data as of
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Price arb /

META

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.097%7d average+0.118%fees + slippage, in and out−$28spread needed0.283%
Long on Coinbase InternationalShort on QFEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International META-PERP-INTX711.970.0056pay 0.0007% / 1h35m 00s$644K$4.9M10x
ShortQFEX META-USD711.280.0028get 0.0004% / 1h35m 00s$1.8M$5.9M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.69
Funding while held
−$0.83
Slippage, 4 orders
−$8.34
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$38.87
Spread needed to break even
0.283%
Slippage from Coinbase International: live order book, 5 min ago; QFEX: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0028%
Per $10,000 a day
−$0.83
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago2.38 bp7.8 bp −$810.8 bp −$108doesn't fitdoesn't fit
Sell QFEX live order book, 5 min ago1.33 bp6.3 bp −$66.6 bp −$6617.1 bp −$1,707doesn't fit

META price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni710.33cheapestOndo Perps710.47+0.020%Phoenix710.58+0.036%Hotstuff710.77+0.062%ApeX Omni710.85+0.074%Paradex711.10+0.108%edgeX711.26+0.132%
QFEX711.28+0.134%
Arcus711.29+0.135%Popdex711.39+0.150%Polymarket Perps711.44+0.157%Aftermath Perps711.49+0.164%Vest711.70+0.193%KuCoin711.75+0.200%Gate711.76+0.202%Aevo711.78+0.205%Orderly711.83+0.212%Aster711.84+0.212%SoDEX711.93+0.226%Deribit711.96+0.230%
Coinbase International711.97+0.231%
HTX711.97+0.231%BloFin711.98+0.233%Nado712.09+0.248%Lighter RH712.11+0.251%Lighter712.12+0.252%tradeXYZ712.13+0.254%Bybit712.22+0.266%SunX712.23+0.268%Phemex712.26+0.272%Extended712.31+0.280%OKX712.32+0.281%Injective712.37+0.288%Binance712.41+0.293%Bitget712.46+0.300%

META on 35 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni META−0.231%0.0000%8h$1.4M$1.9M—as long as short
Ondo Perps META-USD.P−0.211%+0.0050%1h$845K$2.5M10xas long as short
Phoenix META−0.195%+0.0090%1h$230K$284K20xas long as short
Hotstuff META-PERP−0.169%+0.0088%1h$32K$10520xas long as short
ApeX Omni METAUSDT−0.157%+0.0100%1h$111K$46K50xas long as short
Paradex META-USD-PERP−0.123%+0.0052%8h——5xas long as short
edgeX METAUSDC−0.099%+0.0822%4h$60K$324K10xas long as short
QFEX META-USDshort−0.097%+0.0028%1h$1.8M$5.9M10x
Arcus META-USD−0.096%+0.0088%1h$280K$249K10xas long as short
Popdex METAUSDT−0.081%+0.0048%1h$166K$155K20xas long as short
Show all 35 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps META-USD−0.074%+0.0050%1h$647K$466K10xas long as short
Aftermath Perps METAUSD−0.067%+0.0248%1h$43K$48K10xas long as short
Vest META-USD-PERP−0.038%+0.0046%1h—$6K25xas long as short
KuCoin METAUSDTM−0.031%+0.0100%8h$1.5M$139K20xas long as short
Gate META_USDT−0.029%0.0000%8h$383K$3.2M100xas long as short
Aevo META-PERP−0.027%+0.0104%1h$256—10xas long as short
Orderly PERP_META_USDC_mythos−0.020%+0.0100%8h$1K—10xas long as short
Aster METAUSDT−0.019%0.0000%8h$439K$86K20xas long as short
SoDEX META-USD−0.006%+0.0050%1h$23K$3K10xas long as short
Deribit META_USDC-PERPETUAL−0.001%0.0000%1h$29K$253K10xas long as short
Coinbase International META-PERP-INTXlong0.000%+0.0056%1h$644K$4.9M10x
HTX META-USDT0.000%0.0000%8h$101K$264K30xas long as short
BloFin META-USDT+0.001%−0.0120%8h$339K$468K20xas long as short
Nado META-PERP+0.017%+0.0020%1h$441K$87K20xas long as short
Lighter RH META+0.020%+0.0032%1h$666K$2.4M20xas long as short
Lighter META+0.021%+0.0032%1h$685K$2.1M20xas long as short
tradeXYZ xyz:META+0.022%+0.0050%1h$61.7M$46.5M20xas long as short
Bybit METAUSDT+0.035%0.0000%8h$6.8M$7.3M100xas long as short
SunX META-USDT+0.037%0.0000%8h$996$8.1M20xas long as short
Phemex METAUSDT+0.041%0.0000%4h$1.9M$5K10xas long as short
Extended META_24_5-USD+0.048%0.0000%1h$515K$1.3M17xas long as short
OKX META-USDT-SWAP+0.049%0.0000%8h$6.1M$7.4M20xas long as short
Injective META/USDC PERP+0.056%+0.0220%1h$162K$135K30xas long as short
Binance METAUSDT+0.062%0.0000%8h$25.6M$92.8M20xas long as short
Bitget METAUSDT+0.069%0.0000%8h$4.9M$5.9M100xas long as short