Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.14 per $10,000 · paid last 24h −0.011%
Price spread now: Lighter against tradeXYZ+0.028%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.028%, 7d avg +0.007%
=Together, before fees−0.047%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.021% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of +0.007%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.042% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:META | 740.06 | 0.0244 | pay 0.0031% / 1h | 14m 45s | $68.3M | $120.0M | 20x |
| Short | Lighter META | 740.27 | 0.0136 | get 0.0017% / 1h | 14m 45s | $860K | $2.4M | 20x |
tradeXYZ xyz:META
Lighter METAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$22.72
- Price spread: +0.028% → +0.007%
- $2.09
- Slippage, 4 orders
- −$2.61
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$41.24
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Lighter: 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 tradeXYZ live order book, 5 min ago | 0.41 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.47 bp | 0.5 bp −$1 | 1.4 bp −$14 | doesn't fit | doesn't fit |
META on 35 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado META-PERP | −0.0120% | 1h | 739.73 | −0.044% | $478K | $549K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 740.72 | +0.089% | $466K | $549K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 739.94 | −0.016% | $550K | $2.7M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 740.12 | +0.008% | $27.3M | $179.2M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 740.02 | −0.005% | $7.5M | $13.8M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 740.25 | +0.026% | $5.9M | $13.3M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 739.78 | −0.038% | $352K | $5.6M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 740.28 | +0.030% | $5.5M | $11.3M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 740.06 | 0.000% | $2.3M | $3.1M | — | as long as short |
| GRVT META_USDT_Perp | 0.0000% | 8h | 740.16 | +0.013% | $12K | $433K | 10x | as long as short |
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 META
GRVT META_USDT_PerpShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX META-USDT | 0.0000% | 8h | 739.93 | −0.018% | $959 | $9.2M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 739.59 | −0.064% | $31K | $244K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 740.12 | +0.008% | $105K | $296K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 740.23 | +0.023% | $2.0M | $8K | 10x | as long as short |
| QFEX META-USD | +0.0025% | 1h | 740.05 | −0.001% | $2.2M | $13.9M | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 740.35 | +0.039% | $750K | $3.0M | 20x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 739.74 | −0.043% | $110K | $330K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 740.31 | +0.034% | — | $11K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 740.12 | +0.008% | $176K | $197K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 739.86 | −0.027% | $557K | $701K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 740.08 | +0.003% | $24K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 739.55 | −0.069% | $697K | $4.3M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 739.89 | −0.022% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0071% | 1h | 740.89 | +0.112% | $49K | $80K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 740.18 | +0.016% | $1.6M | $487K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 739.74 | −0.043% | $166K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 740.05 | −0.001% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 739.96 | −0.014% | $266 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0104% | 1h | 740.66 | +0.081% | $609K | $7.2M | 10x | as long as short |
| Lighter METAshort | +0.0136% | 1h | 740.27 | +0.028% | $860K | $2.4M | 20x | |
| Hotstuff META-PERP | +0.0136% | 1h | 740.13 | +0.009% | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 742.42 | +0.319% | $171K | $48K | 30x | as long as short |
| tradeXYZ xyz:METAlong | +0.0244% | 1h | 740.06 | long leg | $68.3M | $120.0M | 20x | |
| Phoenix META | +0.0313% | 1h | 740.85 | +0.107% | $438K | $1.1M | 20x | as long as short |
| edgeX METAUSDC | +0.0949% | 4h | 739.98 | −0.011% | $62K | $336K | 10x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
QFEX META-USD
Lighter RH META
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Hotstuff META-PERP
Injective META/USDC PERP
Phoenix META
edgeX METAUSDC