Spread before costs (cost unknown: a leg has no order-book sample)−0.034%
7d average−0.107%if it closes, per $10,000$3funding while held, a day+$5.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin META-USDT | 737.99 | −0.0120 | get 0.0120% / 8h | 6h 27m | $330K | $859K | 20x |
| Short | Ondo Perps META-USD.P | 737.74 | 0.0050 | get 0.0006% / 1h | 27m 15s | $755K | $3.1M | 10x |
BloFin META-USDT
Ondo Perps META-USD.PPrice 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
- −$3.39
- Funding while held
- $5.11
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$15.28
- Spread needed to break even
- 0.170%
Slippage unknown: BloFin: live order book, 11 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0170%
- Per $10,000 a day
- +$5.11
- 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 BloFin live order book, 11 min ago | 0.27 bp | 7.4 bp −$7 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.Phoenix737.29cheapestGate737.32+0.004%Bybit737.51+0.030%Hotstuff737.52+0.031%ApeX Omni737.54+0.034%Lighter RH737.56+0.037%Binance737.60+0.042%Nado737.62+0.044%Variational Omni737.70+0.055%
Phoenix
Gate
Bybit
Hotstuff
ApeX Omni
Lighter RH
Binance
Nado
Variational OmniOndo Perps737.74+0.061%
KuCoin737.77+0.065%Paradex737.78+0.066%Deribit737.80+0.069%Bitget737.83+0.073%SoDEX737.87+0.079%Aster737.91+0.084%Extended737.92+0.085%Aftermath Perps737.95+0.089%QFEX737.95+0.090%HTX737.96+0.091%Lighter737.99+0.095%
KuCoin
Paradex
Deribit
Bitget
SoDEX
Aster
Extended
QFEX
HTX
LighterBloFin737.99+0.095%
Popdex738.02+0.099%Phemex738.04+0.102%Arcus738.05+0.103%tradeXYZ738.10+0.110%edgeX738.10+0.110%Polymarket Perps738.11+0.111%OKX738.12+0.113%SunX738.12+0.113%Aevo738.12+0.113%Orderly738.17+0.119%Coinbase International738.30+0.137%Vest738.42+0.153%Injective740.12+0.384%
Popdex
Phemex
Arcus
tradeXYZ
Polymarket Perps
OKX
SunX
Aevo
Orderly
Coinbase International
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.095% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Gate META_USDT | −0.091% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Bybit METAUSDT | −0.065% | 0.0000% | 8h | $7.6M | $9.7M | 100x | as long as short |
| Hotstuff META-PERP | −0.064% | −0.0024% | 1h | $33K | $105 | 20x | as long as short |
| ApeX Omni METAUSDT | −0.061% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Lighter RH META | −0.058% | +0.0032% | 1h | $706K | $2.7M | 20x | as long as short |
| Binance METAUSDT | −0.053% | 0.0000% | 8h | $25.8M | $128.2M | 20x | as long as short |
| Nado META-PERP | −0.051% | +0.0017% | 1h | $390K | $173K | 20x | as long as short |
| Variational Omni META | −0.040% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| Ondo Perps META-USD.Pshort | −0.034% | +0.0050% | 1h | $755K | $3.1M | 10x |