META

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against Lighter RH0.000%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$50.052% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now 0.000%, 7d avg −0.029%

Together, before fees+0.037%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.029% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	739.74	0.0032	pay 0.0004% / 1h	23m 15s	$750K	$3.2M	20x
Short	Lighter META	739.74	0.0232	get 0.0029% / 1h	23m 15s	$851K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $42
Price spread: 0.000% → −0.029%: $2.91
Slippage, 4 orders: −$5.18
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $39.73
Costs to cover: 0.052%
Break-even: 0.4 days

Slippage from Lighter RH: live order book, 5 min ago; Lighter: live order book, 4 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, 5 min ago	2.30 bp	2.3 bp −$2	5.3 bp −$53	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.20 bp	0.4 bp $0	3.6 bp −$36	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	739.51	−0.031%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0021%	1h	739.27	−0.064%	$423K	$391K	20x	as long as short
Aster METAUSDT	0.0000%	8h	739.71	−0.004%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.48	−0.036%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.64	−0.014%	$27.4M	$179.4M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.65	−0.012%	$7.6M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.68	−0.008%	$6.0M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.12	−0.084%	$352K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.48	−0.035%	$5.6M	$11.1M	100x	as long as short
Variational Omni META	0.0000%	8h	739.24	−0.067%	$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	739.70	−0.006%	$12K	$461K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.82	+0.011%	$908	$9.3M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	739.10	−0.087%	$30K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	739.44	−0.041%	$104K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	739.67	−0.009%	$2.0M	$8K	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	739.74	long leg	$750K	$3.2M	20x
Vest META-USD-PERP	+0.0046%	1h	739.88	+0.019%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.67	−0.009%	$177K	$195K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.42	−0.043%	$557K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.50	−0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	738.85	−0.120%	$676K	$4.4M	10x	as long as short
QFEX META-USD	+0.0055%	1h	739.52	−0.030%	$2.2M	$14.2M	10x	as long as short
Arcus META-USD	+0.0063%	1h	739.12	−0.084%	$110K	$331K	10x	as long as short
Paradex META-USD-PERP	+0.0064%	8h	739.32	−0.056%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0070%	1h	740.17	+0.059%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	739.73	−0.001%	$1.6M	$436K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.16	−0.078%	$166K	$72K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.67	−0.009%	$1K	$24	10x	as long as short
Hotstuff META-PERP	+0.0104%	1h	739.58	−0.022%	$33K	$105	20x	as long as short
Aevo META-PERP	+0.0104%	1h	739.45	−0.040%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0144%	1h	739.31	−0.058%	$613K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0167%	1h	739.63	−0.015%	$67.5M	$121.5M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	741.54	+0.243%	$171K	$48K	30x	as long as short
Lighter METAshort	+0.0232%	1h	739.74	0.000%	$851K	$2.5M	20x
Phoenix META	+0.0259%	1h	740.01	+0.036%	$291K	$930K	20x	as long as short
edgeX METAUSDC	+0.0648%	4h	739.65	−0.012%	$62K	$334K	10x	as long as short