METAx — Meta Platforms tokenized stock yield
METAx is the xStocks token that tracks Meta Platforms on Solana, and it currently pays through 4 of the five channels this page tracks. The headline is the delta-neutral funding position — hold METAx spot, short the META perp on Paradex — paying +7.52%annualized after both venues' fees — though that figure is unreliable while Meta Platforms's market is closed. Lending it on Kamino pays +0.00% plus xPoints. The METAx/USDC pool on Raydium earned +165.66% in fees over the last seven days on $173.00K of liquidity. Underneath it all, Meta Platforms pays a +0.23% dividend, which xStocks reinvests as more tokens.
The funding leg
Earning on META — without the price risk.
The position: buy METAx here (spot, in your own wallet), short the same size of META perp on Paradex. The stock's moves cancel between the two legs; what is left is the funding the short collects — plus the dividend the spot side keeps reinvesting. Right now that nets +7.52%annualized after both venues' taker fees at a seven-day hold, and the round-trip fees are earned back in about 4.1d.
| Venue | Funding / period | 8h basis | Annualized | Open interest |
|---|---|---|---|---|
 Paradexthe short leg | +0.0050%every 8h | +0.0050% | +5.5% | — |
 Hyperliquid | +0.0006%every 1h | +0.0050% | +5.5% | $47.93M |
 Polymarket | +0.0006%every 1h | +0.0050% | +5.5% | $337.86K |
 Lighter | +0.0004%every 1h | +0.0032% | +3.5% | $388.01K |
 Aster | +0.0000%every 8h | +0.0000% | +0.0% | $221.02K |
 Binance | +0.0000%every 8h | +0.0000% | +0.0% | $21.94M |
 Bitget | +0.0000%every 8h | +0.0000% | +0.0% | $4.33M |
 Bybit | +0.0000%every 8h | +0.0000% | +0.0% | $3.55M |
 Variational | +0.0000%every 8h | +0.0000% | +0.0% | $2.45M |
 Nado | -0.0014%every 1h | -0.0114% | -12.5% | $366.20K |
A positive rate means longs pay shorts — the delta-neutral position collects it. Rates are each venue's own funding period, restated on an 8-hour basis so they compare; funding is a floating rate and can flip before it has paid the fees back. Meta Platforms's underlying market is closed right now, so the annualized APR above is unreliable — it projects the current funding across a full year no one can collect while trading is halted. The full funding read on the underlying is on the META coin page.
The lending shelf
Where METAx lends — and what it pays to sit there.
Deposit METAx into a lending market and it earns supply APY while staying withdrawable — and usable as collateral to borrow against. On Kamino, xStocks deposits also earn xPoints on top of the rate. Prefer the quote side? USDC supplied to the same xStocks market pays +3.96%.
| Market | Supply APY | Borrow APY | Max LTV | Supplied |
|---|---|---|---|---|
Kamino ↗xstocks market | +0.00% | +4.85% | 35% | $1 |
Supply rates float with utilization — a market where borrowing picks up pays more, then less. Lending is smart-contract risk on top of the token itself; the supplied column is the size already trusting each market.
The pools
LP fees on METAx — paid for holding both sides.
Provide METAxand the quote asset to a Raydium pool and every swap through it pays you its fee. The APR below is what the pool's fees actually earned, not a projection.
| Pool | TVL | Fee tier | APR 24h | APR 7d |
|---|---|---|---|---|
METAx/USDC ↗Raydium | $173.00K | 0.25% | +211.53% | +165.66% |
METAx/MUSE ↗Raydium | $13.87K | 1.25% | +166.14% | +716.05% |
METAx/ZUCC ↗Raydium | $17.48K | 4.00% | +1007.55% | +401.67% |
LP is not a free yield: when METAx moves against the quote asset the pool rebalances against you (impermanent loss), and a fee APR earned on a thin pool can vanish when the volume does. TVL is the honest context for the rate next to it.
FAQ
METAx, answered
What yield does METAx pay right now?
Through 4 channels: delta-neutral funding at +7.52% net APR (short the perp on Paradex); lending at +0.00% on Kamino with xPoints; Raydium LP fees at +165.66% 7-day APR in METAx/USDC; a +0.23% dividend auto-reinvested as more tokens. Every number is live from the venue quoting it and refreshes with the page; the routes to act on each are one click away above.
What is METAx?
METAx is a tokenized stock from the xStocks program: an SPL token on Solana that tracks Meta Platforms (META), backed one-for-one by the underlying shares held by the issuer. It trades around the clock on Solana venues even when the stock market is closed, and dividends the underlying pays are reinvested as additional tokens rather than paid out. Its mint address is Xsa62P5mvPszXL1krVUnU5ar38bBSVcWAB6fmPCo5Zu.
How does the delta-neutral yield on META work?
Hold METAx spot and short the same size of META perpetual on Paradex. The two legs cancel the stock's price moves, so what remains is the funding rate the short side collects — currently +7.52% annualized net of both venues' taker fees at a seven-day hold, with the round-trip fees earned back in about 4.1d. Funding floats: it can compress or flip sign, which is why the venue table on this page shows every quote, not just the best one.
Where can I lend METAx, and what does it pay?
Kamino pays +0.00% supply APY on $1 already supplied. Kamino deposits also earn xPoints. If you would rather lend the quote side, USDC in the same xStocks market pays +3.96%. Deposits stay withdrawable and can be used as collateral to borrow against.
What are the risks of earning yield on METAx?
Each channel carries its own. The delta-neutral position hedges price but not a funding flip or a venue failure; lending and LP add smart-contract risk, and LP adds impermanent loss when META moves against the quote asset; a Pendle fixed rate is only fixed when held to expiry. Underneath all of them sits the token itself: METAx is an issuer-backed wrapper, so you hold issuer and custody risk that a plain share does not have. Nothing on this page is investment advice — it is the live numbers, side by side.