After costs, if the gap returns to its 7d average, $10k−$35
spread now+0.046%7d average+0.119%fees + slippage, in and out−$27spread needed0.274%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International META-PERP-INTX | 734.78 | 0.0048 | pay 0.0006% / 1h | 46m 21s | $646K | $6.0M | 10x |
| Short | Popdex METAUSDT | 735.12 | 0.0048 | get 0.0006% / 1h | 46m 21s | $178K | $168K | 20x |
Coinbase International META-PERP-INTX
Popdex 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
- $4.63
- Funding while held
- $0
- Slippage, 4 orders
- −$11.04
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$22.81
- Spread needed to break even
- 0.274%
Slippage from Coinbase International: live order book, 4 min ago; Popdex: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 4 min ago | 2.79 bp | 9.6 bp −$10 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 59 min ago | 0.97 bp | 5.4 bp −$5 | 16.5 bp −$165 | doesn't fit | doesn't fit |
META price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni732.45cheapestInjective732.81+0.049%Aftermath Perps733.48+0.141%Phoenix733.54+0.149%Ondo Perps733.59+0.156%ApeX Omni733.68+0.168%edgeX734.12+0.229%Phemex734.23+0.243%Nado734.55+0.286%Hotstuff734.65+0.301%Gate734.66+0.302%HTX734.66+0.302%
Variational Omni
Injective
Phoenix
Ondo Perps
ApeX Omni
Phemex
Nado
Hotstuff
Gate
HTXCoinbase International734.78+0.318%
SoDEX734.80+0.321%Deribit734.80+0.321%Aevo734.81+0.322%Bitget734.82+0.324%Lighter RH734.83+0.325%Paradex734.84+0.326%Extended734.84+0.327%Binance734.86+0.329%OKX734.89+0.333%Bybit734.90+0.335%KuCoin734.90+0.335%tradeXYZ734.96+0.343%BloFin734.99+0.347%Orderly735.00+0.348%SunX735.00+0.348%Lighter735.01+0.350%QFEX735.01+0.350%Aster735.03+0.353%
SoDEX
Deribit
Aevo
Bitget
Lighter RH
Paradex
Extended
Binance
OKX
Bybit
KuCoin
tradeXYZ
BloFin
Orderly
SunX
Lighter
QFEX
AsterPopdex735.12+0.365%
Arcus735.19+0.374%Vest735.25+0.383%Polymarket Perps735.26+0.384%
Arcus
Vest
Polymarket PerpsMETA on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni META | −0.317% | 0.0000% | 8h | $1.4M | $2.2M | — | as long as short |
| Injective META/USDC PERP | −0.268% | +0.0220% | 1h | $167K | $101K | 30x | as long as short |
| Aftermath Perps METAUSD | −0.177% | +0.0268% | 1h | $44K | $47K | 10x | as long as short |
| Phoenix META | −0.169% | +0.0055% | 1h | $251K | $513K | 20x | as long as short |
| Ondo Perps META-USD.P | −0.162% | +0.0050% | 1h | $759K | $3.0M | 10x | as long as short |
| ApeX Omni METAUSDT | −0.150% | +0.0100% | 1h | $135K | $57K | 50x | as long as short |
| edgeX METAUSDC | −0.089% | +0.0091% | 4h | $61K | $327K | 10x | as long as short |
| Phemex METAUSDT | −0.075% | −0.0056% | 4h | $1.9M | $5K | 10x | as long as short |
| Nado META-PERP | −0.032% | +0.0004% | 1h | $389K | $172K | 20x | as long as short |
| Hotstuff META-PERP | −0.018% | +0.0024% | 1h | $33K | $105 | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate META_USDT | −0.016% | 0.0000% | 8h | $345K | $4.0M | 100x | as long as short |
| HTX META-USDT | −0.016% | 0.0000% | 8h | $104K | $270K | 30x | as long as short |
| Coinbase International META-PERP-INTXlong | 0.000% | +0.0048% | 1h | $646K | $6.0M | 10x | |
| SoDEX META-USD | +0.003% | +0.0050% | 1h | $24K | $3K | 10x | as long as short |
| Deribit META_USDC-PERPETUAL | +0.003% | +0.0063% | 1h | $28K | $266K | 10x | as long as short |
| Aevo META-PERP | +0.004% | +0.0104% | 1h | $265 | — | 10x | as long as short |
| Bitget METAUSDT | +0.005% | 0.0000% | 8h | $5.5M | $8.0M | 100x | as long as short |
| Lighter RH META | +0.007% | +0.0032% | 1h | $703K | $2.6M | 20x | as long as short |
| Paradex META-USD-PERP | +0.008% | +0.0051% | 8h | — | — | 5x | as long as short |
| Extended META_24_5-USD | +0.009% | 0.0000% | 1h | $542K | $1.4M | 17x | as long as short |
| Binance METAUSDT | +0.011% | 0.0000% | 8h | $25.4M | $121.1M | 20x | as long as short |
| OKX META-USDT-SWAP | +0.015% | 0.0000% | 8h | $5.9M | $10.0M | 20x | as long as short |
| Bybit METAUSDT | +0.016% | 0.0000% | 8h | $7.5M | $9.4M | 100x | as long as short |
| KuCoin METAUSDTM | +0.016% | +0.0100% | 8h | $1.5M | $198K | 20x | as long as short |
| tradeXYZ xyz:META | +0.024% | +0.0050% | 1h | $66.9M | $54.7M | 20x | as long as short |
| BloFin META-USDT | +0.029% | −0.0120% | 8h | $330K | $646K | 20x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.030% | +0.0100% | 8h | $1K | — | 10x | as long as short |
| SunX META-USDT | +0.030% | 0.0000% | 8h | $984 | $9.3M | 20x | as long as short |
| Lighter META | +0.031% | +0.0032% | 1h | $847K | $2.4M | 20x | as long as short |
| QFEX META-USD | +0.031% | +0.0020% | 1h | $1.8M | $8.9M | 10x | as long as short |
| Aster METAUSDT | +0.034% | 0.0000% | 8h | $452K | $130K | 20x | as long as short |
| Popdex METAUSDTshort | +0.046% | +0.0048% | 1h | $178K | $168K | 20x | |
| Arcus META-USD | +0.056% | +0.0325% | 1h | $270K | $296K | 10x | as long as short |
| Vest META-USD-PERP | +0.064% | +0.0046% | 1h | — | $8K | 25x | as long as short |
| Polymarket Perps META-USD | +0.065% | +0.0050% | 1h | $666K | $482K | 10x | as long as short |