META Funding Rate — Meta tokenized stock perpetuals across 20 venues
Tokenized stock (xStock) perpetual · compared across 20 venues · net of estimated fees · updated every few minutesMETA represents tokenized exposure to Meta shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized META perpetual funding across all 20 venues Perpia tracks. Right now META funding is positive on 11 and negative on 0, ranging from +19.3% on Lighter to +0.0% on KuCoin — a spread of 19.3%. The widest delta-neutral trade is long Risex / short Lighter at 18.2% net APR.
META funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 20 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 20 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Lighter↗short | +19.3% | every 8h | |
| Hyperliquid↗ | +16.8% | every 1h | |
| trade.xyz↗ | +16.8% | every 1h | |
| Sodex↗ | +14.5% | every 1h | |
| Pacifica↗ | +10.9% | every 1h | |
| Ondo Perps | +5.5% | every 1h | |
| Vest↗ | +5.0% | every 1h | |
| Ostium↗ | +4.8% | every 1h | |
| Arcus↗ | +4.4% | every 1h | |
| Nado↗ | +1.3% | every 24h | |
| GMTrade↗ | +0.0% | every 1h | |
| Risex↗long | +0.0% | every 1h | |
| Bitget↗ | +0.0% | every 8h | |
| Gate.io↗ | +0.0% | every 8h | |
| Aster↗ | +0.0% | every 8h | |
| Variational↗ | +0.0% | every 8h | |
| OKX↗ | +0.0% | every 8h | |
| Bybit↗ | +0.0% | every 8h | |
| HTX↗ | +0.0% | every 8h | |
| KuCoin↗ | +0.0% | every 8h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Risex vs Lighter page. 93 pairs scanned for META.
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META — FAQ
Is META funding positive right now?
META perpetual funding is positive on 11 of 20 venues Perpia tracks. The highest is +19.3% on Lighter; the lowest is +0.0% on KuCoin.
What is the best META funding arbitrage right now?
Go long Risex and short Lighter for about 18.2% net APR after fees — the widest delta-neutral META spread Perpia currently sees.
Which exchange has the highest META funding rate?
Lighter, at +19.3% annualized. Funding shifts continuously, so check the live table above before trading.
How META funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
same catalogSee the full list on the tokenized stocks hub.