Spread before costs (cost unknown: a leg has no order-book sample)−0.253%
7d average—if it closes, per $10,000$25funding while held, a day+$2.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter META | 726.54 | 0.0032 | pay 0.0004% / 1h | 43m 36s | $699K | $2.2M | 20x |
| Short | Hotstuff META-PERP | 724.70 | 0.0104 | get 0.0013% / 1h | 43m 36s | $32K | $105 | 20x |
Lighter META
Hotstuff META-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$25.33
- Funding while held
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$28.17
- Spread needed to break even
- 0.050%
Slippage unknown: Lighter: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0072%
- Per $10,000 a day
- +$2.16
- Average in range /8h
- —
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 Lighter live order book, 5 min ago | 0.90 bp | 1.0 bp −$1 | 3.1 bp −$31 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META price on every exchange
against the cheapest. Click to use as the short leg.BloFin724.24cheapestOndo Perps724.33+0.012%Aftermath Perps724.53+0.039%ApeX Omni724.53+0.040%Phoenix724.63+0.054%Nado724.69+0.062%
BloFin
Ondo Perps
ApeX Omni
Phoenix
NadoHotstuff724.70+0.064%
edgeX725.00+0.105%Deribit725.36+0.155%SoDEX725.39+0.159%Phemex725.42+0.163%Aevo725.43+0.165%Polymarket Perps725.46+0.168%Coinbase International725.48+0.171%Vest725.52+0.177%Orderly725.61+0.189%Injective725.65+0.195%SunX725.67+0.197%HTX725.73+0.206%KuCoin725.80+0.215%Aster725.83+0.219%Variational Omni725.85+0.222%Bitget726.28+0.282%Gate726.34+0.290%tradeXYZ726.38+0.295%Paradex726.44+0.304%Bybit726.49+0.311%
Deribit
SoDEX
Phemex
Aevo
Polymarket Perps
Coinbase International
Vest
Orderly
Injective
SunX
HTX
KuCoin
Aster
Variational Omni
Bitget
Gate
tradeXYZ
Paradex
BybitLighter726.54+0.318%
Lighter RH726.61+0.327%Extended726.73+0.344%Binance726.77+0.349%Arcus726.86+0.362%QFEX726.87+0.363%OKX726.88+0.365%Popdex726.90+0.367%
Lighter RH
Extended
Binance
Arcus
QFEX
OKX
PopdexMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.317% | −0.0120% | 8h | $324K | $561K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.304% | +0.0050% | 1h | $847K | $2.7M | 10x | as long as short |
| Aftermath Perps METAUSD | −0.277% | +0.0230% | 1h | $43K | $47K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.277% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Phoenix META | −0.263% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| Nado META-PERP | −0.255% | +0.0016% | 1h | $393K | $121K | 20x | as long as short |
| Hotstuff META-PERPshort | −0.253% | +0.0104% | 1h | $32K | $105 | 20x | |
| edgeX METAUSDC | −0.212% | +0.0879% | 4h | $61K | $325K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.162% | 0.0000% | 1h | $28K | $259K | 10x | as long as short |
| SoDEX META-USD | −0.158% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |