Spread before costs (cost unknown: a leg has no order-book sample)+0.010%
7d average—if it closes, per $10,000$1funding while held, a day+$6.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METAUSDT | 747.44 | 0 | get 0.0000% / 8h | 5h 24m | $27.5M | $149.8M | 20x |
| Short | Hotstuff META-PERP | 747.52 | 0.0200 | get 0.0025% / 1h | 24m 06s | $33K | $105 | 20x |
Binance METAUSDT
Hotstuff 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
- $1.02
- Funding while held
- $6
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$7.98
- Spread needed to break even
- 0.150%
Slippage unknown: Binance: live order book, 6 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0200%
- Per $10,000 a day
- +$6.00
- 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, 6 min ago | 0.07 bp | 5.6 bp −$6 | 9.3 bp −$93 | 34.8 bp −$3,482 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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.Phoenix746.24cheapestVariational Omni747.08+0.112%Gate747.13+0.119%ApeX Omni747.33+0.146%KuCoin747.34+0.147%Injective747.36+0.150%SoDEX747.38+0.153%HTX747.38+0.153%tradeXYZ747.41+0.157%
Phoenix
Variational Omni
Gate
ApeX Omni
KuCoin
Injective
SoDEX
HTX
tradeXYZBinance747.44+0.161%
Deribit747.46+0.163%Extended747.47+0.165%Bybit747.48+0.166%
Deribit
Extended
BybitHotstuff747.52+0.172%
SunX747.53+0.173%Paradex747.54+0.174%Lighter RH747.54+0.174%Bitget747.56+0.177%Aevo747.56+0.177%BloFin747.57+0.178%OKX747.58+0.180%Aster747.58+0.180%QFEX747.59+0.181%Nado747.59+0.181%Arcus747.63+0.186%Orderly747.68+0.193%Polymarket Perps747.75+0.202%Aftermath Perps747.76+0.203%Lighter747.76+0.204%Coinbase International747.77+0.205%Popdex747.80+0.209%Ondo Perps747.91+0.224%edgeX747.92+0.226%Phemex748.21+0.264%Vest748.35+0.283%
SunX
Paradex
Lighter RH
Bitget
Aevo
BloFin
OKX
Aster
QFEX
Nado
Arcus
Orderly
Polymarket Perps
Lighter
Coinbase International
Popdex
Ondo Perps
Phemex
VestMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.161% | 0.0000% | 1h | $276K | $618K | 20x | as long as short |
| Variational Omni META | −0.049% | 0.0000% | 8h | $1.6M | $2.2M | — | as long as short |
| Gate META_USDT | −0.042% | 0.0000% | 8h | $343K | $4.7M | 100x | as long as short |
| ApeX Omni METAUSDT | −0.015% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |
| KuCoin METAUSDTM | −0.014% | +0.0100% | 8h | $1.6M | $281K | 20x | as long as short |
| Injective META/USDC PERP | −0.011% | +0.0220% | 1h | $170K | $76K | 30x | as long as short |
| SoDEX META-USD | −0.009% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| HTX META-USDT | −0.009% | 0.0000% | 8h | $106K | $280K | 30x | as long as short |
| tradeXYZ xyz:META | −0.005% | +0.0050% | 1h | $80.1M | $87.9M | 20x | as long as short |
| Binance METAUSDTlong | 0.000% | 0.0000% | 8h | $27.5M | $149.8M | 20x |