META

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter RH against Vest−0.028%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Lighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 0.028% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest META-USD-PERP	742.81	0.0046	pay 0.0006% / 1h	0m 01s	—	$11K	25x
Short	Lighter RH META	742.60	0.0032	get 0.0004% / 1h	0m 01s	$837K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Vest. 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 VestbpFee Lighter RHbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$2.87
Price spread: −0.028% → 0.000%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.7
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 1 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 1 min ago	2.29 bp	2.8 bp −$3	4.4 bp −$44	46.9 bp −$4,688	doesn't fit

Vest: 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 37 exchanges

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
Hotstuff META-PERP	−0.1600%	1h	742.18	−0.085%	$33K	$105	20x	as long as short
BloFin META-USDT	−0.0120%	8h	742.51	−0.040%	$338K	$1.1M	20x	as long as short
Aster METAUSDT	0.0000%	8h	743.00	+0.026%	$493K	$628K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.49	−0.044%	$548K	$3.3M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.50	−0.042%	$26.0M	$192.5M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.63	−0.024%	$7.7M	$15.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.57	−0.032%	$6.1M	$12.9M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.41	−0.054%	$454K	$6.5M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	742.57	−0.032%	$5.7M	$12.3M	100x	as long as short
Variational Omni META	0.0000%	8h	742.21	−0.081%	$2.5M	$3.0M	—	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.32	+0.068%	$12K	$435K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.75	−0.008%	$938	$7.4M	20x	as long as short
HTX META-USDT	0.0000%	8h	742.61	−0.027%	$107K	$299K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.98	+0.023%	$2.0M	$8K	10x	as long as short
Lighter RH METAshort	+0.0032%	1h	742.60	−0.028%	$837K	$2.9M	20x
Arcus META-USD	+0.0040%	1h	742.11	−0.094%	$111K	$284K	10x	as long as short
QFEX META-USD	+0.0041%	1h	742.43	−0.051%	$2.2M	$14.0M	10x	as long as short
Nado META-PERP	+0.0045%	1h	742.07	−0.099%	$476K	$552K	20x	as long as short
Vest META-USD-PERPlong	+0.0046%	1h	742.81	long leg	—	$11K	25x
Popdex METAUSDT	+0.0048%	1h	742.71	−0.013%	$179K	$200K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.34	−0.063%	$559K	$612K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.52	−0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.87	−0.127%	$701K	$5.0M	10x	as long as short
Paradex META-USD-PERP	+0.0052%	8h	742.13	−0.092%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0074%	1h	742.82	+0.002%	$53K	$78K	10x	as long as short
Coinbase International META-PERP-INTX	+0.0096%	1h	742.16	−0.088%	$661K	$7.7M	10x	as long as short
Pacifica META	+0.0100%	1h	742.04	−0.104%	$606	$2K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.70	−0.015%	$1.6M	$858K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.58	−0.031%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.73	−0.011%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.88	+0.009%	$267	—	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	742.93	+0.016%	$168K	$61K	30x	as long as short
tradeXYZ xyz:META	+0.0235%	1h	742.36	−0.061%	$86.0M	$135.3M	20x	as long as short
Lighter META	+0.0256%	1h	742.71	−0.013%	$1.2M	$2.7M	20x	as long as short
Deribit META_USDC-PERPETUAL	+0.0303%	1h	742.31	−0.067%	$36K	$265K	10x	as long as short
edgeX METAUSDC	+0.0402%	4h	743.23	+0.056%	$62K	$349K	10x	as long as short
Phoenix META	+0.0643%	1h	743.87	+0.143%	$794K	$1.5M	20x	as long as short