Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$4funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget METAUSDT | 711.79 | 0 | get 0.0000% / 8h | 1h 28m | $4.8M | $5.6M | 100x |
| Short | SoDEX META-USD | 711.54 | 0.0050 | get 0.0006% / 1h | 28m 16s | $23K | $3K | 10x |
Bitget METAUSDT
SoDEX META-USDPrice 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
- −$3.51
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$22.01
- Spread needed to break even
- 0.200%
Slippage unknown: Bitget: live order book, 1 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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, 1 min ago | 1.40 bp | 11.9 bp −$12 | 15.9 bp −$159 | 45.0 bp −$4,505 | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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.Ondo Perps710.70cheapestApeX Omni711.30+0.084%Hotstuff711.41+0.100%Deribit711.43+0.103%Extended711.51+0.115%
Ondo Perps
ApeX Omni
Hotstuff
Deribit
ExtendedSoDEX711.54+0.118%
OKX711.56+0.121%Aevo711.64+0.133%Gate711.70+0.141%Orderly711.75+0.148%
OKX
Aevo
Gate
OrderlyBitget711.79+0.153%
Paradex711.80+0.154%HTX711.85+0.162%Arcus711.87+0.165%tradeXYZ711.88+0.166%BloFin711.91+0.170%Bybit711.93+0.173%Binance711.94+0.175%Lighter RH711.98+0.180%Coinbase International711.99+0.182%Lighter712.02+0.186%QFEX712.03+0.187%Aster712.04+0.189%Nado712.04+0.189%KuCoin712.06+0.191%SunX712.14+0.203%Phemex712.16+0.205%Vest712.18+0.208%Aftermath Perps712.28+0.222%Polymarket Perps712.29+0.224%Popdex712.31+0.227%Variational Omni712.43+0.244%Phoenix712.51+0.255%edgeX712.63+0.271%Injective713.75+0.429%
Paradex
HTX
Arcus
tradeXYZ
BloFin
Bybit
Binance
Lighter RH
Coinbase International
Lighter
QFEX
Aster
Nado
KuCoin
SunX
Phemex
Vest
Polymarket Perps
Popdex
Variational Omni
Phoenix
InjectiveMETA 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 | −0.153% | +0.0050% | 1h | $918K | $2.3M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.069% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Hotstuff META-PERP | −0.053% | −0.0032% | 1h | $32K | $105 | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.051% | 0.0000% | 1h | $29K | $246K | 10x | as long as short |
| Extended META_24_5-USD | −0.039% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
| SoDEX META-USDshort | −0.035% | +0.0050% | 1h | $23K | $3K | 10x | |
| OKX META-USDT-SWAP | −0.032% | 0.0000% | 8h | $6.1M | $6.7M | 20x | as long as short |
| Aevo META-PERP | −0.021% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| Gate META_USDT | −0.013% | 0.0000% | 8h | $393K | $2.9M | 100x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.006% | +0.0100% | 8h | $1K | — | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget METAUSDTlong | 0.000% | 0.0000% | 8h | $4.8M | $5.6M | 100x | |
| Paradex META-USD-PERP | +0.001% | +0.0055% | 8h | — | — | 5x | as long as short |
| HTX META-USDT | +0.008% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| Arcus META-USD | +0.011% | +0.0356% | 1h | $283K | $241K | 10x | as long as short |
| tradeXYZ xyz:META | +0.013% | +0.0050% | 1h | $62.7M | $42.3M | 20x | as long as short |
| BloFin META-USDT | +0.017% | −0.0100% | 8h | $343K | $419K | 20x | as long as short |
| Bybit METAUSDT | +0.020% | +0.0015% | 8h | $6.6M | $6.5M | 100x | as long as short |
| Binance METAUSDT | +0.022% | +0.0019% | 8h | $25.7M | $77.8M | 20x | as long as short |
| Lighter RH META | +0.027% | +0.0032% | 1h | $754K | $2.3M | 20x | as long as short |
| Coinbase International META-PERP-INTX | +0.028% | +0.0080% | 1h | $683K | $4.4M | 10x | as long as short |
| Lighter META | +0.032% | +0.0032% | 1h | $702K | $2.0M | 20x | as long as short |
| QFEX META-USD | +0.034% | +0.0033% | 1h | $1.8M | $5.3M | 10x | as long as short |
| Aster METAUSDT | +0.035% | 0.0000% | 8h | $451K | $78K | 20x | as long as short |
| Nado META-PERP | +0.035% | +0.0033% | 1h | $441K | $69K | 20x | as long as short |
| KuCoin METAUSDTM | +0.038% | +0.0100% | 8h | $1.5M | $122K | 20x | as long as short |
| SunX META-USDT | +0.049% | 0.0000% | 8h | $917 | $6.5M | 20x | as long as short |
| Phemex METAUSDT | +0.052% | −0.0155% | 4h | $1.9M | $4K | 10x | as long as short |
| Vest META-USD-PERP | +0.055% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Aftermath Perps METAUSD | +0.068% | +0.0255% | 1h | $43K | $48K | 10x | as long as short |
| Polymarket Perps META-USD | +0.070% | +0.0050% | 1h | $648K | $465K | 10x | as long as short |
| Popdex METAUSDT | +0.073% | +0.0048% | 1h | $164K | $148K | 20x | as long as short |
| Variational Omni META | +0.090% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Phoenix META | +0.101% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| edgeX METAUSDC | +0.117% | +0.0732% | 4h | $60K | $324K | 10x | as long as short |
| Injective META/USDC PERP | +0.275% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |