META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter RH against Nado+0.045%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.045%, 7d avg +0.042%

Together, before fees+0.229%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado META-PERP	746.02	−0.0025	get 0.0003% / 1h	41m 05s	$482K	$553K	20x
Short	Lighter RH META	746.36	0.0032	get 0.0004% / 1h	41m 05s	$783K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Nado. 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 NadobpFee Lighter RHbpOrdersPrice spread, now +0.045%Rate

Funding earned: $12.02
Price spread: +0.045% → +0.042%: $0.28
Slippage, 4 orders: −$18.38
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.09
Costs to cover: 0.254%
Break-even: 14.6 days

Slippage from Nado: live order book, 12 min ago; Lighter RH: live order book, 2 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 Nado live order book, 12 min ago	0.67 bp	13.6 bp −$14	99.7 bp −$997	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.61 bp	3.2 bp −$3	7.0 bp −$70	55.8 bp −$5,585	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	745.98	−0.006%	$329K	$1.1M	20x	as long as short
Nado META-PERPlong	−0.0025%	1h	746.02	long leg	$482K	$553K	20x
Aster METAUSDT	0.0000%	8h	745.80	−0.030%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.96	−0.008%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	+0.003%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.01	−0.002%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.06	+0.005%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.58	−0.059%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.18	+0.021%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	0.000%	$2.4M	$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	745.25	−0.103%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.13	+0.014%	$764	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.44	−0.078%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.92	−0.014%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.86	−0.022%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	746.36	+0.045%	$783K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	745.31	−0.096%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.50	+0.064%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.38	+0.048%	$180K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	−0.016%	$587K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	746.22	+0.026%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	745.55	−0.063%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.14	+0.016%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.91	−0.016%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0092%	8h	746.21	+0.025%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.88	−0.019%	$1.6M	$606K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.097%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.10	+0.010%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.07	+0.006%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.110%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.154%	$172K	$48K	30x	as long as short
Lighter META	+0.0224%	1h	746.33	+0.041%	$865K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0240%	1h	746.47	+0.060%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0335%	1h	746.11	+0.012%	$70.2M	$121.1M	20x	as long as short
edgeX METAUSDC	+0.0515%	4h	745.73	−0.040%	$62K	$336K	10x	as long as short
Phoenix META	+0.0633%	1h	746.93	+0.122%	$777K	$1.4M	20x	as long as short