After costs, if the gap returns to its 7d average, $10k−$124
spread now−0.167%7d average+0.016%fees + slippage, in and out−$106spread needed1.057%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin META-USDT | 728.42 | −0.0120 | get 0.0120% / 8h | 7h 37m | $326K | $572K | 20x |
| Short | Phemex METAUSDT | 727.20 | −0.0115 | pay 0.0057% / 4h | 3h 37m | $1.9M | $5K | 10x |
BloFin META-USDT
Phemex 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
- −$16.75
- Funding while held
- $0.17
- Slippage, 4 orders
- −$81.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$122.29
- Spread needed to break even
- 1.057%
Slippage from BloFin: live order book, 6 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0006%
- Per $10,000 a day
- +$0.17
- 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, 6 min ago | 0.34 bp | 9.2 bp −$9 | 15.2 bp −$152 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.27 bp | 42.2 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.edgeX725.88cheapestVariational Omni726.15+0.038%Aftermath Perps726.34+0.064%ApeX Omni726.39+0.071%Ondo Perps726.43+0.076%Phoenix726.51+0.087%Coinbase International727.07+0.164%
Variational Omni
ApeX Omni
Ondo Perps
Phoenix
Coinbase InternationalPhemex727.20+0.182%
Popdex727.26+0.191%Gate727.43+0.214%Paradex727.43+0.215%Nado727.47+0.219%Hotstuff727.48+0.221%Vest727.51+0.225%KuCoin727.58+0.235%Arcus727.66+0.246%Orderly727.66+0.246%Aevo727.66+0.246%QFEX727.70+0.251%Polymarket Perps727.70+0.251%Bybit727.71+0.253%tradeXYZ727.74+0.257%Binance727.80+0.265%Aster727.86+0.273%OKX727.86+0.273%Bitget727.95+0.286%Extended727.97+0.288%Injective727.99+0.291%Lighter728.09+0.305%HTX728.18+0.317%
Popdex
Gate
Paradex
Nado
Hotstuff
Vest
KuCoin
Arcus
Orderly
Aevo
QFEX
Polymarket Perps
Bybit
tradeXYZ
Binance
Aster
OKX
Bitget
Extended
Injective
Lighter
HTXBloFin728.42+0.350%
Deribit728.47+0.357%Lighter RH728.48+0.359%SoDEX728.48+0.359%SunX728.78+0.400%
Deribit
Lighter RH
SoDEX
SunXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX METAUSDC | −0.349% | +0.0604% | 4h | $61K | $324K | 10x | as long as short |
| Variational Omni META | −0.311% | 0.0000% | 8h | $1.4M | $2.1M | — | as long as short |
| Aftermath Perps METAUSD | −0.285% | +0.0244% | 1h | $44K | $47K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.279% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Ondo Perps META-USD.P | −0.273% | +0.0050% | 1h | $846K | $2.8M | 10x | as long as short |
| Phoenix META | −0.262% | +0.0100% | 1h | $283K | $361K | 20x | as long as short |
| Coinbase International META-PERP-INTX | −0.185% | +0.0040% | 1h | $700K | $5.6M | 10x | as long as short |
| Phemex METAUSDTshort | −0.167% | −0.0115% | 4h | $1.9M | $5K | 10x | |
| Popdex METAUSDT | −0.159% | +0.0048% | 1h | $174K | $161K | 20x | as long as short |
| Gate META_USDT | −0.136% | 0.0000% | 8h | $371K | $3.6M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex META-USD-PERP | −0.135% | +0.0051% | 8h | — | — | 5x | as long as short |
| Nado META-PERP | −0.131% | +0.0024% | 1h | $394K | $121K | 20x | as long as short |
| Hotstuff META-PERP | −0.129% | −0.0056% | 1h | $33K | $105 | 20x | as long as short |
| Vest META-USD-PERP | −0.125% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| KuCoin METAUSDTM | −0.115% | +0.0100% | 8h | $1.5M | $187K | 20x | as long as short |
| Arcus META-USD | −0.104% | +0.0040% | 1h | $280K | $278K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.104% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Aevo META-PERP | −0.104% | +0.0104% | 1h | $262 | — | 10x | as long as short |
| QFEX META-USD | −0.099% | +0.0016% | 1h | $1.8M | $7.5M | 10x | as long as short |
| Polymarket Perps META-USD | −0.099% | +0.0050% | 1h | $665K | $474K | 10x | as long as short |
| Bybit METAUSDT | −0.097% | 0.0000% | 8h | $7.6M | $8.7M | 100x | as long as short |
| tradeXYZ xyz:META | −0.093% | +0.0050% | 1h | $66.0M | $51.1M | 20x | as long as short |
| Binance METAUSDT | −0.085% | 0.0000% | 8h | $25.5M | $109.1M | 20x | as long as short |
| Aster METAUSDT | −0.077% | 0.0000% | 8h | $447K | $95K | 20x | as long as short |
| OKX META-USDT-SWAP | −0.077% | 0.0000% | 8h | $5.9M | $9.5M | 20x | as long as short |
| Bitget METAUSDT | −0.065% | 0.0000% | 8h | $5.2M | $7.2M | 100x | as long as short |
| Extended META_24_5-USD | −0.062% | 0.0000% | 1h | $522K | $1.4M | 17x | as long as short |
| Injective META/USDC PERP | −0.059% | +0.0220% | 1h | $166K | $135K | 30x | as long as short |
| Lighter META | −0.045% | +0.0032% | 1h | $700K | $2.2M | 20x | as long as short |
| HTX META-USDT | −0.033% | 0.0000% | 8h | $103K | $269K | 30x | as long as short |
| BloFin META-USDTlong | 0.000% | −0.0120% | 8h | $326K | $572K | 20x | |
| Deribit META_USDC-PERPETUAL | +0.007% | +0.0217% | 1h | $28K | $262K | 10x | as long as short |
| Lighter RH META | +0.008% | +0.0032% | 1h | $654K | $2.6M | 20x | as long as short |
| SoDEX META-USD | +0.008% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| SunX META-USDT | +0.049% | 0.0000% | 8h | $788 | $9.2M | 20x | as long as short |