META

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Lighter RH−0.097%7-day average −0.042% · 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−$33as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.097%, 7d avg −0.042%

Together, before fees−0.151%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.055% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	741.93	0.0032	pay 0.0004% / 1h	12m 36s	$761K	$3.2M	20x
Short	Nado META-PERP	741.21	0.0000	pay 0.0000% / 1h	12m 36s	$385K	$332K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.097%Rate

Funding earned: −$6.78
Price spread: −0.097% → −0.042%: −$5.5
Slippage, 4 orders: −$20.27
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$39.54
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; Nado: 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, 6 min ago	0.20 bp	0.8 bp −$1	4.9 bp −$49	45.3 bp −$4,528	doesn't fit
Sell Nado live order book, 65 min ago	0.14 bp	10.8 bp −$11	34.6 bp −$346	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	741.71	−0.030%	$328K	$1.1M	20x	as long as short
Nado META-PERPshort	0.0000%	1h	741.21	−0.097%	$385K	$332K	20x
Aster METAUSDT	0.0000%	8h	741.91	−0.003%	$457K	$540K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	741.70	−0.030%	$549K	$1.6M	17x	as long as short
Binance METAUSDT	0.0000%	8h	741.88	−0.007%	$27.4M	$180.0M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	741.75	−0.024%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	741.92	−0.001%	$6.0M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	741.35	−0.078%	$344K	$5.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	741.79	−0.019%	$5.6M	$11.4M	100x	as long as short
Variational Omni META	0.0000%	8h	741.89	−0.006%	$2.3M	$3.2M	—	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	741.81	−0.017%	$12K	$482K	10x	as long as short
SunX META-USDT	0.0000%	8h	741.48	−0.061%	$744	$9.5M	20x	as long as short
HTX META-USDT	0.0000%	8h	741.49	−0.059%	$107K	$285K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	741.94	+0.001%	$2.0M	$7K	10x	as long as short
QFEX META-USD	+0.0027%	1h	741.83	−0.013%	$2.2M	$14.3M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	741.93	long leg	$761K	$3.2M	20x
Arcus META-USD	+0.0040%	1h	741.43	−0.067%	$110K	$454K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	741.60	−0.044%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	741.82	−0.015%	$178K	$209K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	741.53	−0.054%	$550K	$849K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	741.57	−0.049%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	740.92	−0.136%	$759K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	741.57	−0.049%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0071%	1h	742.32	+0.052%	$50K	$76K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	741.24	−0.093%	$608K	$7.4M	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	741.71	−0.030%	$1.6M	$399K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	740.93	−0.135%	$166K	$74K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	741.52	−0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	741.53	−0.053%	$267	—	10x	as long as short
Phoenix META	+0.0129%	1h	741.77	−0.022%	$291K	$797K	20x	as long as short
Hotstuff META-PERP	+0.0168%	1h	741.59	−0.046%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	743.58	+0.222%	$169K	$46K	30x	as long as short
Lighter META	+0.0248%	1h	742.00	+0.009%	$860K	$2.6M	20x	as long as short
tradeXYZ xyz:META	+0.0264%	1h	741.72	−0.028%	$67.7M	$122.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0465%	1h	741.55	−0.051%	$30K	$258K	10x	as long as short
edgeX METAUSDC	+0.0727%	4h	741.69	−0.032%	$62K	$334K	10x	as long as short