Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.017%

Price spread now: Lighter RH against Binance+0.035%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.035%, 7d avg −0.025%

Together, before fees+0.115%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.060% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance METAUSDT	743.92	0	get 0.0000% / 8h	2h 25m	$27.7M	$182.6M	20x
Short	Lighter RH META	744.18	0.0032	get 0.0004% / 1h	25m 29s	$769K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.035%Rate

Funding earned: $6.72
Price spread: +0.035% → −0.025%: $5.97
Slippage, 4 orders: −$5.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$2.91
Costs to cover: 0.156%
Break-even: 10.0 days

Slippage from Binance: live order book, 3 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 Binance live order book, 3 min ago	0.07 bp	6.3 bp −$6	13.5 bp −$135	54.7 bp −$5,472	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.08 bp	2.3 bp −$2	7.5 bp −$75	48.9 bp −$4,886	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	743.43	−0.066%	$331K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.42	+0.067%	$479K	$589K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.84	−0.011%	$544K	$2.6M	17x	as long as short
Binance METAUSDTlong	0.0000%	8h	743.92	long leg	$27.7M	$182.6M	20x
Bybit METAUSDT	0.0000%	8h	743.76	−0.022%	$7.3M	$15.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	743.98	+0.008%	$6.0M	$12.4M	20x	as long as short
Gate META_USDT	0.0000%	8h	743.34	−0.078%	$440K	$5.9M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	744.10	+0.024%	$5.6M	$12.1M	100x	as long as short
Variational Omni META	0.0000%	8h	743.94	+0.003%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.10	−0.110%	$12K	$442K	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	744.19	+0.036%	$528	$8.4M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	743.56	−0.048%	$31K	$264K	10x	as long as short
HTX META-USDT	0.0000%	8h	743.69	−0.031%	$106K	$306K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	743.44	−0.065%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0022%	1h	743.82	−0.014%	$481K	$558K	20x	as long as short
Lighter RH METAshort	+0.0032%	1h	744.18	+0.035%	$769K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	743.10	−0.110%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	744.37	+0.060%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	744.00	+0.011%	$2.2M	$13.8M	10x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.08	+0.022%	$178K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.64	−0.038%	$585K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.86	−0.008%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.41	−0.069%	$736K	$4.9M	10x	as long as short
Paradex META-USD-PERP	+0.0076%	8h	744.00	+0.010%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	744.01	+0.013%	$51K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.85	−0.009%	$1.6M	$644K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	743.02	−0.121%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.84	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	743.82	−0.014%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	743.48	−0.059%	$658K	$7.7M	10x	as long as short
edgeX METAUSDC	+0.0212%	4h	743.26	−0.089%	$62K	$339K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	745.90	+0.266%	$172K	$46K	30x	as long as short
Lighter META	+0.0320%	1h	744.34	+0.056%	$1.0M	$2.6M	20x	as long as short
Hotstuff META-PERP	+0.0360%	1h	744.00	+0.011%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0439%	1h	744.09	+0.023%	$74.7M	$125.0M	20x	as long as short
Phoenix META	+0.0685%	1h	744.15	+0.031%	$795K	$1.4M	20x	as long as short