After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.050%7d average+0.006%fees + slippage, in and out−$31spread needed0.310%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METAUSDT | 747.10 | 0 | get 0.0000% / 8h | 5h 12m | $5.8M | $9.4M | 100x |
| Short | Popdex METAUSDT | 747.47 | 0.0048 | get 0.0006% / 1h | 12m 08s | $176K | $191K | 20x |
Bitget METAUSDT
Popdex METAUSDTPrice 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
- $4.95
- Funding while held
- $1.44
- Slippage, 4 orders
- −$12.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$24.66
- Spread needed to break even
- 0.310%
Slippage from Bitget: live order book, 3 min ago; Popdex: live order book, 23 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, 3 min ago | 1.07 bp | 9.4 bp −$9 | 16.1 bp −$161 | 34.8 bp −$3,483 | doesn't fit |
| Sell Popdex live order book, 23 min ago | 1.07 bp | 5.7 bp −$6 | 38.6 bp −$386 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps746.06cheapestHotstuff746.21+0.020%Injective746.38+0.043%BloFin746.41+0.047%Gate746.62+0.075%Phoenix746.78+0.097%Paradex746.85+0.106%Arcus746.93+0.117%OKX746.96+0.121%Coinbase International746.96+0.121%KuCoin747.03+0.130%tradeXYZ747.07+0.135%Nado747.08+0.136%
Ondo Perps
Hotstuff
Injective
BloFin
Gate
Phoenix
Paradex
Arcus
OKX
Coinbase International
KuCoin
tradeXYZ
NadoBitget747.10+0.139%
Bybit747.11+0.141%Aster747.17+0.148%ApeX Omni747.19+0.151%QFEX747.20+0.153%SunX747.20+0.153%HTX747.22+0.155%Aevo747.24+0.158%SoDEX747.25+0.160%Binance747.30+0.166%Deribit747.32+0.169%Lighter RH747.36+0.174%Extended747.41+0.181%Polymarket Perps747.44+0.185%
Bybit
Aster
ApeX Omni
QFEX
SunX
HTX
Aevo
SoDEX
Binance
Deribit
Lighter RH
Extended
Polymarket PerpsPopdex747.47+0.189%
Lighter747.48+0.190%Orderly747.48+0.190%Vest747.73+0.224%Phemex747.80+0.233%Aftermath Perps747.80+0.233%Variational Omni747.99+0.259%edgeX748.06+0.268%
Lighter
Orderly
Vest
Phemex
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps META-USD.P | −0.139% | +0.0050% | 1h | $730K | $3.5M | 10x | as long as short |
| Hotstuff META-PERP | −0.119% | +0.0080% | 1h | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | −0.096% | +0.0220% | 1h | $170K | $76K | 30x | as long as short |
| BloFin META-USDT | −0.092% | −0.0120% | 8h | $333K | $1.0M | 20x | as long as short |
| Gate META_USDT | −0.064% | 0.0000% | 8h | $361K | $4.8M | 100x | as long as short |
| Phoenix META | −0.043% | 0.0000% | 1h | $276K | $618K | 20x | as long as short |
| Paradex META-USD-PERP | −0.033% | +0.0050% | 8h | — | — | 5x | as long as short |
| Arcus META-USD | −0.023% | +0.0478% | 1h | $267K | $308K | 10x | as long as short |
| OKX META-USDT-SWAP | −0.019% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.019% | +0.0048% | 1h | $653K | $6.5M | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin METAUSDTM | −0.009% | +0.0100% | 8h | $1.6M | $286K | 20x | as long as short |
| tradeXYZ xyz:META | −0.004% | +0.0050% | 1h | $77.9M | $91.5M | 20x | as long as short |
| Nado META-PERP | −0.003% | −0.0021% | 1h | $395K | $215K | 20x | as long as short |
| Bitget METAUSDTlong | 0.000% | 0.0000% | 8h | $5.8M | $9.4M | 100x | |
| Bybit METAUSDT | +0.001% | 0.0000% | 8h | $8.2M | $11.5M | 100x | as long as short |
| Aster METAUSDT | +0.009% | 0.0000% | 8h | $460K | $430K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.012% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |
| QFEX META-USD | +0.013% | +0.0026% | 1h | $2.1M | $12.2M | 10x | as long as short |
| SunX META-USDT | +0.013% | 0.0000% | 8h | $965 | $9.4M | 20x | as long as short |
| HTX META-USDT | +0.016% | 0.0000% | 8h | $106K | $280K | 30x | as long as short |
| Aevo META-PERP | +0.019% | +0.0104% | 1h | $269 | — | 10x | as long as short |
| SoDEX META-USD | +0.020% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| Binance METAUSDT | +0.027% | 0.0000% | 8h | $27.9M | $152.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.029% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Lighter RH META | +0.035% | +0.0032% | 1h | $739K | $3.0M | 20x | as long as short |
| Extended META_24_5-USD | +0.041% | 0.0000% | 1h | $554K | $1.4M | 17x | as long as short |
| Polymarket Perps META-USD | +0.046% | +0.0050% | 1h | $545K | $835K | 10x | as long as short |
| Popdex METAUSDTshort | +0.050% | +0.0048% | 1h | $176K | $191K | 20x | |
| Lighter META | +0.051% | +0.0056% | 1h | $862K | $2.5M | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.051% | +0.0100% | 8h | $1K | $24 | 10x | as long as short |
| Vest META-USD-PERP | +0.084% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Phemex METAUSDT | +0.094% | 0.0000% | 4h | $2.0M | $6K | 10x | as long as short |
| Aftermath Perps METAUSD | +0.094% | +0.0294% | 1h | $44K | $46K | 10x | as long as short |
| Variational Omni META | +0.119% | 0.0000% | 8h | $1.6M | $2.2M | — | as long as short |
| edgeX METAUSDC | +0.129% | +0.0467% | 4h | $63K | $329K | 10x | as long as short |