Spread before costs (cost unknown: a leg has no order-book sample)+0.176%
7d average—if it closes, per $10,000$18funding while held, a day+$1.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METAUSDT | 711.11 | 0 | get 0.0000% / 8h | 37m 56s | $4.9M | $5.9M | 100x |
| Short | Paradex META-USD-PERP | 712.36 | 0.0052 | get 0.0052% / 8h | 37m 56s | — | — | 5x |
Bitget 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
- $17.57
- Funding while held
- $1.57
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $3.15
- Spread needed to break even
- 0.160%
Slippage unknown: Bitget: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0052%
- Per $10,000 a day
- +$1.57
- 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 | 0.91 bp | 9.3 bp −$9 | 18.3 bp −$183 | doesn't fit | 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.Injective710.19cheapestGate710.92+0.103%Bybit710.99+0.113%Extended711.07+0.124%KuCoin711.10+0.128%tradeXYZ711.11+0.130%
Injective
Gate
Bybit
Extended
KuCoin
tradeXYZBitget711.11+0.130%
SoDEX711.17+0.138%OKX711.21+0.144%Binance711.21+0.144%ApeX Omni711.24+0.148%Deribit711.27+0.152%Aftermath Perps711.35+0.163%Aster711.35+0.163%SunX711.40+0.170%Lighter711.42+0.173%Lighter RH711.43+0.175%Nado711.65+0.206%Aevo711.68+0.209%Orderly711.72+0.215%Coinbase International711.74+0.218%Phemex711.81+0.228%HTX711.83+0.231%Variational Omni711.84+0.233%Ondo Perps711.98+0.252%QFEX712.08+0.266%Popdex712.08+0.266%Arcus712.17+0.279%Polymarket Perps712.24+0.289%
SoDEX
OKX
Binance
ApeX Omni
Deribit
Aster
SunX
Lighter
Lighter RH
Nado
Aevo
Orderly
Coinbase International
Phemex
HTX
Variational Omni
Ondo Perps
QFEX
Popdex
Arcus
Polymarket PerpsParadex712.36+0.306%
Vest712.45+0.318%Hotstuff712.52+0.328%edgeX712.71+0.355%BloFin713.15+0.417%Phoenix713.38+0.449%
Vest
Hotstuff
BloFin
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.129% | +0.0220% | 1h | $162K | $135K | 30x | as long as short |
| Gate META_USDT | −0.027% | 0.0000% | 8h | $384K | $3.2M | 100x | as long as short |
| Bybit METAUSDT | −0.017% | 0.0000% | 8h | $6.8M | $7.2M | 100x | as long as short |
| Extended META_24_5-USD | −0.006% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| KuCoin METAUSDTM | −0.001% | +0.0100% | 8h | $1.5M | $138K | 20x | as long as short |
| tradeXYZ xyz:META | 0.000% | +0.0050% | 1h | $61.6M | $46.4M | 20x | as long as short |
| Bitget METAUSDTlong | 0.000% | 0.0000% | 8h | $4.9M | $5.9M | 100x | |
| SoDEX META-USD | +0.008% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| OKX META-USDT-SWAP | +0.014% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |
| Binance METAUSDT | +0.015% | 0.0000% | 8h | $25.6M | $92.1M | 20x | as long as short |