Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average—if it closes, per $10,000$1funding while held, a day+$1.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance METAUSDT | 743.82 | 0 | get 0.0000% / 8h | 5h 46m | $26.9M | $142.5M | 20x |
| Short | Paradex META-USD-PERP | 743.73 | 0.0051 | get 0.0051% / 8h | 5h 46m | — | — | 5x |
Binance METAUSDT
Paradex META-USD-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
- −$1.15
- Funding while held
- $1.53
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.62
- Spread needed to break even
- 0.140%
Slippage unknown: Binance: live order book, 13 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0051%
- Per $10,000 a day
- +$1.53
- 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, 13 min ago | 0.34 bp | 6.2 bp −$6 | 10.1 bp −$101 | 36.7 bp −$3,671 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Phoenix741.90cheapestApeX Omni741.95+0.007%edgeX741.99+0.012%Variational Omni742.08+0.025%Injective742.33+0.058%Gate743.26+0.183%Nado743.26+0.184%BloFin743.28+0.186%Aftermath Perps743.32+0.192%Coinbase International743.45+0.209%Hotstuff743.46+0.210%KuCoin743.52+0.218%Ondo Perps743.55+0.222%Arcus743.55+0.222%QFEX743.67+0.239%Aevo743.73+0.247%
Phoenix
ApeX Omni
Variational Omni
Injective
Gate
Nado
BloFin
Coinbase International
Hotstuff
KuCoin
Ondo Perps
Arcus
QFEX
AevoParadex743.73+0.247%
HTX743.74+0.248%Bitget743.75+0.249%Extended743.77+0.251%tradeXYZ743.77+0.252%Phemex743.77+0.252%Popdex743.79+0.255%
HTX
Bitget
Extended
tradeXYZ
Phemex
PopdexBinance743.82+0.259%
Aster743.84+0.261%SoDEX743.84+0.261%Deribit743.84+0.261%Bybit743.92+0.272%Orderly743.92+0.272%SunX743.92+0.272%Polymarket Perps743.96+0.278%OKX743.98+0.280%Lighter RH744.13+0.301%Vest744.16+0.305%Lighter744.20+0.310%
Aster
SoDEX
Deribit
Bybit
Orderly
SunX
Polymarket Perps
OKX
Lighter RH
Vest
LighterMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.258% | 0.0000% | 1h | $274K | $618K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.251% | +0.0100% | 1h | $166K | $72K | 50x | as long as short |
| edgeX METAUSDC | −0.246% | +0.0262% | 4h | $62K | $328K | 10x | as long as short |
| Variational Omni META | −0.233% | 0.0000% | 8h | $1.5M | $2.2M | — | as long as short |
| Injective META/USDC PERP | −0.200% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |
| Gate META_USDT | −0.075% | 0.0000% | 8h | $328K | $4.5M | 100x | as long as short |
| Nado META-PERP | −0.075% | −0.0021% | 1h | $393K | $173K | 20x | as long as short |
| BloFin META-USDT | −0.073% | −0.0005% | 8h | $332K | $959K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.067% | +0.0297% | 1h | $44K | $46K | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.050% | +0.0048% | 1h | $638K | $6.4M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff META-PERP | −0.048% | −0.0112% | 1h | $33K | $105 | 20x | as long as short |
| KuCoin METAUSDTM | −0.040% | +0.0100% | 8h | $1.6M | $274K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.036% | +0.0050% | 1h | $734K | $3.3M | 10x | as long as short |
| Arcus META-USD | −0.036% | +0.0478% | 1h | $270K | $302K | 10x | as long as short |
| QFEX META-USD | −0.020% | +0.0026% | 1h | $2.0M | $10.9M | 10x | as long as short |
| Aevo META-PERP | −0.012% | +0.0104% | 1h | $268 | — | 10x | as long as short |
| Paradex META-USD-PERPshort | −0.011% | +0.0051% | 8h | — | — | 5x | |
| HTX META-USDT | −0.011% | 0.0000% | 8h | $106K | $279K | 30x | as long as short |
| Bitget METAUSDT | −0.009% | 0.0000% | 8h | $5.7M | $9.1M | 100x | as long as short |
| Extended META_24_5-USD | −0.007% | 0.0000% | 1h | $550K | $1.4M | 17x | as long as short |
| tradeXYZ xyz:META | −0.007% | +0.0050% | 1h | $71.4M | $73.5M | 20x | as long as short |
| Phemex METAUSDT | −0.007% | 0.0000% | 4h | $2.0M | $6K | 10x | as long as short |
| Popdex METAUSDT | −0.004% | +0.0048% | 1h | $172K | $185K | 20x | as long as short |
| Binance METAUSDTlong | 0.000% | 0.0000% | 8h | $26.9M | $142.5M | 20x | |
| Aster METAUSDT | +0.003% | 0.0000% | 8h | $390K | $288K | 20x | as long as short |
| SoDEX META-USD | +0.003% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.003% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Bybit METAUSDT | +0.013% | 0.0000% | 8h | $7.9M | $10.7M | 100x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.013% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| SunX META-USDT | +0.013% | 0.0000% | 8h | $752 | $9.4M | 20x | as long as short |
| Polymarket Perps META-USD | +0.019% | +0.0050% | 1h | $673K | $520K | 10x | as long as short |
| OKX META-USDT-SWAP | +0.022% | 0.0000% | 8h | $5.9M | $11.2M | 20x | as long as short |
| Lighter RH META | +0.042% | +0.0032% | 1h | $705K | $2.9M | 20x | as long as short |
| Vest META-USD-PERP | +0.046% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Lighter META | +0.051% | +0.0032% | 1h | $856K | $2.4M | 20x | as long as short |