After costs, if the gap returns to its 7d average, $10k−$45
spread now−0.088%7d average−0.031%fees + slippage, in and out−$39spread needed0.388%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METAUSDT | 747.44 | 0 | get 0.0000% / 8h | 5h 10m | $8.2M | $11.6M | 100x |
| Short | Phoenix META | 746.78 | 0 | get 0.0000% / 1h | 10m 58s | $276K | $618K | 20x |
Bybit METAUSDT
Phoenix 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
- −$8.83
- Funding while held
- $0
- Slippage, 4 orders
- −$20.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$47.62
- Spread needed to break even
- 0.388%
Slippage from Bybit: live order book, 4 min ago; Phoenix: live order book, 23 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 4 min ago | 1.41 bp | 9.5 bp −$10 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 23 min ago | 2.81 bp | 9.6 bp −$10 | 19.2 bp −$192 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Injective746.38cheapestedgeX746.40+0.002%
InjectivePhoenix746.78+0.054%
Hotstuff746.86+0.064%Nado746.93+0.074%Gate747.02+0.086%Paradex747.06+0.091%Coinbase International747.07+0.092%HTX747.07+0.092%KuCoin747.11+0.098%Ondo Perps747.12+0.099%Arcus747.16+0.105%ApeX Omni747.19+0.109%tradeXYZ747.26+0.118%Aevo747.26+0.118%Deribit747.31+0.125%OKX747.34+0.129%QFEX747.34+0.129%Polymarket Perps747.34+0.129%SoDEX747.35+0.130%Phemex747.36+0.131%Popdex747.40+0.137%BloFin747.40+0.137%
Hotstuff
Nado
Gate
Paradex
Coinbase International
HTX
KuCoin
Ondo Perps
Arcus
ApeX Omni
tradeXYZ
Aevo
Deribit
OKX
QFEX
Polymarket Perps
SoDEX
Phemex
Popdex
BloFinBybit747.44+0.142%
Orderly747.44+0.142%Lighter RH747.47+0.146%Bitget747.52+0.153%Extended747.53+0.154%Aster747.53+0.155%Binance747.58+0.161%Lighter747.60+0.163%SunX747.64+0.169%Aftermath Perps747.68+0.174%Vest747.71+0.178%Variational Omni747.99+0.216%
Orderly
Lighter RH
Bitget
Extended
Aster
Binance
Lighter
SunX
Vest
Variational OmniMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective META/USDC PERP | −0.142% | +0.0220% | 1h | $170K | $76K | 30x | as long as short |
| edgeX METAUSDC | −0.140% | +0.0841% | 4h | $62K | $326K | 10x | as long as short |
| Phoenix METAshort | −0.088% | 0.0000% | 1h | $276K | $618K | 20x | |
| Hotstuff META-PERP | −0.078% | +0.0016% | 1h | $33K | $105 | 20x | as long as short |
| Nado META-PERP | −0.068% | −0.0020% | 1h | $395K | $215K | 20x | as long as short |
| Gate META_USDT | −0.056% | 0.0000% | 8h | $361K | $4.8M | 100x | as long as short |
| Paradex META-USD-PERP | −0.051% | +0.0050% | 8h | — | — | 5x | as long as short |
| Coinbase International META-PERP-INTX | −0.050% | +0.0048% | 1h | $654K | $6.5M | 10x | as long as short |
| HTX META-USDT | −0.050% | 0.0000% | 8h | $106K | $280K | 30x | as long as short |
| KuCoin METAUSDTM | −0.044% | +0.0100% | 8h | $1.6M | $286K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps META-USD.P | −0.043% | +0.0050% | 1h | $715K | $3.6M | 10x | as long as short |
| Arcus META-USD | −0.037% | +0.0478% | 1h | $267K | $308K | 10x | as long as short |
| ApeX Omni METAUSDT | −0.033% | +0.0100% | 1h | $167K | $71K | 50x | as long as short |
| tradeXYZ xyz:META | −0.024% | +0.0050% | 1h | $77.6M | $91.8M | 20x | as long as short |
| Aevo META-PERP | −0.024% | +0.0104% | 1h | $269 | — | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | −0.017% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| OKX META-USDT-SWAP | −0.013% | 0.0000% | 8h | $6.1M | $12.2M | 20x | as long as short |
| QFEX META-USD | −0.013% | +0.0026% | 1h | $2.2M | $12.2M | 10x | as long as short |
| Polymarket Perps META-USD | −0.013% | +0.0050% | 1h | $545K | $835K | 10x | as long as short |
| SoDEX META-USD | −0.012% | +0.0050% | 1h | $25K | $3K | 10x | as long as short |
| Phemex METAUSDT | −0.011% | 0.0000% | 4h | $2.0M | $6K | 10x | as long as short |
| Popdex METAUSDT | −0.005% | +0.0048% | 1h | $176K | $192K | 20x | as long as short |
| BloFin META-USDT | −0.005% | −0.0120% | 8h | $337K | $1.0M | 20x | as long as short |
| Bybit METAUSDTlong | 0.000% | 0.0000% | 8h | $8.2M | $11.6M | 100x | |
| Orderly PERP_META_USDC_mythos | 0.000% | +0.0100% | 8h | $1K | $24 | 10x | as long as short |
| Lighter RH META | +0.004% | +0.0032% | 1h | $740K | $3.0M | 20x | as long as short |
| Bitget METAUSDT | +0.011% | 0.0000% | 8h | $5.8M | $9.4M | 100x | as long as short |
| Extended META_24_5-USD | +0.012% | 0.0000% | 1h | $554K | $1.4M | 17x | as long as short |
| Aster METAUSDT | +0.013% | 0.0000% | 8h | $460K | $432K | 20x | as long as short |
| Binance METAUSDT | +0.019% | 0.0000% | 8h | $27.9M | $153.0M | 20x | as long as short |
| Lighter META | +0.021% | +0.0056% | 1h | $862K | $2.5M | 20x | as long as short |
| SunX META-USDT | +0.027% | 0.0000% | 8h | $781 | $9.4M | 20x | as long as short |
| Aftermath Perps METAUSD | +0.032% | +0.0295% | 1h | $44K | $46K | 10x | as long as short |
| Vest META-USD-PERP | +0.036% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Variational Omni META | +0.074% | 0.0000% | 8h | $1.6M | $2.2M | — | as long as short |