META

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter RH against Deribit+0.072%7-day average +0.068% · 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−$18as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Deribit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.072%, 7d avg +0.068%

Together, before fees−0.117%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	745.25	0.0072	pay 0.0009% / 1h	45m 05s	$31K	$256K	10x
Short	Lighter RH META	745.79	0.0056	get 0.0007% / 1h	45m 05s	$770K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Deribit. 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 DeribitbpFee Lighter RHbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$3.39
Price spread: +0.072% → +0.068%: $0.48
Slippage, 4 orders: −$11.13
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.04
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 3 min ago	0.07 bp	11.3 bp −$11	12.9 bp −$129	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.07 bp	2.0 bp −$2	5.3 bp −$53	42.7 bp −$4,270	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	745.65	+0.054%	$333K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	746.23	+0.131%	$492K	$577K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.54	+0.039%	$547K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.72	+0.063%	$28.3M	$181.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.68	+0.058%	$7.4M	$14.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.77	+0.070%	$6.0M	$12.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.11	−0.019%	$434K	$5.9M	100x	as long as short
Variational Omni META	0.0000%	8h	745.64	+0.053%	$2.4M	$3.2M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	745.37	+0.016%	$12K	$450K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.81	+0.075%	$823	$8.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX META-USDT	0.0000%	8h	745.54	+0.039%	$106K	$305K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.91	+0.089%	$2.0M	$8K	10x	as long as short
Arcus META-USD	+0.0040%	1h	745.21	−0.005%	$111K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.70	+0.060%	—	$11K	25x	as long as short
QFEX META-USD	+0.0046%	1h	745.62	+0.050%	$2.2M	$13.7M	10x	as long as short
Bitget METAUSDT	+0.0049%	8h	745.76	+0.068%	$5.4M	$11.9M	100x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.26	+0.001%	$586K	$564K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.62	+0.050%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.04	−0.028%	$758K	$4.5M	10x	as long as short
Nado META-PERP	+0.0055%	1h	745.04	−0.028%	$482K	$556K	20x	as long as short
Lighter RH METAshort	+0.0056%	1h	745.79	+0.072%	$770K	$2.9M	20x
Deribit META_USDC-PERPETUALlong	+0.0072%	1h	745.25	long leg	$31K	$256K	10x
Paradex META-USD-PERP	+0.0078%	8h	745.43	+0.024%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	746.29	+0.140%	$52K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.71	+0.062%	$1.6M	$634K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	744.41	−0.113%	$167K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.59	+0.046%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.47	+0.029%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	746.41	+0.156%	$671K	$7.6M	10x	as long as short
Popdex METAUSDT	+0.0136%	1h	745.77	+0.070%	$179K	$199K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	748.43	+0.427%	$173K	$46K	30x	as long as short
edgeX METAUSDC	+0.0361%	4h	745.34	+0.012%	$62K	$340K	10x	as long as short
Lighter META	+0.0384%	1h	745.88	+0.085%	$984K	$2.5M	20x	as long as short
Hotstuff META-PERP	+0.0448%	1h	745.82	+0.076%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0523%	1h	745.81	+0.075%	$72.5M	$122.9M	20x	as long as short
Phoenix META	+0.0685%	1h	746.70	+0.195%	$797K	$1.4M	20x	as long as short