After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.082%7d average−0.059%fees + slippage, in and out−$26spread needed0.256%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METAUSDT | 725.95 | 0 | get 0.0000% / 8h | 7h 44m | $25.6M | $107.0M | 20x |
| Short | Deribit META_USDC-PERPETUAL | 725.36 | 0 | get 0.0000% / 1h | 44m 03s | $28K | $259K | 10x |
Binance METAUSDT
Deribit META_USDC-PERPETUALPrice 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
- −$8.16
- Funding while held
- $0
- Slippage, 4 orders
- −$8.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33.8
- Spread needed to break even
- 0.256%
Slippage from Binance: live order book, 15 min ago; Deribit: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Binance live order book, 15 min ago | 0.28 bp | 5.5 bp −$6 | 11.0 bp −$110 | 51.6 bp −$5,164 | doesn't fit |
| Sell Deribit live order book, 6 min ago | 3.66 bp | 7.2 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.BloFin724.24cheapestOndo Perps724.33+0.012%Aftermath Perps724.53+0.039%ApeX Omni724.53+0.040%Phoenix724.63+0.054%Nado724.69+0.062%Hotstuff724.70+0.064%Paradex724.73+0.067%edgeX725.00+0.105%QFEX725.02+0.108%Arcus725.03+0.109%Gate725.07+0.115%KuCoin725.20+0.133%Popdex725.31+0.148%
BloFin
Ondo Perps
ApeX Omni
Phoenix
Nado
Hotstuff
Paradex
QFEX
Arcus
Gate
KuCoin
PopdexDeribit725.36+0.155%
SoDEX725.39+0.159%Phemex725.42+0.163%Aevo725.43+0.165%Aster725.46+0.168%Polymarket Perps725.46+0.168%Coinbase International725.48+0.171%Lighter725.50+0.174%Lighter RH725.51+0.175%Vest725.52+0.177%tradeXYZ725.53+0.178%Bitget725.57+0.184%Orderly725.61+0.189%Injective725.65+0.195%SunX725.67+0.197%Bybit725.70+0.202%HTX725.73+0.206%Variational Omni725.85+0.222%
SoDEX
Phemex
Aevo
Aster
Polymarket Perps
Coinbase International
Lighter
Lighter RH
Vest
tradeXYZ
Bitget
Orderly
Injective
SunX
Bybit
HTX
Variational OmniBinance725.95+0.236%
Extended726.02+0.246%OKX726.18+0.268%
Extended
OKXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.236% | −0.0120% | 8h | $324K | $561K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.224% | +0.0050% | 1h | $847K | $2.7M | 10x | as long as short |
| Aftermath Perps METAUSD | −0.197% | +0.0230% | 1h | $43K | $47K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.196% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Phoenix META | −0.182% | +0.0100% | 1h | $282K | $361K | 20x | as long as short |
| Nado META-PERP | −0.174% | +0.0016% | 1h | $393K | $121K | 20x | as long as short |
| Hotstuff META-PERP | −0.173% | +0.0104% | 1h | $32K | $105 | 20x | as long as short |
| Paradex META-USD-PERP | −0.169% | +0.0051% | 8h | — | — | 5x | as long as short |
| edgeX METAUSDC | −0.131% | +0.0879% | 4h | $61K | $325K | 10x | as long as short |
| QFEX META-USD | −0.128% | +0.0016% | 1h | $1.8M | $7.2M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Arcus META-USD | −0.127% | +0.0040% | 1h | $280K | $275K | 10x | as long as short |
| Gate META_USDT | −0.122% | 0.0000% | 8h | $372K | $3.6M | 100x | as long as short |
| KuCoin METAUSDTM | −0.104% | +0.0100% | 8h | $1.4M | $185K | 20x | as long as short |
| Popdex METAUSDT | −0.089% | +0.0048% | 1h | $173K | $160K | 20x | as long as short |
| Deribit META_USDC-PERPETUALshort | −0.082% | 0.0000% | 1h | $28K | $259K | 10x | |
| SoDEX META-USD | −0.077% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Phemex METAUSDT | −0.073% | 0.0000% | 4h | $1.9M | $5K | 10x | as long as short |
| Aevo META-PERP | −0.072% | +0.0104% | 1h | $261 | — | 10x | as long as short |
| Aster METAUSDT | −0.068% | 0.0000% | 8h | $446K | $94K | 20x | as long as short |
| Polymarket Perps META-USD | −0.068% | +0.0050% | 1h | $659K | $470K | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.065% | +0.0040% | 1h | $701K | $5.5M | 10x | as long as short |
| Lighter META | −0.062% | +0.0032% | 1h | $698K | $2.2M | 20x | as long as short |
| Lighter RH META | −0.061% | +0.0032% | 1h | $636K | $2.6M | 20x | as long as short |
| Vest META-USD-PERP | −0.060% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| tradeXYZ xyz:META | −0.058% | +0.0050% | 1h | $65.1M | $49.9M | 20x | as long as short |
| Bitget METAUSDT | −0.053% | 0.0000% | 8h | $5.1M | $7.1M | 100x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.047% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Injective META/USDC PERP | −0.042% | +0.0220% | 1h | $165K | $135K | 30x | as long as short |
| SunX META-USDT | −0.039% | 0.0000% | 8h | $774 | $9.2M | 20x | as long as short |
| Bybit METAUSDT | −0.035% | 0.0000% | 8h | $7.6M | $8.6M | 100x | as long as short |
| HTX META-USDT | −0.031% | 0.0000% | 8h | $103K | $269K | 30x | as long as short |
| Variational Omni META | −0.015% | 0.0000% | 8h | $1.3M | $2.1M | — | as long as short |
| Binance METAUSDTlong | 0.000% | 0.0000% | 8h | $25.6M | $107.0M | 20x | |
| Extended META_24_5-USD | +0.009% | 0.0000% | 1h | $521K | $1.4M | 17x | as long as short |
| OKX META-USDT-SWAP | +0.031% | 0.0000% | 8h | $5.8M | $9.4M | 20x | as long as short |