After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.092%7d average−0.112%fees + slippage, in and out−$35spread needed0.353%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METAUSDT | 747.80 | 0 | get 0.0000% / 8h | 5h 22m | $5.8M | $9.4M | 100x |
| Short | Coinbase International META-PERP-INTX | 747.11 | 0.0048 | get 0.0006% / 1h | 22m 39s | $639K | $6.5M | 10x |
Bitget METAUSDT
Coinbase International META-PERP-INTXPrice 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
- −$9.23
- Funding while held
- $1.44
- Slippage, 4 orders
- −$13.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$43.04
- Spread needed to break even
- 0.353%
Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0048%
- Per $10,000 a day
- +$1.44
- 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 Bitget live order book, 2 min ago | 0.74 bp | 11.7 bp −$12 | 17.8 bp −$178 | 42.2 bp −$4,218 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.07 bp | 6.1 bp −$6 | 10.1 bp −$101 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Gate746.35cheapestHTX746.57+0.029%KuCoin746.63+0.038%SoDEX746.71+0.048%Deribit746.73+0.051%Aevo746.78+0.058%Hotstuff746.79+0.059%Phoenix746.83+0.064%Orderly746.84+0.066%SunX746.92+0.076%BloFin746.93+0.078%Aster747.00+0.087%Ondo Perps747.00+0.087%Nado747.04+0.093%Variational Omni747.08+0.098%QFEX747.10+0.100%tradeXYZ747.11+0.102%
Gate
HTX
KuCoin
SoDEX
Deribit
Aevo
Hotstuff
Phoenix
Orderly
SunX
BloFin
Aster
Ondo Perps
Nado
Variational Omni
QFEX
tradeXYZCoinbase International747.11+0.102%
Paradex747.12+0.103%Polymarket Perps747.12+0.103%Popdex747.14+0.106%Injective747.36+0.135%Bybit747.42+0.143%Lighter RH747.44+0.146%OKX747.45+0.147%ApeX Omni747.51+0.155%Binance747.59+0.166%Aftermath Perps747.62+0.170%Lighter747.67+0.177%Extended747.68+0.178%
Paradex
Polymarket Perps
Popdex
Injective
Bybit
Lighter RH
OKX
ApeX Omni
Binance
Lighter
ExtendedBitget747.80+0.194%
Vest747.84+0.200%Arcus747.88+0.205%Phemex747.90+0.208%edgeX747.95+0.214%
Vest
Arcus
PhemexMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.194% | 0.0000% | 8h | $361K | $4.7M | 100x | as long as short |
| HTX META-USDT | −0.164% | 0.0000% | 8h | $106K | $280K | 30x | as long as short |
| KuCoin METAUSDTM | −0.156% | +0.0100% | 8h | $1.6M | $283K | 20x | as long as short |
| SoDEX META-USD | −0.146% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.143% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Aevo META-PERP | −0.136% | +0.0104% | 1h | $269 | — | 10x | as long as short |
| Hotstuff META-PERP | −0.135% | +0.0160% | 1h | $33K | $105 | 20x | as long as short |
| Phoenix META | −0.130% | 0.0000% | 1h | $276K | $618K | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.128% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| SunX META-USDT | −0.118% | 0.0000% | 8h | $1K | $9.4M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.116% | −0.0120% | 8h | $333K | $993K | 20x | as long as short |
| Aster METAUSDT | −0.107% | 0.0000% | 8h | $460K | $429K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.107% | +0.0050% | 1h | $719K | $3.5M | 10x | as long as short |
| Nado META-PERP | −0.101% | −0.0024% | 1h | $395K | $215K | 20x | as long as short |
| Variational Omni META | −0.096% | 0.0000% | 8h | $1.6M | $2.2M | — | as long as short |
| QFEX META-USD | −0.094% | +0.0026% | 1h | $2.1M | $11.8M | 10x | as long as short |
| tradeXYZ xyz:META | −0.092% | +0.0050% | 1h | $80.1M | $88.7M | 20x | as long as short |
| Coinbase International META-PERP-INTXshort | −0.092% | +0.0048% | 1h | $639K | $6.5M | 10x | |
| Paradex META-USD-PERP | −0.091% | +0.0051% | 8h | — | — | 5x | as long as short |
| Polymarket Perps META-USD | −0.091% | +0.0050% | 1h | $545K | $834K | 10x | as long as short |
| Popdex METAUSDT | −0.088% | +0.0048% | 1h | $174K | $186K | 20x | as long as short |
| Injective META/USDC PERP | −0.059% | +0.0220% | 1h | $170K | $76K | 30x | as long as short |
| Bybit METAUSDT | −0.051% | 0.0000% | 8h | $8.2M | $11.2M | 100x | as long as short |
| Lighter RH META | −0.048% | +0.0032% | 1h | $749K | $3.0M | 20x | as long as short |
| OKX META-USDT-SWAP | −0.047% | 0.0000% | 8h | $6.1M | $11.9M | 20x | as long as short |
| ApeX Omni METAUSDT | −0.039% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |
| Binance METAUSDT | −0.028% | 0.0000% | 8h | $27.5M | $150.4M | 20x | as long as short |
| Aftermath Perps METAUSD | −0.025% | +0.0295% | 1h | $44K | $46K | 10x | as long as short |
| Lighter META | −0.017% | +0.0056% | 1h | $863K | $2.5M | 20x | as long as short |
| Extended META_24_5-USD | −0.016% | 0.0000% | 1h | $554K | $1.4M | 17x | as long as short |
| Bitget METAUSDTlong | 0.000% | 0.0000% | 8h | $5.8M | $9.4M | 100x | |
| Vest META-USD-PERP | +0.005% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Arcus META-USD | +0.011% | +0.0478% | 1h | $268K | $309K | 10x | as long as short |
| Phemex METAUSDT | +0.013% | 0.0000% | 4h | $2.0M | $6K | 10x | as long as short |
| edgeX METAUSDC | +0.020% | +0.0008% | 4h | $62K | $327K | 10x | as long as short |