Spread before costs (cost unknown: a leg has no order-book sample)+0.158%
7d average—if it closes, per $10,000$16funding while held, a day−$6.34
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps METAUSD | 725.01 | 0.0230 | pay 0.0029% / 1h | 42m 29s | $43K | $47K | 10x |
| Short | Nado META-PERP | 726.15 | 0.0018 | get 0.0002% / 1h | 42m 29s | $394K | $121K | 20x |
Nado META-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $15.78
- Funding while held
- −$6.34
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$6.56
- Spread needed to break even
- 0.160%
Slippage unknown: Aftermath Perps: no order-book sample; Nado: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0211%
- Per $10,000 a day
- −$6.34
- Average in range /8h
- —
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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 2 min ago | 1.31 bp | 7.2 bp −$7 | 23.1 bp −$231 | doesn't fit | doesn't fit |
Aftermath Perps: 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni724.53cheapestedgeX725.00+0.065%KuCoin725.50+0.134%Phoenix725.65+0.155%Gate725.76+0.170%Coinbase International725.76+0.170%Aster725.77+0.171%Variational Omni725.85+0.182%Bitget725.86+0.184%tradeXYZ725.89+0.188%Hotstuff725.94+0.195%Lighter726.03+0.207%QFEX726.04+0.208%Lighter RH726.09+0.215%Paradex726.11+0.218%Extended726.12+0.219%Ondo Perps726.12+0.219%
ApeX Omni
KuCoin
Phoenix
Gate
Coinbase International
Aster
Variational Omni
Bitget
tradeXYZ
Hotstuff
Lighter
QFEX
Lighter RH
Paradex
Extended
Ondo PerpsNado726.15+0.224%
Bybit726.23+0.235%Arcus726.23+0.235%Binance726.25+0.237%Vest726.33+0.248%Popdex726.34+0.250%OKX726.37+0.254%Polymarket Perps726.38+0.255%Phemex726.45+0.265%HTX726.57+0.282%SoDEX726.61+0.287%Deribit726.65+0.293%BloFin726.69+0.298%Aevo726.74+0.305%SunX726.82+0.316%Orderly726.91+0.328%Injective726.96+0.335%
Bybit
Arcus
Binance
Vest
Popdex
OKX
Polymarket Perps
Phemex
HTX
SoDEX
Deribit
BloFin
Aevo
SunX
Orderly
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METAUSDT | −0.066% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| edgeX METAUSDC | −0.001% | +0.0879% | 4h | $61K | $325K | 10x | as long as short |
| Aftermath Perps METAUSDlong | 0.000% | +0.0230% | 1h | $43K | $47K | 10x | |
| KuCoin METAUSDTM | +0.068% | +0.0100% | 8h | $1.4M | $185K | 20x | as long as short |
| Phoenix META | +0.089% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| Gate META_USDT | +0.104% | 0.0000% | 8h | $370K | $3.6M | 100x | as long as short |
| Coinbase International META-PERP-INTX | +0.104% | +0.0040% | 1h | $700K | $5.5M | 10x | as long as short |
| Aster METAUSDT | +0.105% | 0.0000% | 8h | $446K | $94K | 20x | as long as short |
| Variational Omni META | +0.116% | 0.0000% | 8h | $1.3M | $2.1M | — | as long as short |
| Bitget METAUSDT | +0.118% | 0.0000% | 8h | $5.1M | $7.2M | 100x | as long as short |