META

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.033%

Price spread now: Lighter against SoDEX+0.015%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX META-USD	746.22	0.0050	pay 0.0006% / 1h	41m 00s	$25K	$3K	10x
Short	Lighter META	746.33	0.0224	get 0.0028% / 1h	41m 00s	$865K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.015%Rate

Funding earned: $36.54
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $30.01
Costs to cover: 0.080%
Break-even: 1.3 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 6 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	0.67 bp	1.2 bp −$1	2.5 bp −$25	doesn't fit	doesn't fit

SoDEX: 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	745.98	−0.032%	$329K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	746.02	−0.026%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.80	−0.056%	$470K	$554K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.96	−0.034%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	746.05	−0.023%	$28.5M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	746.01	−0.028%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	746.06	−0.021%	$6.0M	$13.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.58	−0.086%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	746.18	−0.005%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	−0.026%	$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	−0.130%	$12K	$451K	10x	as long as short
SunX META-USDT	0.0000%	8h	746.13	−0.012%	$764	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	745.44	−0.105%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.92	−0.040%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.86	−0.048%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	746.36	+0.019%	$783K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.31	−0.122%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	746.50	+0.038%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	746.38	+0.021%	$180K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	745.90	−0.043%	$587K	$565K	10x	as long as short
SoDEX META-USDlong	+0.0050%	1h	746.22	long leg	$25K	$3K	10x
Ondo Perps META-USD.P	+0.0050%	1h	745.55	−0.090%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	746.14	−0.011%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	745.91	−0.042%	$52K	$82K	10x	as long as short
Paradex META-USD-PERP	+0.0092%	8h	746.21	−0.001%	—	—	5x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.88	−0.046%	$1.6M	$606K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.30	−0.123%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	746.10	−0.016%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	746.07	−0.020%	$269	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.20	−0.137%	$619K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	747.17	+0.127%	$172K	$48K	30x	as long as short
Lighter METAshort	+0.0224%	1h	746.33	+0.015%	$865K	$2.4M	20x
Hotstuff META-PERP	+0.0240%	1h	746.47	+0.034%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0335%	1h	746.11	−0.015%	$70.2M	$121.1M	20x	as long as short
edgeX METAUSDC	+0.0515%	4h	745.73	−0.066%	$62K	$336K	10x	as long as short
Phoenix META	+0.0633%	1h	746.93	+0.095%	$777K	$1.4M	20x	as long as short