Spread before costs (cost unknown: a leg has no order-book sample)+0.016%
7d average—if it closes, per $10,000$2funding while held, a day+$0.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 737.84 | 0.0048 | pay 0.0006% / 1h | 29m 24s | $648K | $6.1M | 10x |
| Short | Paradex META-USD-PERP | 737.96 | 0.0051 | get 0.0051% / 8h | 6h 29m | — | — | 5x |
Coinbase International META-PERP-INTX
Paradex META-USD-PERPPrice 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
- $1.56
- Funding while held
- $0.09
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$12.35
- Spread needed to break even
- 0.140%
Slippage unknown: Coinbase International: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0003%
- Per $10,000 a day
- +$0.09
- 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, 1 min ago | 0.07 bp | 9.2 bp −$9 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Phoenix737.29cheapestGate737.39+0.014%Variational Omni737.70+0.055%Nado737.71+0.057%BloFin737.75+0.062%Ondo Perps737.76+0.064%KuCoin737.77+0.065%ApeX Omni737.78+0.066%Aftermath Perps737.78+0.067%Hotstuff737.83+0.073%
Phoenix
Gate
Variational Omni
Nado
BloFin
Ondo Perps
KuCoin
ApeX Omni
HotstuffCoinbase International737.84+0.075%
Aster737.91+0.084%tradeXYZ737.93+0.087%Lighter RH737.95+0.090%Extended737.95+0.090%
Aster
tradeXYZ
Lighter RH
ExtendedParadex737.96+0.090%
Binance737.97+0.092%Bybit737.99+0.095%QFEX738.02+0.099%Aevo738.02+0.100%Popdex738.03+0.100%Deribit738.04+0.102%Phemex738.04+0.102%Bitget738.05+0.103%Polymarket Perps738.06+0.104%HTX738.08+0.107%OKX738.12+0.113%SoDEX738.12+0.113%Orderly738.14+0.115%Lighter738.16+0.118%edgeX738.17+0.119%Arcus738.21+0.125%SunX738.25+0.130%Vest738.40+0.151%Injective739.27+0.269%
Binance
Bybit
QFEX
Aevo
Popdex
Deribit
Phemex
Bitget
Polymarket Perps
HTX
OKX
SoDEX
Orderly
Lighter
Arcus
SunX
Vest
InjectiveMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix META | −0.075% | +0.0055% | 1h | $252K | $513K | 20x | as long as short |
| Gate META_USDT | −0.061% | 0.0000% | 8h | $354K | $4.1M | 100x | as long as short |
| Variational Omni META | −0.020% | 0.0000% | 8h | $1.5M | $2.1M | — | as long as short |
| Nado META-PERP | −0.018% | +0.0015% | 1h | $390K | $173K | 20x | as long as short |
| BloFin META-USDT | −0.012% | −0.0120% | 8h | $329K | $856K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.011% | +0.0050% | 1h | $755K | $3.1M | 10x | as long as short |
| KuCoin METAUSDTM | −0.009% | +0.0100% | 8h | $1.5M | $207K | 20x | as long as short |
| ApeX Omni METAUSDT | −0.008% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| Aftermath Perps METAUSD | −0.008% | +0.0277% | 1h | $44K | $45K | 10x | as long as short |
| Hotstuff META-PERP | −0.001% | −0.0080% | 1h | $33K | $105 | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International META-PERP-INTXlong | 0.000% | +0.0048% | 1h | $648K | $6.1M | 10x | |
| Aster METAUSDT | +0.009% | 0.0000% | 8h | $454K | $168K | 20x | as long as short |
| tradeXYZ xyz:META | +0.012% | +0.0050% | 1h | $67.3M | $56.7M | 20x | as long as short |
| Lighter RH META | +0.015% | +0.0032% | 1h | $705K | $2.7M | 20x | as long as short |
| Extended META_24_5-USD | +0.015% | 0.0000% | 1h | $549K | $1.4M | 17x | as long as short |
| Paradex META-USD-PERPshort | +0.016% | +0.0051% | 8h | — | — | 5x | |
| Binance METAUSDT | +0.018% | 0.0000% | 8h | $25.8M | $127.5M | 20x | as long as short |
| Bybit METAUSDT | +0.020% | 0.0000% | 8h | $7.6M | $9.7M | 100x | as long as short |
| QFEX META-USD | +0.024% | +0.0020% | 1h | $1.8M | $9.4M | 10x | as long as short |
| Aevo META-PERP | +0.025% | +0.0104% | 1h | $266 | — | 10x | as long as short |
| Popdex METAUSDT | +0.026% | +0.0048% | 1h | $174K | $174K | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.027% | 0.0000% | 1h | $28K | $266K | 10x | as long as short |
| Phemex METAUSDT | +0.027% | −0.0019% | 4h | $2.0M | $5K | 10x | as long as short |
| Bitget METAUSDT | +0.028% | 0.0000% | 8h | $5.7M | $8.2M | 100x | as long as short |
| Polymarket Perps META-USD | +0.030% | +0.0050% | 1h | $668K | $483K | 10x | as long as short |
| HTX META-USDT | +0.033% | 0.0000% | 8h | $105K | $272K | 30x | as long as short |
| OKX META-USDT-SWAP | +0.038% | 0.0000% | 8h | $5.9M | $10.2M | 20x | as long as short |
| SoDEX META-USD | +0.038% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.041% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| Lighter META | +0.043% | +0.0056% | 1h | $851K | $2.4M | 20x | as long as short |
| edgeX METAUSDC | +0.044% | +0.0396% | 4h | $62K | $327K | 10x | as long as short |
| Arcus META-USD | +0.050% | +0.0325% | 1h | $269K | $298K | 10x | as long as short |
| SunX META-USDT | +0.056% | 0.0000% | 8h | $918 | $9.3M | 20x | as long as short |
| Vest META-USD-PERP | +0.076% | +0.0046% | 1h | — | $9K | 25x | as long as short |
| Injective META/USDC PERP | +0.194% | +0.0220% | 1h | $168K | $101K | 30x | as long as short |