META

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.048%

Price spread now: Arcus against Lighter RH−0.073%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Lighter RH Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.073%, 7d avg −0.036%

Together, before fees+0.241%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.037% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	742.57	0.0032	pay 0.0004% / 1h	35m 42s	$768K	$3.0M	20x
Short	Arcus META-USD	742.03	0.0040	get 0.0005% / 1h	35m 42s	$110K	$330K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.073%Rate

Funding earned: $1.74
Price spread: −0.073% → −0.036%: −$3.67
Slippage, 4 orders: −$19.44
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.88
Costs to cover: 0.239%
Break-even: 111.2 days

Slippage from Lighter RH: live order book, 3 min ago; Arcus: live order book, 23 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, 3 min ago	1.14 bp	2.2 bp −$2	5.4 bp −$54	doesn't fit	doesn't fit
Sell Arcus live order book, 23 min ago	3.30 bp	11.5 bp −$12	14.3 bp −$143	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	742.41	−0.022%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0034%	1h	741.95	−0.084%	$480K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.33	−0.032%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.31	−0.034%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.50	−0.009%	$27.5M	$180.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.24	−0.044%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.51	−0.008%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.17	−0.054%	$364K	$5.7M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.37	−0.027%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	742.38	−0.026%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	742.51	−0.008%	$12K	$440K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.62	+0.007%	$901	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	741.90	−0.090%	$31K	$245K	10x	as long as short
HTX META-USDT	0.0000%	8h	742.30	−0.036%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.35	−0.030%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	742.57	long leg	$768K	$3.0M	20x
QFEX META-USD	+0.0036%	1h	742.40	−0.023%	$2.1M	$13.7M	10x	as long as short
Arcus META-USDshort	+0.0040%	1h	742.03	−0.073%	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	742.52	−0.007%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.36	−0.028%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.20	−0.050%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.37	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.77	−0.108%	$709K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0063%	8h	742.24	−0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0080%	1h	743.15	+0.078%	$51K	$82K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.58	+0.001%	$1.6M	$541K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	741.72	−0.114%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	−0.026%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.27	−0.040%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.02	−0.074%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0152%	1h	742.44	−0.018%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.47	+0.256%	$172K	$48K	30x	as long as short
Lighter META	+0.0240%	1h	742.53	−0.005%	$858K	$2.4M	20x	as long as short
tradeXYZ xyz:META	+0.0279%	1h	742.44	−0.018%	$69.5M	$120.3M	20x	as long as short
edgeX METAUSDC	+0.0506%	4h	742.22	−0.047%	$62K	$336K	10x	as long as short
Phoenix META	+0.0591%	1h	743.35	+0.105%	$652K	$1.2M	20x	as long as short