Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Orderly+0.023%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.023% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_META_USDC_mythos | 739.77 | 0.0100 | pay 0.0100% / 8h | 7h 24m | $1K | $24 | 10x |
| Short | Lighter META | 739.94 | 0.0232 | get 0.0029% / 1h | 24m 55s | $851K | $2.5M | 20x |
Orderly PERP_META_USDC_mythos
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $27.72
- Price spread: +0.023% → 0.000%
- $2.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $24.02
- Costs to cover
- 0.060%
- Break-even
- 0.9 days
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 2 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 2 min ago | 0.20 bp | 0.4 bp $0 | 3.6 bp −$36 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 739.77 | 0.000% | $328K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0011% | 1h | 739.50 | −0.036% | $422K | $382K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 739.77 | +0.001% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.63 | −0.019% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 739.73 | −0.005% | $27.4M | $179.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 739.74 | −0.004% | $7.6M | $14.0M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 739.82 | +0.007% | $6.0M | $13.2M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.21 | −0.076% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 739.70 | −0.009% | $5.6M | $11.1M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 739.24 | −0.071% | $2.3M | $3.3M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perp | 0.0000% | 8h | 739.40 | −0.049% | $12K | $471K | 10x | as long as short |
| SunX META-USDT | 0.0000% | 8h | 740.33 | +0.076% | $876 | $9.3M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.25 | −0.070% | $30K | $246K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 739.63 | −0.019% | $104K | $295K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 739.88 | +0.015% | $2.0M | $8K | 10x | as long as short |
| edgeX METAUSDC | +0.0007% | 4h | 739.30 | −0.063% | $62K | $333K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 739.94 | +0.023% | $750K | $3.2M | 20x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 739.95 | +0.024% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 739.79 | +0.003% | $177K | $194K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.54 | −0.031% | $557K | $857K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 739.72 | −0.007% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 738.84 | −0.126% | $676K | $4.4M | 10x | as long as short |
| QFEX META-USD | +0.0055% | 1h | 739.69 | −0.011% | $2.2M | $14.2M | 10x | as long as short |
| Arcus META-USD | +0.0063% | 1h | 739.03 | −0.100% | $110K | $331K | 10x | as long as short |
| Paradex META-USD-PERP | +0.0065% | 8h | 739.63 | −0.020% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0070% | 1h | 739.84 | +0.009% | $48K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 739.76 | −0.001% | $1.6M | $436K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.16 | −0.082% | $166K | $72K | 50x | as long as short |
| Orderly PERP_META_USDC_mythoslong | +0.0100% | 8h | 739.77 | long leg | $1K | $24 | 10x | |
| Hotstuff META-PERP | +0.0104% | 1h | 739.60 | −0.023% | $33K | $105 | 20x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.63 | −0.018% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0144% | 1h | 739.64 | −0.018% | $613K | $7.3M | 10x | as long as short |
| tradeXYZ xyz:META | +0.0169% | 1h | 739.72 | −0.007% | $67.5M | $121.6M | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 740.90 | +0.153% | $171K | $48K | 30x | as long as short |
| Lighter METAshort | +0.0232% | 1h | 739.94 | +0.023% | $851K | $2.5M | 20x | |
| Phoenix META | +0.0259% | 1h | 739.71 | −0.008% | $286K | $930K | 20x | as long as short |
GRVT META_USDT_Perp
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
edgeX METAUSDC
Lighter RH META
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
QFEX META-USD
Arcus META-USD
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Hotstuff META-PERP
Aevo META-PERP
Coinbase International META-PERP-INTX
tradeXYZ xyz:META
Injective META/USDC PERP
Phoenix META