After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.053%7d average−0.114%fees + slippage, in and out−$38spread needed0.379%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METAUSDT | 733.74 | 0 | get 0.0000% / 8h | 6h 49m | $7.5M | $9.1M | 100x |
| Short | Coinbase International META-PERP-INTX | 734.13 | 0.0048 | get 0.0006% / 1h | 49m 07s | $634K | $5.9M | 10x |
Bybit METAUSDT
Coinbase International META-PERP-INTXPrice 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
- $5.32
- Funding while held
- $1.44
- Slippage, 4 orders
- −$16.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$31.13
- Spread needed to break even
- 0.379%
Slippage from Bybit: live order book, 5 min ago; Coinbase International: live order book, 1 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 Bybit live order book, 5 min ago | 1.37 bp | 10.7 bp −$11 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 2.79 bp | 7.8 bp −$8 | 10.5 bp −$105 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.edgeX732.33cheapestApeX Omni732.36+0.004%Variational Omni732.45+0.016%Phoenix732.51+0.025%Aftermath Perps732.55+0.031%Hotstuff732.81+0.066%Injective732.81+0.066%Gate733.27+0.129%Nado733.34+0.138%KuCoin733.56+0.168%HTX733.56+0.168%OKX733.62+0.176%Deribit733.65+0.180%Polymarket Perps733.69+0.186%Lighter RH733.70+0.187%tradeXYZ733.73+0.191%
ApeX Omni
Variational Omni
Phoenix
Hotstuff
Injective
Gate
Nado
KuCoin
HTX
OKX
Deribit
Polymarket Perps
Lighter RH
tradeXYZBybit733.74+0.193%
Aevo733.77+0.197%Bitget733.79+0.200%QFEX733.82+0.204%SoDEX733.82+0.204%Lighter733.83+0.205%Popdex733.87+0.210%Extended733.90+0.214%SunX733.92+0.217%Binance733.93+0.219%Arcus733.95+0.221%Orderly733.96+0.223%BloFin733.96+0.223%Paradex734.03+0.232%Aster734.07+0.238%Vest734.13+0.246%
Aevo
Bitget
QFEX
SoDEX
Lighter
Popdex
Extended
SunX
Binance
Arcus
Orderly
BloFin
Paradex
Aster
VestCoinbase International734.13+0.246%
Phemex734.23+0.260%Ondo Perps734.24+0.261%
Phemex
Ondo PerpsMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX METAUSDC | −0.192% | +0.0647% | 4h | $61K | $326K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.188% | +0.0100% | 1h | $134K | $57K | 50x | as long as short |
| Variational Omni META | −0.176% | 0.0000% | 8h | $1.4M | $2.2M | — | as long as short |
| Phoenix META | −0.168% | +0.0055% | 1h | $251K | $513K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.162% | +0.0271% | 1h | $44K | $47K | 10x | as long as short |
| Hotstuff META-PERP | −0.127% | −0.0168% | 1h | $33K | $105 | 20x | as long as short |
| Injective META/USDC PERP | −0.127% | +0.0220% | 1h | $167K | $101K | 30x | as long as short |
| Gate META_USDT | −0.064% | 0.0000% | 8h | $344K | $4.0M | 100x | as long as short |
| Nado META-PERP | −0.055% | −0.0008% | 1h | $388K | $172K | 20x | as long as short |
| KuCoin METAUSDTM | −0.025% | +0.0100% | 8h | $1.5M | $197K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX META-USDT | −0.025% | 0.0000% | 8h | $104K | $270K | 30x | as long as short |
| OKX META-USDT-SWAP | −0.016% | 0.0000% | 8h | $5.9M | $10.0M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.012% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Polymarket Perps META-USD | −0.007% | +0.0050% | 1h | $665K | $482K | 10x | as long as short |
| Lighter RH META | −0.005% | +0.0032% | 1h | $702K | $2.6M | 20x | as long as short |
| tradeXYZ xyz:META | −0.001% | +0.0050% | 1h | $66.4M | $54.4M | 20x | as long as short |
| Bybit METAUSDTlong | 0.000% | 0.0000% | 8h | $7.5M | $9.1M | 100x | |
| Aevo META-PERP | +0.004% | +0.0104% | 1h | $264 | — | 10x | as long as short |
| Bitget METAUSDT | +0.007% | 0.0000% | 8h | $5.4M | $8.0M | 100x | as long as short |
| QFEX META-USD | +0.011% | +0.0020% | 1h | $1.8M | $8.8M | 10x | as long as short |
| SoDEX META-USD | +0.011% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Lighter META | +0.012% | +0.0032% | 1h | $845K | $2.4M | 20x | as long as short |
| Popdex METAUSDT | +0.018% | +0.0048% | 1h | $178K | $168K | 20x | as long as short |
| Extended META_24_5-USD | +0.021% | 0.0000% | 1h | $542K | $1.4M | 17x | as long as short |
| SunX META-USDT | +0.025% | 0.0000% | 8h | $859 | $9.3M | 20x | as long as short |
| Binance METAUSDT | +0.026% | 0.0000% | 8h | $25.2M | $120.4M | 20x | as long as short |
| Arcus META-USD | +0.029% | +0.0325% | 1h | $270K | $296K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.030% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| BloFin META-USDT | +0.030% | −0.0120% | 8h | $329K | $644K | 20x | as long as short |
| Paradex META-USD-PERP | +0.039% | +0.0051% | 8h | — | — | 5x | as long as short |
| Aster METAUSDT | +0.046% | 0.0000% | 8h | $451K | $125K | 20x | as long as short |
| Vest META-USD-PERP | +0.053% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Coinbase International META-PERP-INTXshort | +0.053% | +0.0048% | 1h | $634K | $5.9M | 10x | |
| Phemex METAUSDT | +0.067% | −0.0072% | 4h | $1.9M | $5K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.068% | +0.0050% | 1h | $746K | $3.0M | 10x | as long as short |