data as of
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Price arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.048%7d average−0.006%fees + slippage, in and out−$29spread needed0.285%
Long on ArcusShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus META-USD747.140.0478pay 0.0060% / 1h10m 12s$267K$308K10x
ShortPhoenix META746.780get 0.0000% / 1h10m 12s$276K$618K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$4.82
Funding while held
−$14.35
Slippage, 4 orders
−$17
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$47.67
Spread needed to break even
0.285%
Slippage from Arcus: live order book, 25 min ago; Phoenix: live order book, 24 min ago.

Cost of waiting

funding view
Funding /8h
−0.0478%
Per $10,000 a day
−$14.35
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 25 min ago1.21 bp3.6 bp −$46.3 bp −$637.3 bp −$732doesn't fit
Sell Phoenix live order book, 24 min ago2.81 bp9.6 bp −$1019.2 bp −$192doesn't fitdoesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
OKX745.97cheapestGate746.01+0.005%tradeXYZ746.04+0.009%Bitget746.20+0.031%Injective746.38+0.055%edgeX746.40+0.057%Bybit746.41+0.059%Binance746.52+0.073%KuCoin746.54+0.076%HTX746.74+0.103%
Phoenix746.78+0.109%
Hotstuff746.86+0.119%SoDEX746.93+0.129%Extended746.98+0.136%Aevo746.99+0.137%Phemex746.99+0.137%Nado747.00+0.138%Deribit747.00+0.138%Lighter RH747.05+0.145%Coinbase International747.07+0.147%Aster747.10+0.152%Polymarket Perps747.12+0.154%
Arcus747.14+0.157%
QFEX747.17+0.161%Variational Omni747.17+0.161%Paradex747.17+0.161%Orderly747.18+0.162%Popdex747.19+0.164%ApeX Omni747.19+0.164%SunX747.26+0.173%Lighter747.29+0.177%Ondo Perps747.38+0.189%BloFin747.40+0.192%Vest747.67+0.228%Aftermath Perps747.68+0.229%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX META-USDT-SWAP−0.157%0.0000%8h$6.1M$12.2M20xas long as short
Gate META_USDT−0.151%0.0000%8h$361K$4.8M100xas long as short
tradeXYZ xyz:META−0.147%+0.0050%1h$77.4M$91.9M20xas long as short
Bitget METAUSDT−0.126%0.0000%8h$5.8M$9.4M100xas long as short
Injective META/USDC PERP−0.102%+0.0220%1h$170K$76K30xas long as short
edgeX METAUSDC−0.100%+0.0841%4h$62K$326K10xas long as short
Bybit METAUSDT−0.098%0.0000%8h$8.2M$11.6M100xas long as short
Binance METAUSDT−0.084%0.0000%8h$27.8M$153.1M20xas long as short
KuCoin METAUSDTM−0.080%+0.0100%8h$1.6M$287K20xas long as short
HTX META-USDT−0.054%0.0000%8h$106K$280K30xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix METAshort−0.048%0.0000%1h$276K$618K20x
Hotstuff META-PERP−0.037%+0.0016%1h$33K$10520xas long as short
SoDEX META-USD−0.028%+0.0050%1h$25K$3K10xas long as short
Extended META_24_5-USD−0.021%0.0000%1h$554K$1.4M17xas long as short
Aevo META-PERP−0.020%+0.0104%1h$269—10xas long as short
Phemex METAUSDT−0.020%0.0000%4h$2.0M$6K10xas long as short
Nado META-PERP−0.019%−0.0020%1h$395K$215K20xas long as short
Deribit META_USDC-PERPETUAL−0.019%0.0000%1h$28K$266K10xas long as short
Lighter RH META−0.012%+0.0032%1h$739K$3.0M20xas long as short
Coinbase International META-PERP-INTX−0.009%+0.0048%1h$654K$6.5M10xas long as short
Aster METAUSDT−0.005%0.0000%8h$460K$432K20xas long as short
Polymarket Perps META-USD−0.003%+0.0050%1h$545K$835K10xas long as short
Arcus META-USDlong0.000%+0.0478%1h$267K$308K10x
QFEX META-USD+0.004%+0.0026%1h$2.2M$12.2M10xas long as short
Variational Omni META+0.004%0.0000%8h$1.6M$2.2M—as long as short
Paradex META-USD-PERP+0.004%+0.0050%8h——5xas long as short
Orderly PERP_META_USDC_mythos+0.005%+0.0100%8h$1K$2410xas long as short
Popdex METAUSDT+0.007%+0.0048%1h$176K$192K20xas long as short
ApeX Omni METAUSDT+0.007%+0.0100%1h$167K$71K50xas long as short
SunX META-USDT+0.016%0.0000%8h$752$9.4M20xas long as short
Lighter META+0.020%+0.0056%1h$862K$2.5M20xas long as short
Ondo Perps META-USD.P+0.032%+0.0050%1h$715K$3.6M10xas long as short
BloFin META-USDT+0.035%−0.0120%8h$337K$1.0M20xas long as short
Vest META-USD-PERP+0.071%+0.0046%1h—$9K25xas long as short
Aftermath Perps METAUSD+0.072%+0.0294%1h$44K$46K10xas long as short