Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.008%

Price spread now: Lighter RH against OKX+0.046%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.046%, 7d avg −0.015%

Together, before fees+0.073%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.061% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX META-USDT-SWAP	743.35	0	get 0.0000% / 8h	4h 05m	$6.0M	$13.5M	20x
Short	Lighter RH META	743.69	0.0032	get 0.0004% / 1h	5m 35s	$778K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now +0.046%Rate

Funding earned: $6.72
Price spread: +0.046% → −0.015%: $6.12
Slippage, 4 orders: −$9.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.18
Costs to cover: 0.190%
Break-even: 13.4 days

Slippage from OKX: live order book, 3 min ago; Lighter RH: 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 OKX live order book, 3 min ago	0.07 bp	8.9 bp −$9	22.5 bp −$225	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.08 bp	1.4 bp −$1	3.0 bp −$30	41.6 bp −$4,163	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	743.85	+0.067%	$329K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.18	−0.023%	$468K	$553K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	743.37	+0.002%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	743.44	+0.012%	$28.4M	$182.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	743.80	+0.061%	$7.7M	$14.1M	100x	as long as short
OKX META-USDT-SWAPlong	0.0000%	8h	743.35	long leg	$6.0M	$13.5M	20x
Gate META_USDT	0.0000%	8h	743.01	−0.046%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	743.51	+0.022%	$5.4M	$11.7M	100x	as long as short
Variational Omni META	0.0000%	8h	743.51	+0.022%	$2.4M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	743.83	+0.065%	$12K	$448K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX META-USDT	0.0000%	8h	743.53	+0.024%	$1K	$9.1M	20x	as long as short
HTX META-USDT	0.0000%	8h	743.33	−0.003%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	744.06	+0.096%	$2.0M	$8K	10x	as long as short
Nado META-PERP	+0.0002%	1h	742.90	−0.060%	$480K	$553K	20x	as long as short
Lighter RH METAshort	+0.0032%	1h	743.69	+0.046%	$778K	$3.1M	20x
QFEX META-USD	+0.0036%	1h	743.30	−0.007%	$2.2M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	743.38	+0.004%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	743.52	+0.023%	—	$10K	25x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	743.25	−0.013%	$585K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	743.50	+0.020%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	742.84	−0.069%	$819K	$4.6M	10x	as long as short
Aftermath Perps METAUSD	+0.0083%	1h	744.12	+0.104%	$52K	$82K	10x	as long as short
Popdex METAUSDT	+0.0096%	1h	743.51	+0.022%	$179K	$199K	20x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	743.68	+0.044%	$1.6M	$556K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.70	−0.087%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	743.29	−0.008%	$1K	$24	10x	as long as short
Paradex META-USD-PERP	+0.0103%	8h	743.48	+0.017%	—	—	5x	as long as short
Aevo META-PERP	+0.0104%	1h	743.39	+0.005%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	743.76	+0.055%	$615K	$7.3M	10x	as long as short
Hotstuff META-PERP	+0.0192%	1h	743.50	+0.020%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.14	+0.375%	$172K	$48K	30x	as long as short
Lighter META	+0.0296%	1h	743.75	+0.054%	$865K	$2.5M	20x	as long as short
tradeXYZ xyz:META	+0.0300%	1h	743.50	+0.020%	$69.6M	$120.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0329%	1h	743.03	−0.043%	$31K	$246K	10x	as long as short
Phoenix META	+0.0591%	1h	744.96	+0.217%	$718K	$1.2M	20x	as long as short
edgeX METAUSDC	+0.0935%	4h	743.70	+0.047%	$62K	$337K	10x	as long as short