After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.124%7d average+0.054%fees + slippage, in and out−$29spread needed0.292%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 711.74 | 0.0056 | pay 0.0007% / 1h | 36m 59s | $652K | $4.8M | 10x |
| Short | Deribit META_USDC-PERPETUAL | 710.86 | −0.0059 | pay 0.0007% / 1h | 36m 59s | $29K | $253K | 10x |
Coinbase International META-PERP-INTX
Deribit META_USDC-PERPETUALPrice 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
- −$12.36
- Funding while held
- −$3.46
- Slippage, 4 orders
- −$12.18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$45.01
- Spread needed to break even
- 0.292%
Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 18 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0115%
- Per $10,000 a day
- −$3.46
- 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, 3 min ago | 2.38 bp | 7.8 bp −$8 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 18 min ago | 3.25 bp | 6.8 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.KuCoin710.61cheapestBybit710.62+0.001%Gate710.66+0.007%OKX710.70+0.013%Extended710.77+0.022%
KuCoin
Bybit
Gate
OKX
ExtendedDeribit710.86+0.035%
Binance710.89+0.039%tradeXYZ710.90+0.041%Bitget710.90+0.041%SoDEX710.95+0.048%BloFin711.01+0.056%Aevo711.03+0.059%Lighter RH711.09+0.068%HTX711.09+0.068%Orderly711.13+0.073%Arcus711.14+0.075%Nado711.16+0.077%Lighter711.20+0.083%Ondo Perps711.21+0.084%SunX711.23+0.087%Paradex711.23+0.087%QFEX711.24+0.089%Popdex711.24+0.089%Polymarket Perps711.26+0.091%Hotstuff711.34+0.103%Aster711.35+0.104%Aftermath Perps711.47+0.121%Vest711.59+0.138%
Binance
tradeXYZ
Bitget
SoDEX
BloFin
Aevo
Lighter RH
HTX
Orderly
Arcus
Nado
Lighter
Ondo Perps
SunX
Paradex
QFEX
Popdex
Polymarket Perps
Hotstuff
Aster
VestCoinbase International711.74+0.159%
Phemex711.76+0.162%Variational Omni711.84+0.173%Injective712.37+0.248%edgeX712.71+0.296%ApeX Omni712.87+0.318%Phoenix713.38+0.390%
Phemex
Variational Omni
Injective
ApeX Omni
PhoenixMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin METAUSDTM | −0.159% | +0.0100% | 8h | $1.5M | $138K | 20x | as long as short |
| Bybit METAUSDT | −0.157% | 0.0000% | 8h | $6.8M | $7.2M | 100x | as long as short |
| Gate META_USDT | −0.152% | 0.0000% | 8h | $384K | $3.2M | 100x | as long as short |
| OKX META-USDT-SWAP | −0.146% | 0.0000% | 8h | $6.1M | $7.4M | 20x | as long as short |
| Extended META_24_5-USD | −0.137% | 0.0000% | 1h | $515K | $1.3M | 17x | as long as short |
| Deribit META_USDC-PERPETUALshort | −0.124% | −0.0059% | 1h | $29K | $253K | 10x | |
| Binance METAUSDT | −0.120% | 0.0000% | 8h | $25.6M | $92.4M | 20x | as long as short |
| tradeXYZ xyz:META | −0.118% | +0.0050% | 1h | $61.5M | $46.4M | 20x | as long as short |
| Bitget METAUSDT | −0.118% | 0.0000% | 8h | $4.9M | $5.9M | 100x | as long as short |
| SoDEX META-USD | −0.111% | +0.0050% | 1h | $23K | $3K | 10x | as long as short |