META

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h −0.003%

Price spread now: Ondo Perps against Lighter RH−0.111%7-day average −0.089% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.111%, 7d avg −0.089%

Together, before fees+0.133%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.021% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.089%). If the spread goes back, that is −$2 on $10k: about 3.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH META	740.68	0.0032	pay 0.0004% / 1h	56m 06s	$753K	$3.0M	20x
Short	Ondo Perps META-USD.P	739.86	0.0050	get 0.0006% / 1h	56m 06s	$693K	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.111%Rate

Funding earned: $3.86
Price spread: −0.111% → −0.089%: −$2.14
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.27
Costs to cover: 0.050%
Break-even: 12.9 days

Slippage unknown: Lighter RH: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 2 min ago	1.69 bp	2.2 bp −$2	4.2 bp −$42	44.2 bp −$4,419	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado META-PERP	−0.0220%	1h	740.34	−0.046%	$491K	$531K	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0155%	1h	739.89	−0.107%	$30K	$246K	10x	as long as short
BloFin META-USDT	−0.0120%	8h	740.46	−0.030%	$325K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	740.42	−0.036%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	740.23	−0.060%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	740.44	−0.032%	$27.4M	$179.9M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	740.43	−0.034%	$7.5M	$14.0M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	740.26	−0.057%	$5.9M	$13.3M	20x	as long as short
Gate META_USDT	0.0000%	8h	740.20	−0.065%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	740.48	−0.027%	$5.6M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	740.37	−0.042%	$2.4M	$3.3M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.42	−0.035%	$12K	$452K	10x	as long as short
SunX META-USDT	0.0000%	8h	740.46	−0.030%	$994	$9.3M	20x	as long as short
HTX META-USDT	0.0000%	8h	740.18	−0.068%	$105K	$295K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.58	−0.014%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	740.23	−0.061%	$2.2M	$14.1M	10x	as long as short
Lighter RH METAlong	+0.0032%	1h	740.68	long leg	$753K	$3.0M	20x
Hotstuff META-PERP	+0.0032%	1h	740.55	−0.018%	$33K	$105	20x	as long as short
Arcus META-USD	+0.0040%	1h	739.99	−0.093%	$110K	$331K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	740.84	+0.022%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	740.41	−0.036%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	740.20	−0.065%	$558K	$857K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	740.44	−0.032%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.Pshort	+0.0050%	1h	739.86	−0.111%	$693K	$4.4M	10x
Lighter META	+0.0056%	1h	740.64	−0.005%	$857K	$2.4M	20x	as long as short
Paradex META-USD-PERP	+0.0059%	8h	740.34	−0.045%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0067%	1h	741.10	+0.057%	$48K	$80K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	740.59	−0.012%	$1.6M	$458K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	739.87	−0.109%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	740.44	−0.032%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	740.24	−0.060%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	740.19	−0.066%	$610K	$7.3M	10x	as long as short
tradeXYZ xyz:META	+0.0170%	1h	740.65	−0.004%	$68.0M	$121.2M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.82	+0.289%	$171K	$48K	30x	as long as short
Phoenix META	+0.0259%	1h	741.02	+0.046%	$347K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0371%	4h	740.31	−0.051%	$62K	$333K	10x	as long as short