Spread before costs (cost unknown: a leg has no order-book sample)−0.094%
7d average—if it closes, per $10,000$9funding while held, a day+$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit METAUSDT | 737.81 | 0 | get 0.0000% / 8h | 6h 27m | $7.6M | $9.7M | 100x |
| Short | SoDEX META-USD | 737.12 | 0.0050 | get 0.0006% / 1h | 27m 41s | $24K | $3K | 10x |
Bybit METAUSDT
SoDEX META-USDPrice 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
- −$9.35
- Funding while held
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$26.85
- Spread needed to break even
- 0.190%
Slippage unknown: Bybit: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0050%
- Per $10,000 a day
- +$1.50
- 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 | 1.36 bp | 9.7 bp −$10 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
META price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International737.03cheapestHTX737.07+0.005%
Coinbase International
HTXSoDEX737.12+0.012%
Deribit737.13+0.014%Gate737.18+0.020%Phoenix737.29+0.035%Nado737.33+0.041%SunX737.44+0.056%Popdex737.50+0.064%Hotstuff737.52+0.066%Orderly737.52+0.066%Aevo737.54+0.069%Polymarket Perps737.63+0.081%Variational Omni737.70+0.090%KuCoin737.70+0.091%tradeXYZ737.74+0.096%Ondo Perps737.74+0.096%Paradex737.78+0.101%ApeX Omni737.78+0.102%
Deribit
Gate
Phoenix
Nado
SunX
Popdex
Hotstuff
Orderly
Aevo
Polymarket Perps
Variational Omni
KuCoin
tradeXYZ
Ondo Perps
Paradex
ApeX OmniBybit737.81+0.106%
Aftermath Perps737.86+0.112%Extended737.87+0.114%Binance737.89+0.117%Bitget737.90+0.118%Aster737.91+0.119%Lighter RH737.92+0.121%Phemex737.92+0.121%QFEX737.95+0.125%OKX738.01+0.133%Arcus738.05+0.138%Vest738.07+0.141%Lighter738.12+0.148%edgeX738.17+0.154%BloFin738.29+0.171%Injective740.12+0.419%
Extended
Binance
Bitget
Aster
Lighter RH
Phemex
QFEX
OKX
Arcus
Vest
Lighter
BloFin
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International META-PERP-INTX | −0.106% | +0.0048% | 1h | $641K | $6.1M | 10x | as long as short |
| HTX META-USDT | −0.100% | 0.0000% | 8h | $105K | $274K | 30x | as long as short |
| SoDEX META-USDshort | −0.094% | +0.0050% | 1h | $24K | $3K | 10x | |
| Deribit META_USDC-PERPETUAL | −0.092% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Gate META_USDT | −0.085% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Phoenix META | −0.070% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Nado META-PERP | −0.065% | +0.0016% | 1h | $390K | $173K | 20x | as long as short |
| SunX META-USDT | −0.050% | 0.0000% | 8h | $894 | $9.3M | 20x | as long as short |
| Popdex METAUSDT | −0.042% | +0.0048% | 1h | $173K | $174K | 20x | as long as short |
| Hotstuff META-PERP | −0.039% | −0.0024% | 1h | $33K | $105 | 20x | as long as short |