Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.022%

Price spread now: BloFin against Lighter RH+0.001%61s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$170.168% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.001%, 7d avg +0.005%

Together, before fees−0.159%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 61 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	739.76	0.0032	pay 0.0004% / 1h	23m 59s	$750K	$3.2M	20x
Short	BloFin META-USDT	739.77	−0.0120	pay 0.0120% / 8h	7h 23m	$328K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$31.92
Price spread: +0.001% → +0.005%: −$0.4
Slippage, 4 orders: −$4.82
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$49.14
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago	2.30 bp	2.3 bp −$2	5.3 bp −$53	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.07 bp	6.1 bp −$6	9.5 bp −$95	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-USDTshort	−0.0120%	8h	739.77	+0.001%	$328K	$1.1M	20x
Nado META-PERP	−0.0016%	1h	739.29	−0.063%	$423K	$388K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.67	−0.012%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.41	−0.047%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.59	−0.022%	$27.4M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.69	−0.009%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.61	−0.020%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.087%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	−0.038%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.070%	$2.3M	$3.3M	—	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	739.40	−0.048%	$12K	$471K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.01	+0.034%	$909	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.09	−0.091%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.38	−0.051%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.70	−0.008%	$2.0M	$8K	10x	as long as short
edgeX METAUSDC	+0.0007%	4h	739.30	−0.062%	$62K	$333K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	739.76	long leg	$750K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	739.89	+0.018%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.56	−0.027%	$177K	$194K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.34	−0.057%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.56	−0.027%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.84	−0.124%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.48	−0.038%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.11	−0.088%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0065%	8h	739.38	−0.052%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.09	+0.045%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.64	−0.016%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.081%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.64	−0.016%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.58	−0.024%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.44	−0.043%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.061%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0168%	1h	739.58	−0.024%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	740.90	+0.154%	$171K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	739.69	−0.009%	$851K	$2.5M	20x	as long as short
Phoenix META	+0.0259%	1h	739.71	−0.007%	$286K	$930K	20x	as long as short