1h	35m 17s	$110K	$330K	10x
Short	Lighter RH META	742.57	0.0032	get 0.0004% / 1h	35m 17s	$768K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Arcus. 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 ArcusbpFee Lighter RHbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$1.74
Price spread: +0.073% → +0.036%: $3.67
Slippage, 4 orders: −$19.44
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$22.01
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Arcus: live order book, 23 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 Arcus live order book, 23 min ago	3.30 bp	8.7 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.14 bp	1.5 bp −$2	4.1 bp −$41	45.5 bp −$4,553	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	742.41	+0.051%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0032%	1h	741.90	−0.018%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.33	+0.040%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.20	+0.022%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.38	+0.047%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.22	+0.026%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.51	+0.065%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.11	+0.011%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.36	+0.044%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	+0.047%	$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	742.46	+0.058%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.54	+0.069%	$1K	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.86	−0.023%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.30	+0.036%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	+0.043%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	742.57	+0.073%	$768K	$3.0M	20x
QFEX META-USD	+0.0036%	1h	742.37	+0.046%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDlong	+0.0040%	1h	742.03	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.43	+0.054%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.44	+0.055%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.10	+0.009%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.36	+0.044%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.035%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.24	+0.028%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.151%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.57	+0.073%	$1.6M	$541K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.70	−0.044%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.047%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.28	+0.034%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.001%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.43	+0.054%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.329%	$172K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	742.53	+0.067%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0280%	1h	742.38	+0.047%	$69.4M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0398%	4h	742.31	+0.038%	$62K	$337K	10x	as long as short
Phoenix META	+0.0591%	1h	743.27	+0.167%	$656K	$1.2M	20x	as long as short