After costs, if the gap returns to its 7d average, $10k−$38
spread now−0.024%7d average−0.032%fees + slippage, in and out−$39spread needed0.394%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METAUSDT | 712.73 | 0 | get 0.0000% / 8h | 32m 33s | $6.8M | $7.3M | 100x |
| Short | Nado META-PERP | 712.56 | 0.0017 | get 0.0002% / 1h | 32m 33s | $442K | $87K | 20x |
Bybit METAUSDT
Nado META-PERPPrice 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
- −$2.36
- Funding while held
- $0.5
- Slippage, 4 orders
- −$21.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$41.24
- Spread needed to break even
- 0.394%
Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 17 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0017%
- Per $10,000 a day
- +$0.50
- 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 Bybit live order book, 2 min ago | 2.18 bp | 10.4 bp −$10 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Nado live order book, 17 min ago | 0.71 bp | 6.0 bp −$6 | 15.1 bp −$151 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni710.33cheapestPhoenix710.58+0.036%edgeX711.20+0.122%Injective711.82+0.210%Aftermath Perps711.89+0.220%Coinbase International711.97+0.231%ApeX Omni712.13+0.254%Ondo Perps712.35+0.285%
Variational Omni
Phoenix
Injective
Coinbase International
ApeX Omni
Ondo PerpsNado712.56+0.315%
Gate712.59+0.319%Phemex712.59+0.319%Hotstuff712.60+0.320%Deribit712.60+0.320%SoDEX712.62+0.323%tradeXYZ712.69+0.333%Aevo712.70+0.334%HTX712.70+0.334%
Gate
Phemex
Hotstuff
Deribit
SoDEX
tradeXYZ
Aevo
HTXBybit712.73+0.338%
Vest712.79+0.347%Orderly712.79+0.347%Aster712.80+0.348%KuCoin712.81+0.349%Paradex712.82+0.351%Lighter RH712.84+0.354%QFEX712.84+0.354%BloFin712.84+0.354%Arcus712.85+0.355%Popdex712.89+0.361%Binance712.90+0.362%Lighter712.91+0.364%Polymarket Perps712.92+0.365%SunX712.95+0.369%Bitget712.98+0.373%Extended712.99+0.375%OKX713.05+0.383%
Vest
Orderly
Aster
KuCoin
Paradex
Lighter RH
QFEX
BloFin
Arcus
Popdex
Binance
Lighter
Polymarket Perps
SunX
Bitget
Extended
OKXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.337% | 0.0000% | 8h | $1.4M | $1.9M | — | as long as short |
| Phoenix META | −0.302% | +0.0090% | 1h | $230K | $284K | 20x | as long as short |
| edgeX METAUSDC | −0.215% | +0.0875% | 4h | $60K | $324K | 10x | as long as short |
| Injective META/USDC PERP | −0.128% | +0.0220% | 1h | $162K | $135K | 30x | as long as short |
| Aftermath Perps METAUSD | −0.118% | +0.0244% | 1h | $43K | $48K | 10x | as long as short |
| Coinbase International META-PERP-INTX | −0.107% | +0.0056% | 1h | $644K | $4.9M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.084% | +0.0100% | 1h | $111K | $46K | 50x | as long as short |
| Ondo Perps META-USD.P | −0.053% | +0.0050% | 1h | $845K | $2.6M | 10x | as long as short |
| Nado META-PERPshort | −0.024% | +0.0017% | 1h | $442K | $87K | 20x | |
| Gate META_USDT | −0.020% | 0.0000% | 8h | $383K | $3.2M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex METAUSDT | −0.020% | −0.0021% | 4h | $1.9M | $5K | 10x | as long as short |
| Hotstuff META-PERP | −0.018% | +0.0072% | 1h | $32K | $105 | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.018% | 0.0000% | 1h | $29K | $254K | 10x | as long as short |
| SoDEX META-USD | −0.015% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| tradeXYZ xyz:META | −0.006% | +0.0050% | 1h | $61.7M | $46.6M | 20x | as long as short |
| Aevo META-PERP | −0.004% | +0.0104% | 1h | $257 | — | 10x | as long as short |
| HTX META-USDT | −0.004% | 0.0000% | 8h | $101K | $265K | 30x | as long as short |
| Bybit METAUSDTlong | 0.000% | 0.0000% | 8h | $6.8M | $7.3M | 100x | |
| Vest META-USD-PERP | +0.008% | +0.0046% | 1h | — | $6K | 25x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.008% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Aster METAUSDT | +0.010% | 0.0000% | 8h | $439K | $86K | 20x | as long as short |
| KuCoin METAUSDTM | +0.011% | +0.0100% | 8h | $1.5M | $139K | 20x | as long as short |
| Paradex META-USD-PERP | +0.013% | +0.0052% | 8h | — | — | 5x | as long as short |
| Lighter RH META | +0.015% | +0.0032% | 1h | $667K | $2.4M | 20x | as long as short |
| QFEX META-USD | +0.015% | +0.0028% | 1h | $1.8M | $6.0M | 10x | as long as short |
| BloFin META-USDT | +0.015% | −0.0120% | 8h | $341K | $470K | 20x | as long as short |
| Arcus META-USD | +0.017% | +0.0088% | 1h | $280K | $249K | 10x | as long as short |
| Popdex METAUSDT | +0.022% | +0.0048% | 1h | $166K | $155K | 20x | as long as short |
| Binance METAUSDT | +0.024% | 0.0000% | 8h | $25.3M | $93.3M | 20x | as long as short |
| Lighter META | +0.025% | +0.0032% | 1h | $686K | $2.1M | 20x | as long as short |
| Polymarket Perps META-USD | +0.027% | +0.0050% | 1h | $648K | $463K | 10x | as long as short |
| SunX META-USDT | +0.031% | 0.0000% | 8h | $965 | $8.2M | 20x | as long as short |
| Bitget METAUSDT | +0.035% | 0.0000% | 8h | $4.9M | $5.9M | 100x | as long as short |
| Extended META_24_5-USD | +0.037% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| OKX META-USDT-SWAP | +0.045% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |