After costs, if the gap returns to its 7d average, $10k−$28
spread now+0.022%7d average+0.009%fees + slippage, in and out−$29spread needed0.293%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METAUSDT | 712.76 | 0.0006 | pay 0.0006% / 8h | 1h 24m | $6.6M | $6.5M | 100x |
| Short | Lighter RH META | 712.92 | 0.0032 | get 0.0004% / 1h | 24m 26s | $764K | $2.3M | 20x |
Bybit METAUSDT
Lighter RH METAPrice 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
- $2.24
- Funding while held
- $0.78
- Slippage, 4 orders
- −$18.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$26.28
- Spread needed to break even
- 0.293%
Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0026%
- Per $10,000 a day
- +$0.78
- 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 | 1.19 bp | 12.0 bp −$12 | 28.3 bp −$283 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 2.74 bp | 2.8 bp −$3 | 4.6 bp −$46 | 38.9 bp −$3,888 | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Deribit711.72cheapestHotstuff711.73+0.001%SoDEX711.93+0.030%edgeX711.95+0.032%Coinbase International711.96+0.034%HTX711.98+0.037%Ondo Perps712.00+0.039%Aevo712.08+0.051%Orderly712.15+0.060%Binance712.22+0.070%tradeXYZ712.25+0.074%BloFin712.34+0.087%SunX712.35+0.089%Arcus712.57+0.119%Aftermath Perps712.57+0.120%Nado712.58+0.121%KuCoin712.58+0.121%QFEX712.61+0.125%Extended712.66+0.132%Gate712.68+0.135%Bitget712.69+0.136%Phoenix712.71+0.139%Paradex712.73+0.142%Vest712.75+0.145%
Deribit
Hotstuff
SoDEX
Coinbase International
HTX
Ondo Perps
Aevo
Orderly
Binance
tradeXYZ
BloFin
SunX
Arcus
Nado
KuCoin
QFEX
Extended
Gate
Bitget
Phoenix
Paradex
VestBybit712.76+0.146%
Lighter712.77+0.148%Aster712.77+0.148%OKX712.81+0.153%Polymarket Perps712.88+0.163%
Lighter
Aster
OKX
Polymarket PerpsLighter RH712.92+0.169%
Phemex713.01+0.181%ApeX Omni713.04+0.185%Popdex713.05+0.187%Injective713.75+0.285%Variational Omni713.80+0.292%
Phemex
ApeX Omni
Popdex
Injective
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit META_USDC-PERPETUAL | −0.146% | 0.0000% | 1h | $29K | $246K | 10x | as long as short |
| Hotstuff META-PERP | −0.145% | +0.0024% | 1h | $32K | $105 | 20x | as long as short |
| SoDEX META-USD | −0.116% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |
| edgeX METAUSDC | −0.114% | +0.0810% | 4h | $60K | $322K | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.112% | +0.0080% | 1h | $681K | $4.4M | 10x | as long as short |
| HTX META-USDT | −0.109% | 0.0000% | 8h | $101K | $264K | 30x | as long as short |
| Ondo Perps META-USD.P | −0.107% | +0.0050% | 1h | $917K | $2.3M | 10x | as long as short |
| Aevo META-PERP | −0.095% | +0.0104% | 1h | $256 | — | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | −0.086% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Binance METAUSDT | −0.076% | +0.0016% | 8h | $25.8M | $79.2M | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:META | −0.072% | +0.0050% | 1h | $62.6M | $42.7M | 20x | as long as short |
| BloFin META-USDT | −0.059% | −0.0104% | 8h | $344K | $423K | 20x | as long as short |
| SunX META-USDT | −0.058% | 0.0000% | 8h | $661 | $6.6M | 20x | as long as short |
| Arcus META-USD | −0.027% | +0.0356% | 1h | $282K | $242K | 10x | as long as short |
| Aftermath Perps METAUSD | −0.026% | +0.0247% | 1h | $43K | $48K | 10x | as long as short |
| Nado META-PERP | −0.025% | +0.0032% | 1h | $442K | $69K | 20x | as long as short |
| KuCoin METAUSDTM | −0.025% | +0.0100% | 8h | $1.5M | $123K | 20x | as long as short |
| QFEX META-USD | −0.021% | +0.0033% | 1h | $1.8M | $5.3M | 10x | as long as short |
| Extended META_24_5-USD | −0.014% | +0.0016% | 1h | $509K | $1.3M | 17x | as long as short |
| Gate META_USDT | −0.011% | 0.0000% | 8h | $394K | $2.9M | 100x | as long as short |
| Bitget METAUSDT | −0.010% | 0.0000% | 8h | $4.9M | $5.7M | 100x | as long as short |
| Phoenix META | −0.007% | +0.0169% | 1h | $230K | $255K | 20x | as long as short |
| Paradex META-USD-PERP | −0.004% | +0.0055% | 8h | — | — | 5x | as long as short |
| Vest META-USD-PERP | −0.001% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Bybit METAUSDTlong | 0.000% | +0.0006% | 8h | $6.6M | $6.5M | 100x | |
| Lighter META | +0.001% | +0.0032% | 1h | $704K | $2.0M | 20x | as long as short |
| Aster METAUSDT | +0.002% | 0.0000% | 8h | $436K | $78K | 20x | as long as short |
| OKX META-USDT-SWAP | +0.007% | 0.0000% | 8h | $6.1M | $6.8M | 20x | as long as short |
| Polymarket Perps META-USD | +0.017% | +0.0050% | 1h | $648K | $465K | 10x | as long as short |
| Lighter RH METAshort | +0.022% | +0.0032% | 1h | $764K | $2.3M | 20x | |
| Phemex METAUSDT | +0.035% | −0.0163% | 4h | $1.9M | $4K | 10x | as long as short |
| ApeX Omni METAUSDT | +0.039% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Popdex METAUSDT | +0.041% | +0.0048% | 1h | $164K | $148K | 20x | as long as short |
| Injective META/USDC PERP | +0.139% | +0.0147% | 1h | $162K | $164K | 30x | as long as short |
| Variational Omni META | +0.146% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |