After costs, if the gap returns to its 7d average, $10k−$101
spread now−0.202%7d average+0.072%fees + slippage, in and out−$74spread needed0.738%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 743.45 | 0.0048 | pay 0.0006% / 1h | 45m 43s | $638K | $6.4M | 10x |
| Short | ApeX Omni METAUSDT | 741.95 | 0.0100 | get 0.0013% / 1h | 45m 43s | $166K | $72K | 50x |
Coinbase International META-PERP-INTX
ApeX Omni METAUSDTPrice 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
- −$20.18
- Funding while held
- $1.56
- Slippage, 4 orders
- −$53.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$92.42
- Spread needed to break even
- 0.738%
Slippage from Coinbase International: live order book, 5 min ago; ApeX Omni: live order book, 51 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0052%
- Per $10,000 a day
- +$1.56
- 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, 5 min ago | 1.68 bp | 7.5 bp −$7 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 51 min ago | 4.62 bp | 35.6 bp −$36 | 562.9 bp −$5,629 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Phoenix741.90cheapest
PhoenixApeX Omni741.95+0.007%
edgeX741.99+0.012%Variational Omni742.08+0.025%Injective742.33+0.058%Nado743.26+0.184%BloFin743.28+0.186%Aftermath Perps743.32+0.192%Gate743.41+0.204%
Variational Omni
Injective
Nado
BloFin
GateCoinbase International743.45+0.209%
Hotstuff743.46+0.210%KuCoin743.53+0.220%Ondo Perps743.55+0.222%Arcus743.55+0.222%QFEX743.67+0.239%Aevo743.73+0.247%Paradex743.73+0.247%HTX743.74+0.248%Phemex743.77+0.252%Popdex743.79+0.255%SoDEX743.84+0.261%Deribit743.84+0.261%Bybit743.86+0.264%tradeXYZ743.89+0.268%Bitget743.92+0.272%Orderly743.92+0.272%SunX743.92+0.272%Polymarket Perps743.96+0.278%OKX743.97+0.279%Extended743.97+0.280%Aster744.01+0.284%Binance744.03+0.288%Lighter RH744.13+0.301%Vest744.16+0.305%Lighter744.20+0.310%
Hotstuff
KuCoin
Ondo Perps
Arcus
QFEX
Aevo
Paradex
HTX
Phemex
Popdex
SoDEX
Deribit
Bybit
tradeXYZ
Bitget
Orderly
SunX
Polymarket Perps
OKX
Extended
Aster
Binance
Lighter RH
Vest
LighterMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.208% | 0.0000% | 1h | $274K | $618K | 20x | as long as short |
| ApeX Omni METAUSDTshort | −0.202% | +0.0100% | 1h | $166K | $72K | 50x | |
| edgeX METAUSDC | −0.196% | +0.0262% | 4h | $62K | $328K | 10x | as long as short |
| Variational Omni META | −0.184% | 0.0000% | 8h | $1.5M | $2.2M | — | as long as short |
| Injective META/USDC PERP | −0.151% | +0.0220% | 1h | $169K | $76K | 30x | as long as short |
| Nado META-PERP | −0.025% | −0.0021% | 1h | $393K | $173K | 20x | as long as short |
| BloFin META-USDT | −0.023% | −0.0005% | 8h | $332K | $959K | 20x | as long as short |
| Aftermath Perps METAUSD | −0.017% | +0.0297% | 1h | $44K | $46K | 10x | as long as short |
| Gate META_USDT | −0.005% | 0.0000% | 8h | $328K | $4.5M | 100x | as long as short |
| Coinbase International META-PERP-INTXlong | 0.000% | +0.0048% | 1h | $638K | $6.4M | 10x |