Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.008%

Price spread now: Lighter RH against Bitget+0.071%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.071%, 7d avg −0.018%

Together, before fees+0.052%+ Points / potential airdropLighter RH: Points live · farm board+$5 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 0.090% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	744.81	0	get 0.0000% / 8h	1h 18m	$5.5M	$12.4M	100x
Short	Lighter RH META	745.34	0.0032	get 0.0004% / 1h	18m 32s	$787K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.071%Rate

Funding earned: $6.72
Price spread: +0.071% → −0.018%: $8.96
Slippage, 4 orders: −$12.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8.5
Costs to cover: 0.242%
Break-even: 15.9 days

Slippage from Bitget: live order book, 5 min ago; Lighter RH: live order book, 5 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 Bitget live order book, 5 min ago	0.60 bp	10.2 bp −$10	20.0 bp −$200	39.4 bp −$3,936	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.14 bp	1.9 bp −$2	5.9 bp −$59	43.0 bp −$4,297	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	744.56	−0.034%	$333K	$1.1M	20x	as long as short
Nado META-PERP	−0.0040%	1h	744.51	−0.040%	$480K	$559K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.23	+0.056%	$479K	$593K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.78	−0.005%	$548K	$1.8M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.92	+0.015%	$25.0M	$188.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.96	+0.020%	$7.3M	$15.3M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.16	+0.047%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.45	−0.048%	$462K	$6.2M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	744.81	long leg	$5.5M	$12.4M	100x
Variational Omni META	0.0000%	8h	744.80	−0.001%	$2.4M	$3.3M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	744.80	−0.002%	$13K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	744.80	−0.001%	$693	$8.2M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.46	−0.047%	$34K	$275K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.55	−0.035%	$106K	$308K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.85	+0.005%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0031%	1h	744.72	−0.012%	$2.2M	$13.8M	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	745.34	+0.071%	$787K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	744.62	−0.026%	$112K	$339K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.17	+0.048%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.92	+0.015%	$177K	$203K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.36	−0.060%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.81	0.000%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.61	−0.027%	$685K	$5.2M	10x	as long as short
Paradex META-USD-PERP	+0.0058%	8h	744.87	+0.008%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.80	+0.132%	$52K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	744.92	+0.015%	$1.6M	$689K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.29	−0.070%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	744.88	+0.009%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	744.70	−0.015%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	744.73	−0.011%	$650K	$7.9M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.34	+0.340%	$172K	$46K	30x	as long as short
Lighter META	+0.0360%	1h	745.50	+0.093%	$1.1M	$2.7M	20x	as long as short
Hotstuff META-PERP	+0.0376%	1h	745.49	+0.091%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0489%	1h	745.51	+0.094%	$77.9M	$127.6M	20x	as long as short
Phoenix META	+0.0739%	1h	746.23	+0.191%	$797K	$1.5M	20x	as long as short
Pacifica META	+0.0800%	1h	745.10	+0.038%	$16	$103	10x	as long as short
edgeX METAUSDC	+0.0905%	4h	744.74	−0.010%	$62K	$343K	10x	as long as short