META

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0016%/8hnext payment −$0.02 per $10,000 · paid last 24h +0.019%

Price spread now: Lighter RH against Coinbase International−0.009%7-day average +0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.009%, 7d avg +0.120%

Together, before fees+0.157%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 0.129% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.120%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International META-PERP-INTX	752.41	0.0048	pay 0.0006% / 1h	23m 29s	$649K	$6.8M	10x
Short	Lighter RH META	752.34	0.0032	get 0.0004% / 1h	23m 29s	$743K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Coinbase International. 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 Coinbase InternationalbpFee Lighter RHbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$3.36
Price spread: −0.009% → +0.120%: −$12.93
Slippage, 4 orders: −$12.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$38.91
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Lighter RH: live order book, 4 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 Coinbase International live order book, 5 min ago	2.20 bp	8.0 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	2.47 bp	4.2 bp −$4	8.1 bp −$81	40.9 bp −$4,086	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
Hotstuff META-PERP	−0.0144%	1h	752.11	−0.040%	$34K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	749.99	−0.322%	$337K	$1.0M	20x	as long as short
Phoenix META	−0.0021%	1h	746.59	−0.774%	$315K	$622K	20x	as long as short
Nado META-PERP	−0.0009%	1h	752.30	−0.014%	$403K	$227K	20x	as long as short
Aster METAUSDT	0.0000%	8h	752.66	+0.033%	$463K	$449K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	752.00	−0.054%	$561K	$1.5M	17x	as long as short
Binance METAUSDT	0.0000%	8h	751.69	−0.096%	$28.2M	$163.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	751.43	−0.130%	$8.1M	$12.7M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	751.24	−0.156%	$6.1M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	751.89	−0.069%	$338K	$5.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METAUSDT	0.0000%	8h	751.14	−0.169%	$6.0M	$9.7M	100x	as long as short
Variational Omni META	0.0000%	8h	749.56	−0.379%	$1.6M	$2.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	750.02	−0.318%	$13K	$528K	10x	as long as short
SunX META-USDT	0.0000%	8h	753.20	+0.105%	$1K	$9.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	752.54	+0.017%	$107K	$283K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	752.90	+0.065%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0012%	1h	751.90	−0.068%	$2.3M	$13.4M	10x	as long as short
Lighter META	+0.0032%	1h	752.22	−0.025%	$878K	$2.5M	20x	as long as short
Lighter RH METAshort	+0.0032%	1h	752.34	−0.009%	$743K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	752.00	−0.054%	—	$9K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	752.31	−0.013%	$176K	$194K	20x	as long as short
Coinbase International META-PERP-INTXlong	+0.0048%	1h	752.41	long leg	$649K	$6.8M	10x
tradeXYZ xyz:META	+0.0050%	1h	752.11	−0.040%	$72.2M	$110.9M	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	751.64	−0.102%	$547K	$836K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	752.92	+0.068%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	751.90	−0.068%	$689K	$3.8M	10x	as long as short
Paradex META-USD-PERP	+0.0051%	8h	752.05	−0.048%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	751.83	−0.077%	$1.6M	$300K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	749.92	−0.331%	$168K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	753.10	+0.092%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	752.96	+0.073%	$271	—	10x	as long as short
Deribit META_USDC-PERPETUAL	+0.0122%	1h	752.84	+0.057%	$29K	$259K	10x	as long as short
Arcus META-USD	+0.0128%	1h	751.02	−0.185%	$267K	$311K	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	749.29	−0.415%	$170K	$42K	30x	as long as short
Aftermath Perps METAUSD	+0.0332%	1h	748.43	−0.529%	$42K	$49K	10x	as long as short
edgeX METAUSDC	+0.0728%	4h	749.99	−0.322%	$63K	$328K	10x	as long as short