Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.017%
Price spread now: Lighter against Injective−0.285%7-day average −0.309% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.315%−$31 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.285%, 7d avg −0.309%
=Together, before fees−0.216%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.024% dearer against Injective than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.309%. Mind the row above: over the last 7 days funding on this pair cost −0.315%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective META/USDC PERP | 748.03 | 0.0220 | pay 0.0028% / 1h | 3m 13s | $172K | $46K | 30x |
| Short | Lighter META | 745.90 | 0.0296 | get 0.0037% / 1h | 3m 13s | $1.1M | $2.7M | 20x |
Injective META/USDC PERP
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $15.96
- Price spread: −0.285% → −0.309%
- $2.39
- Slippage, 4 orders
- −$57.17
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.83
- Costs to cover
- 0.572%
- Break-even
- 24.0 days
Slippage from Injective: live order book, 46 min ago; Lighter: 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 Injective live order book, 46 min ago | 19.96 bp | 20.0 bp −$20 | 9885.4 bp −$98.9K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.74 bp | 0.9 bp −$1 | 2.8 bp −$28 | doesn't fit | 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 | 745.68 | −0.314% | $329K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0004% | 1h | 745.52 | −0.335% | $483K | $557K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.38 | −0.354% | $480K | $590K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.32 | −0.363% | $549K | $2.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.54 | −0.333% | $27.7M | $182.7M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 745.38 | −0.354% | $7.3M | $15.1M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.68 | −0.314% | $6.1M | $12.5M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.06 | −0.397% | $433K | $6.0M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.60 | −0.325% | $5.5M | $12.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 746.12 | −0.255% | $2.4M | $3.3M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 746.23 | −0.241% | $12K | $440K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.31 | −0.364% | $1K | $8.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.99 | −0.406% | $31K | $263K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.58 | −0.328% | $106K | $306K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.84 | −0.293% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 745.84 | −0.293% | $775K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.38 | −0.354% | $110K | $332K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.13 | −0.254% | — | $11K | 25x | as long as short |
| QFEX META-USD | +0.0046% | 1h | 745.33 | −0.361% | $2.2M | $13.9M | 10x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.53 | −0.334% | $178K | $200K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.06 | −0.397% | $586K | $562K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.55 | −0.332% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.16 | −0.384% | $752K | $4.9M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0066% | 8h | 745.66 | −0.316% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0083% | 1h | 746.54 | −0.200% | $52K | $81K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.49 | −0.340% | $1.6M | $658K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.28 | −0.368% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.52 | −0.336% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.39 | −0.354% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0128% | 1h | 745.18 | −0.381% | $657K | $7.8M | 10x | as long as short |
| Injective META/USDC PERPlong | +0.0220% | 1h | 748.03 | long leg | $172K | $46K | 30x | |
| Lighter METAshort | +0.0296% | 1h | 745.90 | −0.285% | $1.1M | $2.7M | 20x | |
| Hotstuff META-PERP | +0.0360% | 1h | 746.18 | −0.247% | $33K | $105 | 20x | as long as short |
| tradeXYZ xyz:META | +0.0452% | 1h | 745.91 | −0.283% | $76.3M | $125.8M | 20x | as long as short |
| edgeX METAUSDC | +0.0547% | 4h | 745.87 | −0.289% | $62K | $341K | 10x | as long as short |
| Phoenix META | +0.0685% | 1h | 747.34 | −0.092% | $798K | $1.4M | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
QFEX META-USD
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
tradeXYZ xyz:META
edgeX METAUSDC
Phoenix META