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Price arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.125%
7d average—if it closes, per $10,000$12funding while held, a day−$0.60
Long on ParadexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex META-USD-PERP713.040.0052pay 0.0052% / 8h27m 59s——5x
ShortLighter META713.930.0032get 0.0004% / 1h27m 59s$689K$2.1M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$12.47
Funding while held
−$0.6
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
$7.88
Spread needed to break even
0.040%
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0020%
Per $10,000 a day
−$0.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Lighter live order book, 5 min ago0.63 bp0.8 bp −$13.3 bp −$33doesn't fitdoesn't fit
Paradex: 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 price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps712.23cheapestNado712.46+0.033%Phoenix712.79+0.079%Aftermath Perps712.96+0.102%Hotstuff712.96+0.102%ApeX Omni712.98+0.105%BloFin713.04+0.114%
Paradex713.04+0.114%
edgeX713.19+0.134%Variational Omni713.20+0.137%Arcus713.42+0.167%KuCoin713.42+0.167%Coinbase International713.44+0.170%Bitget713.47+0.174%Binance713.57+0.188%Gate713.59+0.191%Vest713.62+0.195%Bybit713.63+0.197%QFEX713.69+0.205%tradeXYZ713.73+0.211%Deribit713.79+0.219%Phemex713.80+0.220%Popdex713.82+0.223%Aster713.86+0.228%Lighter RH713.91+0.236%Aevo713.91+0.236%
Lighter713.93+0.239%
Polymarket Perps713.93+0.239%HTX713.93+0.239%SoDEX713.97+0.244%OKX714.00+0.249%Extended714.08+0.259%Orderly714.08+0.260%SunX714.23+0.281%Injective714.69+0.345%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps META-USD.P−0.114%+0.0050%1h$851K$2.6M10xas long as short
Nado META-PERP−0.081%+0.0015%1h$442K$87K20xas long as short
Phoenix META−0.035%+0.0090%1h$230K$284K20xas long as short
Aftermath Perps METAUSD−0.011%+0.0244%1h$43K$48K10xas long as short
Hotstuff META-PERP−0.011%−0.0072%1h$32K$10520xas long as short
ApeX Omni METAUSDT−0.008%+0.0100%1h$111K$46K50xas long as short
BloFin META-USDT0.000%−0.0120%8h$341K$473K20xas long as short
Paradex META-USD-PERPlong0.000%+0.0052%8h——5x
edgeX METAUSDC+0.020%+0.0016%4h$60K$325K10xas long as short
Variational Omni META+0.023%0.0000%8h$1.4M$1.9M—as long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Arcus META-USD+0.053%+0.0088%1h$280K$249K10xas long as short
KuCoin METAUSDTM+0.053%+0.0100%8h$1.5M$140K20xas long as short
Coinbase International META-PERP-INTX+0.056%+0.0056%1h$644K$4.9M10xas long as short
Bitget METAUSDT+0.060%0.0000%8h$4.9M$6.0M100xas long as short
Binance METAUSDT+0.074%0.0000%8h$25.3M$94.1M20xas long as short
Gate META_USDT+0.077%0.0000%8h$383K$3.2M100xas long as short
Vest META-USD-PERP+0.081%+0.0046%1h—$6K25xas long as short
Bybit METAUSDT+0.083%0.0000%8h$6.9M$7.5M100xas long as short
QFEX META-USD+0.091%+0.0028%1h$1.8M$6.0M10xas long as short
tradeXYZ xyz:META+0.097%+0.0050%1h$61.8M$46.6M20xas long as short
Deribit META_USDC-PERPETUAL+0.105%0.0000%1h$29K$254K10xas long as short
Phemex METAUSDT+0.107%−0.0002%4h$1.9M$5K10xas long as short
Popdex METAUSDT+0.109%+0.0048%1h$166K$154K20xas long as short
Aster METAUSDT+0.114%0.0000%8h$440K$86K20xas long as short
Lighter RH META+0.122%+0.0032%1h$665K$2.5M20xas long as short
Aevo META-PERP+0.122%+0.0104%1h$257—10xas long as short
Lighter METAshort+0.125%+0.0032%1h$689K$2.1M20x
Polymarket Perps META-USD+0.125%+0.0050%1h$649K$463K10xas long as short
HTX META-USDT+0.125%0.0000%8h$101K$265K30xas long as short
SoDEX META-USD+0.130%+0.0050%1h$24K$3K10xas long as short
OKX META-USDT-SWAP+0.135%0.0000%8h$6.1M$7.5M20xas long as short
Extended META_24_5-USD+0.145%0.0000%1h$517K$1.3M17xas long as short
Orderly PERP_META_USDC_mythos+0.146%+0.0100%8h$1K—10xas long as short
SunX META-USDT+0.167%0.0000%8h$564$8.3M20xas long as short
Injective META/USDC PERP+0.231%+0.0220%1h$163K$135K30xas long as short