After costs, if the gap returns to its 7d average, $10k+$29
spread now+0.480%7d average−0.016%fees + slippage, in and out−$21spread needed0.206%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH META | 680.74 | 0.0032 | pay 0.0004% / 1h | 29m 26s | $931K | $1.6M | 20x |
| Short | Binance METAUSDT | 684.01 | 0.0059 | get 0.0059% / 8h | 2h 29m | $24.3M | $37.6M | 20x |
Lighter RH META
Binance METAUSDTPrice 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
- $48.03
- Funding while held
- $0.81
- Slippage, 4 orders
- −$10.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $28.26
- Spread needed to break even
- 0.206%
Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 14 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0027%
- Per $10,000 a day
- +$0.81
- 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 RH live order book, 5 min ago | 3.31 bp | 3.9 bp −$4 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.07 bp | 7.2 bp −$7 | 12.5 bp −$125 | 45.1 bp −$4,514 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International679.54cheapestInjective679.78+0.035%Deribit680.02+0.071%Aevo680.09+0.081%Hotstuff680.17+0.093%ApeX Omni680.26+0.106%edgeX680.29+0.110%KuCoin680.36+0.121%SoDEX680.36+0.121%HTX680.37+0.122%Aftermath Perps680.38+0.124%Variational Omni680.39+0.125%Orderly680.48+0.138%Paradex680.58+0.152%Phemex680.59+0.155%Phoenix680.65+0.163%SunX680.65+0.163%Gate680.70+0.171%
Coinbase International
Injective
Deribit
Aevo
Hotstuff
ApeX Omni
KuCoin
SoDEX
HTX
Variational Omni
Orderly
Paradex
Phemex
Phoenix
SunX
GateLighter RH680.74+0.177%
Lighter680.76+0.180%BloFin680.78+0.182%Extended680.86+0.195%Arcus681.85+0.340%Aster681.93+0.352%Nado682.07+0.372%QFEX682.51+0.437%Polymarket Perps683.41+0.570%Bybit683.50+0.583%Vest683.58+0.595%
Lighter
BloFin
Extended
Arcus
Aster
Nado
QFEX
Polymarket Perps
Bybit
VestBinance684.01+0.658%
OKX684.04+0.662%Popdex684.54+0.736%Ondo Perps685.30+0.848%Bitget685.45+0.870%tradeXYZ685.88+0.933%
OKX
Popdex
Ondo Perps
Bitget
tradeXYZMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International META-PERP-INTX | −0.176% | +0.0104% | 1h | $710K | $3.1M | 10x | as long as short |
| Injective META/USDC PERP | −0.141% | +0.0220% | 1h | $205K | $149K | 30x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.106% | 0.0000% | 1h | $33K | $236K | 10x | as long as short |
| Aevo META-PERP | −0.095% | +0.0104% | 1h | $245 | — | 10x | as long as short |
| Hotstuff META-PERP | −0.084% | +0.0048% | 1h | $30K | — | 20x | as long as short |
| ApeX Omni METAUSDT | −0.071% | +0.0100% | 1h | $83K | $34K | 50x | as long as short |
| edgeX METAUSDC | −0.066% | +0.0367% | 4h | $57K | $323K | 10x | as long as short |
| KuCoin METAUSDTM | −0.056% | +0.0100% | 8h | $1.4M | $73K | 20x | as long as short |
| SoDEX META-USD | −0.056% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| HTX META-USDT | −0.054% | 0.0000% | 8h | $100K | $245K | 30x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps METAUSD | −0.052% | +0.0045% | 1h | $39K | $44K | 10x | as long as short |
| Variational Omni META | −0.051% | 0.0000% | 8h | $1.6M | $1.1M | — | as long as short |
| Orderly PERP_META_USDC_mythos | −0.038% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Paradex META-USD-PERP | −0.024% | +0.0059% | 8h | — | — | 5x | as long as short |
| Phemex METAUSDT | −0.022% | 0.0000% | 4h | $1.8M | $4K | 10x | as long as short |
| Phoenix META | −0.013% | +0.0211% | 1h | $254K | $145K | 20x | as long as short |
| SunX META-USDT | −0.013% | 0.0000% | 8h | $813 | $4.6M | 20x | as long as short |
| Gate META_USDT | −0.006% | 0.0000% | 8h | $450K | $1.4M | 100x | as long as short |
| Lighter RH METAlong | 0.000% | +0.0032% | 1h | $931K | $1.6M | 20x | |
| Lighter META | +0.003% | +0.0128% | 1h | $690K | $1.6M | 20x | as long as short |
| BloFin META-USDT | +0.006% | −0.0061% | 8h | $330K | $295K | 20x | as long as short |
| Extended META_24_5-USD | +0.018% | +0.0056% | 1h | $494K | $1.2M | 17x | as long as short |
| Arcus META-USD | +0.163% | +0.0472% | 1h | $272K | $219K | 10x | as long as short |
| Aster METAUSDT | +0.175% | 0.0000% | 8h | $451K | $7K | 20x | as long as short |
| Nado META-PERP | +0.195% | +0.0057% | 1h | $428K | $58K | 20x | as long as short |
| QFEX META-USD | +0.260% | +0.0050% | 1h | $1.8M | $3.9M | 10x | as long as short |
| Polymarket Perps META-USD | +0.392% | +0.0055% | 1h | $626K | $388K | 10x | as long as short |
| Bybit METAUSDT | +0.405% | +0.0117% | 8h | $6.7M | $4.1M | 100x | as long as short |
| Vest META-USD-PERP | +0.417% | +0.0046% | 1h | — | $3K | 25x | as long as short |
| Binance METAUSDTshort | +0.480% | +0.0059% | 8h | $24.3M | $37.6M | 20x | |
| OKX META-USDT-SWAP | +0.485% | 0.0000% | 8h | $5.8M | $4.4M | 20x | as long as short |
| Popdex METAUSDT | +0.558% | +0.0096% | 1h | $164K | $134K | 20x | as long as short |
| Ondo Perps META-USD.P | +0.670% | +0.0050% | 1h | $1.1M | $1.8M | 10x | as long as short |
| Bitget METAUSDT | +0.692% | +0.0011% | 8h | $4.7M | $4.0M | 100x | as long as short |
| tradeXYZ xyz:META | +0.755% | +0.0101% | 1h | $71.8M | $21.9M | 20x | as long as short |