After costs, if the gap returns to its 7d average, $10k−$138
spread now+0.112%7d average+0.072%fees + slippage, in and out−$142spread needed1.419%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni METAUSDT | 726.39 | 0.0100 | pay 0.0013% / 1h | 37m 07s | $133K | $56K | 50x |
| Short | Phemex METAUSDT | 727.20 | −0.0115 | pay 0.0057% / 4h | 3h 37m | $1.9M | $5K | 10x |
ApeX Omni METAUSDT
Phemex METAUSDTPrice 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
- $11.15
- Funding while held
- −$6.43
- Slippage, 4 orders
- −$119.94
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$137.22
- Spread needed to break even
- 1.419%
Slippage from ApeX Omni: live order book, 5 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0214%
- Per $10,000 a day
- −$6.43
- 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 ApeX Omni live order book, 5 min ago | 3.10 bp | 21.4 bp −$21 | 409.7 bp −$4,097 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.27 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.edgeX725.88cheapestVariational Omni726.15+0.038%Aftermath Perps726.34+0.064%
Variational OmniApeX Omni726.39+0.071%
Ondo Perps726.43+0.076%Phoenix726.51+0.087%Coinbase International727.07+0.164%
Ondo Perps
Phoenix
Coinbase InternationalPhemex727.20+0.182%
Popdex727.26+0.191%Gate727.43+0.214%Paradex727.43+0.215%Nado727.47+0.219%Hotstuff727.48+0.221%Vest727.51+0.225%KuCoin727.58+0.235%Arcus727.66+0.246%Orderly727.66+0.246%Aevo727.66+0.246%QFEX727.70+0.251%Polymarket Perps727.70+0.251%Bybit727.71+0.253%tradeXYZ727.74+0.257%Binance727.80+0.265%Aster727.86+0.273%OKX727.86+0.273%Bitget727.95+0.286%Extended727.97+0.288%Injective727.99+0.291%Lighter728.09+0.305%HTX728.18+0.317%BloFin728.42+0.350%Deribit728.47+0.357%Lighter RH728.48+0.359%SoDEX728.48+0.359%SunX728.78+0.400%
Popdex
Gate
Paradex
Nado
Hotstuff
Vest
KuCoin
Arcus
Orderly
Aevo
QFEX
Polymarket Perps
Bybit
tradeXYZ
Binance
Aster
OKX
Bitget
Extended
Injective
Lighter
HTX
BloFin
Deribit
Lighter RH
SoDEX
SunXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX METAUSDC | −0.071% | +0.0604% | 4h | $61K | $324K | 10x | as long as short |
| Variational Omni META | −0.032% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Aftermath Perps METAUSD | −0.006% | +0.0244% | 1h | $44K | $47K | 10x | as long as short |
| ApeX Omni METAUSDTlong | 0.000% | +0.0100% | 1h | $133K | $56K | 50x | |
| Ondo Perps META-USD.P | +0.006% | +0.0050% | 1h | $846K | $2.8M | 10x | as long as short |
| Phoenix META | +0.017% | +0.0100% | 1h | $283K | $361K | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.094% | +0.0040% | 1h | $700K | $5.6M | 10x | as long as short |
| Phemex METAUSDTshort | +0.112% | −0.0115% | 4h | $1.9M | $5K | 10x | |
| Popdex METAUSDT | +0.120% | +0.0048% | 1h | $174K | $161K | 20x | as long as short |
| Gate META_USDT | +0.143% | 0.0000% | 8h | $371K | $3.6M | 100x | as long as short |