META

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%

Price spread now: ApeX Omni against Lighter RH−0.104%78s7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as 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−$600.601% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.104%, 7d avg −0.060%

Together, before fees+0.167%+ Points / potential airdropLighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.044% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.060%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day). The two prices were read 78 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 RH META	741.12	0.0032	pay 0.0004% / 1h	43m 58s	$870K	$2.8M	20x
Short	ApeX Omni METAUSDT	740.35	0.0100	get 0.0013% / 1h	43m 58s	$166K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −0.104%Rate

Funding earned: $14.28
Price spread: −0.104% → −0.060%: −$4.42
Slippage, 4 orders: −$50.1
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.24
Costs to cover: 0.601%
Break-even: 31.6 days

Slippage from Lighter RH: live order book, 2 min ago; ApeX Omni: live order book, 65 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 RH live order book, 2 min ago	2.36 bp	2.4 bp −$2	5.6 bp −$56	47.2 bp −$4,716	doesn't fit
Sell ApeX Omni live order book, 65 min ago	2.62 bp	16.2 bp −$16	283.5 bp −$2,835	doesn't fit	doesn't fit

META on 37 exchanges

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	−0.1600%	1h	739.96	−0.157%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	740.88	−0.032%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	741.00	−0.016%	$492K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.83	−0.039%	$545K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.02	−0.013%	$25.8M	$192.6M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.70	−0.057%	$7.5M	$16.1M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.81	−0.042%	$6.0M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.49	−0.085%	$457K	$6.3M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.89	−0.031%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	740.35	−0.104%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	741.05	−0.010%	$12K	$431K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.95	−0.023%	$1K	$7.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	740.48	−0.086%	$36K	$257K	10x	as long as short
HTX META-USDT	0.0000%	8h	740.62	−0.067%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.33	+0.028%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	741.12	long leg	$870K	$2.8M	20x
QFEX META-USD	+0.0038%	1h	740.52	−0.081%	$2.2M	$14.0M	10x	as long as short
Arcus META-USD	+0.0040%	1h	740.40	−0.097%	$111K	$284K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.03	−0.012%	—	$11K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.40	−0.097%	$558K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.75	−0.050%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.72	−0.189%	$713K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0053%	8h	740.54	−0.078%	—	—	5x	as long as short
Coinbase International META-PERP-INTX	+0.0064%	1h	740.14	−0.132%	$648K	$7.6M	10x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	741.09	−0.004%	$53K	$86K	10x	as long as short
Popdex METAUSDT	+0.0080%	1h	740.78	−0.046%	$178K	$201K	20x	as long as short
Pacifica META	+0.0100%	1h	740.26	−0.116%	$604	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.07	−0.007%	$1.6M	$884K	20x	as long as short
ApeX Omni METAUSDTshort	+0.0100%	1h	740.35	−0.104%	$166K	$71K	50x
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.74	−0.051%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.53	−0.080%	$267	—	10x	as long as short
Nado META-PERP	+0.0110%	1h	740.37	−0.102%	$475K	$552K	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.75	+0.355%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0286%	1h	740.91	−0.028%	$86.0M	$135.5M	20x	as long as short
Lighter META	+0.0352%	1h	741.13	+0.001%	$1.2M	$2.7M	20x	as long as short
edgeX METAUSDC	+0.0604%	4h	740.81	−0.042%	$62K	$350K	10x	as long as short
Phoenix META	+0.0613%	1h	741.71	+0.080%	$792K	$1.5M	20x	as long as short