Funding you earn now, next payment 07:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h +0.016%
Price spread now: Injective against Lighter+0.885%66s7-day average +0.309% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days+0.311%+$31 on $10k
+Price spread, last 4 days (all we have)−0.700%−$70 · spread now +0.885%, 7d avg +0.309%
=Together, before fees−0.388%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.577% dearer against Lighter than usual: you sell high and buy low (spread +0.885% now, against its 7-day average of +0.309%): +$58 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +0.311%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter META | 746.50 | 0.0352 | pay 0.0044% / 1h | 53m 44s | $1.1M | $2.7M | 20x |
| Short | Injective META/USDC PERP | 753.11 | 0.0220 | get 0.0028% / 1h | 53m 44s | $174K | $46K | 30x |
Lighter META
Injective META/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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
- −$27.72
- Price spread: +0.885% → +0.309%
- $57.68
- Slippage, 4 orders
- −$56.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$26.67
- Costs to cover
- 0.566%
- Break-even
- from the start
Slippage from Lighter: live order book, 3 min ago; Injective: live order book, 55 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 Lighter live order book, 3 min ago | 0.27 bp | 1.2 bp −$1 | 1.6 bp −$16 | doesn't fit | doesn't fit |
| Sell Injective live order book, 55 min ago | 19.96 bp | 35.1 bp −$35 | doesn't fit | 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 | 745.99 | −0.068% | $332K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0047% | 1h | 745.61 | −0.120% | $483K | $557K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 745.81 | −0.092% | $479K | $592K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 745.91 | −0.079% | $552K | $2.6M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 746.05 | −0.060% | $27.0M | $184.5M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 746.06 | −0.059% | $7.3M | $15.2M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 745.99 | −0.068% | $6.1M | $12.6M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 745.53 | −0.130% | $435K | $6.0M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 745.99 | −0.068% | $5.5M | $12.2M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 745.55 | −0.127% | $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 | 745.83 | −0.090% | $12K | $438K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 745.70 | −0.107% | $576 | $8.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 745.78 | −0.096% | $31K | $265K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 745.64 | −0.115% | $106K | $306K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 746.02 | −0.064% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0031% | 1h | 745.76 | −0.099% | $2.2M | $13.9M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 746.33 | −0.023% | $788K | $2.9M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 745.44 | −0.142% | $110K | $332K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 746.07 | −0.058% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 745.88 | −0.083% | $178K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 745.45 | −0.141% | $587K | $567K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 745.90 | −0.080% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 745.59 | −0.122% | $711K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0064% | 8h | 745.88 | −0.084% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0084% | 1h | 746.60 | +0.013% | $52K | $81K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.79 | −0.095% | $1.6M | $664K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.09 | −0.189% | $167K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.90 | −0.080% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.75 | −0.101% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 745.35 | −0.154% | $670K | $7.9M | 10x | as long as short |
| Injective META/USDC PERPshort | +0.0220% | 1h | 753.11 | +0.885% | $174K | $46K | 30x | |
| Lighter METAlong | +0.0352% | 1h | 746.50 | long leg | $1.1M | $2.7M | 20x | |
| tradeXYZ xyz:META | +0.0559% | 1h | 746.55 | +0.007% | $76.8M | $126.3M | 20x | as long as short |
| Hotstuff META-PERP | +0.0560% | 1h | 746.49 | −0.001% | $33K | $105 | 20x | as long as short |
| Phoenix META | +0.0685% | 1h | 746.90 | +0.054% | $797K | $1.5M | 20x | as long as short |
| edgeX METAUSDC | +0.0887% | 4h | 745.56 | −0.126% | $62K | $341K | 10x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
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
tradeXYZ xyz:META
Hotstuff META-PERP
Phoenix META
edgeX METAUSDC