Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$5.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 723.61 | 0.0040 | pay 0.0005% / 1h | 47m 59s | $691K | $5.4M | 10x |
| Short | Aftermath Perps METAUSD | 723.63 | 0.0223 | get 0.0028% / 1h | 47m 59s | $43K | $47K | 10x |
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
- $0.3
- Funding while held
- $5.5
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$13.2
- Spread needed to break even
- 0.190%
Slippage unknown: Coinbase International: live order book, 2 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0183%
- Per $10,000 a day
- +$5.50
- 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 Coinbase International live order book, 2 min ago | 2.28 bp | 7.8 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath Perps: 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.ApeX Omni722.41cheapestOndo Perps722.73+0.044%edgeX722.96+0.076%Variational Omni723.17+0.105%Phoenix723.24+0.115%
ApeX Omni
Ondo Perps
Variational Omni
PhoenixCoinbase International723.61+0.166%
Nado723.69+0.178%Hotstuff723.78+0.190%BloFin723.82+0.195%Aster723.95+0.213%Paradex724.01+0.222%KuCoin724.16+0.242%Phemex724.22+0.251%Aevo724.22+0.251%Gate724.26+0.256%QFEX724.31+0.263%Popdex724.33+0.266%Arcus724.35+0.269%HTX724.37+0.271%Vest724.45+0.282%Orderly724.47+0.285%tradeXYZ724.54+0.295%SoDEX724.54+0.295%Lighter RH724.64+0.309%Extended724.64+0.309%Bitget724.66+0.311%Lighter724.67+0.313%Polymarket Perps724.75+0.324%Deribit724.81+0.332%Bybit724.82+0.334%Binance724.84+0.336%SunX724.87+0.341%Injective725.06+0.367%OKX725.30+0.400%
Nado
Hotstuff
BloFin
Aster
Paradex
KuCoin
Phemex
Aevo
Gate
QFEX
Popdex
Arcus
HTX
Vest
Orderly
tradeXYZ
SoDEX
Lighter RH
Extended
Bitget
Lighter
Polymarket Perps
Deribit
Bybit
Binance
SunX
Injective
OKXMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni METAUSDT | −0.166% | +0.0100% | 1h | $133K | $56K | 50x | as long as short |
| Ondo Perps META-USD.P | −0.122% | +0.0050% | 1h | $845K | $2.7M | 10x | as long as short |
| edgeX METAUSDC | −0.090% | +0.0907% | 4h | $61K | $324K | 10x | as long as short |
| Variational Omni META | −0.061% | 0.0000% | 8h | $1.3M | $2.1M | — | as long as short |
| Phoenix META | −0.051% | +0.0100% | 1h | $281K | $361K | 20x | as long as short |
| Coinbase International META-PERP-INTXlong | 0.000% | +0.0040% | 1h | $691K | $5.4M | 10x | |
| Aftermath Perps METAUSDshort | +0.003% | +0.0223% | 1h | $43K | $47K | 10x | |
| Nado META-PERP | +0.011% | +0.0021% | 1h | $392K | $120K | 20x | as long as short |
| Hotstuff META-PERP | +0.023% | 0.0000% | 1h | $32K | $105 | 20x | as long as short |
| BloFin META-USDT | +0.029% | −0.0120% | 8h | $325K | $533K | 20x | as long as short |